Will AI Make Actuarial Science Obsolete?
For centuries, actuaries have been the backbone of insurance, using statistical models and risk assessment to shape the industry. But as AI-driven models grow more sophisticated—processing vast datasets in seconds and identifying risks humans might miss—some argue that traditional actuarial science is on borrowed time. Will AI enhance actuarial expertise, creating a new breed of supercharged data-driven actuaries? Or are we heading toward a future where algorithms make the decisions, and the human element is no longer needed?
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Debate