CILA: AI – will actuarial input be replaced by artificial intelligence?
Part of the Current Issues in Life Assurance (CILA) 2023 Webinar Series We will consider how AI has been, and can be, used in the context of life and non-life insurers, as well as wider fields. We look at how ‘large language models’ work and their strengths and weaknesses. We will illustrate the use of this technology with the following use cases: IFRS 17 and AI – information search tool New AI coding assistant for actuaries How to prevent another global financial crisis. We will also consider WTW’s response to the recent consultation on AI in financial services.