Introduction to a quantum toolbox
by Muhammad Amjad
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Muhammad Amjad is Director at WTW | ||
Quantum computing, while seemingly complex, may be surprisingly intuitive for actuaries. Building a quantum circuit often involves capturing the essence of relationships between risks, similar to how actuaries model dependencies. For example, a quantum circuit can represent how the death of one life might impact the probability of death of another, a concept familiar to actuaries who work with joint life probabilities and correlated risk factors. This shared focus suggests that actuarial science can be readily ‘quantised,’ opening the door to a quantum toolbox for actuaries.
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Disclaimer: This article represents the opinion of the author, and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 41 – March 2025
