The Power of Tradition in the Age of AI

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  • uploaded August 11, 2025

This short interview introduces ActuaryGPT, an AI-powered tool built to assist actuaries in their work. It outlines how automation can support routine processes, enhance accuracy, and give actuaries more time to apply their expertise in areas such as strategy, risk and communication.    The conversation highlights how traditional actuarial skills like judgment, ethics and interpretation remain essential, even as the profession adapts to advances in data science and machine learning. It also recognises the importance of diverse perspectives in navigating complex problems and making better decisions in a fast-changing environment.    A real-world example is included, where ActuaryGPT uses Monte Carlo simulation to estimate the ASX 200 index. While the result was highly accurate, the key message is that innovation is most effective when guided by human insight. The video reflects how the actuarial profession can evolve by combining long-standing principles with emerging tools and new ways of thinking.

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