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Esko Kivisaari Chairperson AAE Artificial Intelligence-Data Science Working Group |
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Artificial Intelligence (AI) has been a hot topic for a long time now, and is a development which promises to further transform many aspects of our lives. To understand what this could mean for actuaries, we should start from something we are certain of: data sets are the foundation for predictions which underpin risk measurement. Machine learning and other AI tools make it possible to consider vastly expanded data sets, and as such to potentially develop entirely new ways to evaluate and analyse risks.