What would I do as an actuary?
#fredwagner: About the future role of actuaries, big data and artificial intelligence
In the sixteenth issue of the video magazine #fredwagner, Dr. Bader, among other things, that big data and artificial intelligence (AI) will play an increasingly important role in the work of actuaries. Artificial intelligence could be used, for example, to model large amounts of data and prepare it for analysis. So far, actuaries have been using mathematical-statistical methods to derive correlations in order to assess risks. With the help of AI, this work could be done more efficiently.
Does AI threaten actuaries?
When asked whether artificial intelligence would endanger the profession of actuary, Dr. Bader said that AI would not replace actuaries, but would make their tasks even more demanding, because logarithms would have to be checked, for example. The number of actuaries required would therefore even increase rather than decrease.
The entire interview with Dr. You can find Bader here. You can find more #fredwagner episodes on www.insurance-tv.de.pp
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