Quantum computing opens an entirely new horizon for actuaries. Despite their reputation, quantum concepts can be surprisingly intuitive when framed in actuarial contexts. This introductory session will leverage actuarial analogies and practical examples to clarify core quantum concepts:

Qubits and Quantum circuits: What are they, and how they are used to encode and process information.

Superposition: Actuarial analogies like Schrödinger’s Policyholder, where a life simultaneously embodies survival and death probabilities.

Entanglement: Illustrating correlated risks like joint-lives, where the state of one qubit immediately informs about another.

Quantum Encoding: Representing entire life tables efficiently with just a handful of qubits, drastically reducing computational and memory requirements.

Quantum Valuation: Annuity and Option valuation using quantum computers. 

Quantum Hardware demo: Running calculations on real quantum hardware. 

Inspired by recent actuarial-focused quantum research published in the British Actuarial Journal, attendees will develop foundational quantum literacy, practical familiarity with quantum methods relevant to actuarial work, and actionable insights into integrating quantum tools into their analytical toolbox.

Speaker:

Muhammad Ahmer Amjad, Canada Life