AI Interactive Framework – Mockup – International Actuarial Association

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Business Objective Definition
Use Case Assessment
Regulatory & Ethical Considerations

Data Sourcing
Data Quality Assessment
Data Preprocessing
Data Governance

Model Design
Model Building
Model Documentation

Validation Planning
Performance Evaluation
Stress Testing
Model Risk Assessment
Use Test
Validation Documentation
Gen‑AI Specific Validation
Narrow‑AI Specific Validation

Model Review
Approval Process
Model Inventory Management
Interface between AI model and systems

Technical Implementation
Change Management
User Training

Ongoing Monitoring
Periodic Review
Incident Management

Model Updates
Retirement Process

Comprehensive Documentation
Audit Readiness

Model Risk Management Policy
Roles & Responsibilities
Reporting