“[Artificial intelligence and big data have] accelerated what I’ll call the broadening of the actuarial mindset or toolkit to say, ‘How do I have richer conversations with data scientists? How do I have richer conversations with regulators?’… We’re starting to have a richer dialogue with what I’ll call our ‘intellectual cousins,’ and it’s not just in insurtech,” David Sandberg, senior consultant, Insurance Economics Practice, Charles River Associates, said.
David also advises Monitaur. Their software and knowledge are intentional about incorporating actuarial best practices and expertise as part of a comprehensive AI governance approach for insurers.