Episode 47: Actuaries Leading AI Adoption with Jared Spowart

“The real value in [AI], I think, comes from realising that you can use it as a teacher, or as a coach or an advisor, and you think about the role of a human teacher versus a human assistant, that's two very different roles.

Getting AI to teach you means that you're developing a new skill, you're developing a broader range of skills.

I love that idea so much of AI as a teacher because if you're utilising AI to teach you more skills, have a more diverse skill set to be more adaptable, well then you're utilising AI to help you become less susceptible to being replaced by AI.”

Jared Spowart,
Experienced Actuary

Jared is passionate about artificial intelligence and its potential to transform ways of working. He is a Fellow of the Institute of Actuaries, with a career spanning two decades within the Life Insurance industry. He is currently the Head of Actuarial Systems, Data, and Process Optimization at AIA. His focus is on harnessing AI to boost company-wide productivity and empowering actuaries to be at the forefront of responsible AI implementation. 

Jared also recently delivered an innovative presentation at the Australian Actuaries Summit titled ‘The Artificial Actuary.’  In this presentation, he showcased how AI models can be transformed into artificial actuaries. Through an insurance repricing example, Jared demonstrated how artificial actuaries can leverage tools like projection models and collaborate to tackle more complex tasks.  

In this interview Jared shares: 

1. An illustration of how teams of artificial actuaries can perform actuarial work, 

2. The key skills human actuaries need to learn to thrive in an AI world,  

3. How human leaders will need to change as society embraces AI, and 

4. Why human actuaries should be at the forefront of AI adoption within our organisations. 

Connect with Jared on LinkedIn.

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