AI in Actuarial Science
This article is only available in German.
As actuaries, data is particularly important to us. It enables us to assess risks more accurately and carry out predictive analyses. Artificial intelligence (AI), for example, can help make these processes even more efficient. Optimising processes through new technologies is by no means unique to our time.
Throughout history, periods of major technological innovation, such as the Industrial Revolution, have seen a sharp rise in demand for insurance. New challenges created a need for protection. The same applies in the age of digitalisation. AI and machine learning bring new challenges and risks, but also opportunities to continually improve customer service.
You can read more interesting articles on this topic here:
The AI Revolution Is Coming – The Actuary Magazine
What machine Learning techniques can help actuaries – dig-in.com
How quantifiable are large-scale risks? – Versicherungsjournal
Hannah Steinberger
