Guidance Resource: Artificial Intelligence and Discrimination in Insurance Pricing and Underwriting

2 CPD Points

Data Science Meet Up - Lighting Talks

Hear from Alex Scandurra, Chief AI & Data Officer, Actuaries Institute at a recent Data Science Meet Up.

1 CPD Point

YAC 2024 Plenary 3: Navigating Technological Disruption (back to the future)

Join us as we dive into actuarial history. Together, we’ll analyse past industry disruptors and how actuaries have navigated them. Learn how you can harness technical skills, keep up to date, and remain relevant by staying ahead of emerging trends.

1 CPD Point

Navigating Technological Disruption (back to the future) — Young Actuaries Conference

Learn how you can harness technical skills, keep up to date, and remain relevant by staying ahead of emerging trends. Future-proof your career by learning from the past and preparing for what’s next.

2 CPD Points

Data Science Meet Up - End Of Year Lightning Talks

Our final event of the year, and your chance to present for five minutes on what you have been working on, or what interests you in the fields of AI and data science. Catered with food and drink, and with plenty of time for networking as always.

2 CPD Points

Empowering Actuaries with AI and Data Science

In today’s rapidly evolving landscape, the integration of AI and data science into actuarial work is transforming how actuaries approach risk, analytics, and decision-making. This session will explore practical, real-world applications of data science that are already enhancing the actuarial toolkit. We will showcase cutting-edge techniques for improving predictive accuracy, optimising processes, and providing deeper insights for strategic planning. Additionally, we will introduce two essential learning resources designed specifically for Australian actuaries: the Actuaries' Analytical Cookbook and the AI and Data Science Learning Resource. These resources provide hands-on tools, frameworks, and educational pathways that empower actuaries to thrive in data science roles, bridging the gap between traditional actuarial methods and modern analytics.

1 CPD Point

12 November 2024: Response to Treasury - Review of AI and Australian Consumer Law

Responding to Treasury's review of AI and Australian Consumer Law, the Institute has drawn on recommendations made in prior extensive submissions to Government on AI including the need for regulation to be outcomes focused, prioritisation of existing regulation and guidance rather than new regulation and the creation of a centralised expert body to consider AI governance, regulation and guidance.

2 CPD Points

The Artificial Actuarial Team

How might the actuary of the future work alongside teams of artificial actuaries? Join us for an exciting live demonstration of an artificial actuarial team in action. This session will showcase how artificial actuaries, each with diverse specialities, can collaborate with human actuaries to complete actuarial tasks. Jared will demonstrate how artificial actuaries can understand and apply relevant contextual information, utilise various tools and applications, and provide and act upon feedback. This will all happen under the watchful eye of a human actuary. Additionally, Jared will highlight why actuaries are uniquely positioned to drive AI adoption and capitalise on the opportunities it offers. This session will underscore the critical skillsets that actuaries possess, which are essential for the successful integration of AI.

1 CPD Point

Getting to Grips With Indigenous Data

2 CPD Points

Getting to Grips With Indigenous Data

The authors of the Institute's latest Thought Leadership Report will share the key insights and how actuaries can do data better by understanding the fundamentals of Indigenous data and its governance. The session will help attendees understand the key principles of Indigenous data and Indigenous Data Sovereignty, consider those in the context of the high-profile policy framework of Closing the Gap, and examples of where the principles have been applied well. The session will also explore progress being made in the community-controlled sector and frameworks for building capacity in First Nations research.

1 CPD Point

2 October 2024: Response to Department of Industry, Science and Resources Consultation on Mandatory Guardrails for Safe and Responsible AI

The Institute acknowledges the complexities of regulating AI systems, welcoming the acceptance of the OECD definition of AI systems and more detailed outline of risk dimensions for AI systems. We recommend further refinement of the proposed guardrails including more detail in the risk classification system and an understanding of the costs associated if the guardrails are implemented.

2 CPD Points

Data Science Meet Up - From AI tools to AI agents and beyond

Tiberio's talk will examine the often unquestioned assumption that AI is merely a tool to assist humans in achieving their goals. While AI can certainly manifest as a tool, is it accurate to say all AI is only a tool? Do certain types of AI possess properties that fundamentally conflict with any reasonable definition of a tool? Can AI agents still be considered tools? What exactly are AI agents, and what are their current and potential future manifestations? Can humans lose control of AI agents? Can AI agents be or become moral agents? Can they be conscious? Why should we engage with these questions now? In this talk, Tiberio will explore these and related questions.

2 CPD Points

Data Science Meet Up - Consulting Reimagined: Building an AI Sidekick for Quick Insights

Embark on a journey with Anthony Tockar as he provides practical tips on constructing an AI-powered assistant, designed to streamline the research process for consultants. In this session, Anthony will share his approach to developing an AI tool that efficiently prepares you for client meetings by swiftly gathering key insights. Anthony will distil the essence of AI development into a concise blueprint, focusing on the essentials: efficient data processing, lightweight deployment, and user-friendly interaction. AI is not just a time-saver; it's a game-changer, offering on-demand insights that can turbo-charge you and your business, today.

2 CPD Points

Data Science Meet Up – Unlocking the Power of MLOps: Scalable and Sustainable Machine Learning

As organizations scale up their use of machine learning models, it becomes critical to manage the ML lifecycle in a standardized and streamlined way. MLOps provides a framework for operationalizing machine learning, from model development through deployment, monitoring, and continuous improvement. In this discussion, we’ll explore the key factors that determine an organization’s need for MLOps. We’ll delve into how the number of models, model complexity, associated risks, and rate of change in the environment impact the necessity of adopting MLOps practices. Discover how implementing MLOps can help organizations lower production costs, iterate on models faster, increase data science team satisfaction, and govern ML initiatives more effectively. Throughout the session, we’ll highlight the critical capabilities of MLOps platforms, including model deployment processes, specialized monitoring, lifecycle management, and governance controls. We’ll also discuss the importance of starting the MLOps journey early to prevent the costs and technical debt of unmanaged models from overtaking the value being generated. Attendees will gain valuable insights into transforming complex and bespoke ML processes into scalable ones that consistently deliver value as organizations expand their use of AI and ML.

2 CPD Points

AI Powered Claims Models

Using Large Language Models to predict injury compensation claim outcomes. We examine the usage of unstructured text claims data for ML driven claims models, using both traditional key-word matching and modern LLMs driven techniques. Top 3 reasons to attend or top 3 learning outcomes Interest in long-tail insurance claims analytics Interest in machine learning and predictive analytics modelling Interest in text mining and LLMs

1 CPD Point

AI Powered Claims Models

2 CPD Points

Data Science Meet Up - Are We Ready For AI Yet?

Watching the latest demonstrations from both OpenAI (4o) and Google (Astra), it is easy to imagine a not too distant future where, far from locking phones away at school, they will be the assistants that help children learn; and AI agents their constant companions through life. But what kind of a future does AI offer us, and are any of us, or our societies, ready for this future. This talk will focus on the recent advances in the decades old endeavour to build intelligent systems, trying to get beyond thinking in terms of AIs generally, to thinking about the specific types of AI models that are being developed. While even the current AI technology seems to be setting in motion a profound transformation of our society that will last over a decade, it will be argued it is within our reach to realise many benefits, and avoid most of the problems, if we have the collective will to do so.