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Evaluation

Quick Byte

Level 1: No prior knowledge of the subject (0-3 Years)

QB-4 - How Generative AI leverages Cloud Computing for insurance companies

Tuesday, November 7, 2023
3:15 PM – 3:40 PM PST
Location: California Ballroom (2nd Floor)
Livestreamed
Insurance companies are either curious about the capabilities and technology behind Generative AI, or at a stage where they are willing to invest to get a first mover advantage. However, there are inherent risks associated with it, which positions an opportunity for actuaries to embrace this and mitigate the risks while maintaining proper actuarial standards of practice.
Also, given the heavy use of unstructured data and large volumes of data, the power of cloud computing and end to end data platforms become the foundation to do Generative AI the right way.

Learning Objectives:

  • Understand the main benefits of cloud (vs on-prem) and its current adoption
  • Find out how organizations are thinking of human capital and collaboration between actuaries, IT, and other professionals
  • Understand why cloud computing and actuaries are key for LLM Business Value Assessment *Infracture - Understanding why cloud computing is key *Productivity - Allowing Actuaries to do more with less *Business outcomes - Reducing losses, improving operational efficiencies, and pricing more accurately