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Artificial Intelligence Task Force

AI is an important global topic that is getting increased public attention, including from key Supranational organizations. Modern AI approaches link algorithms comprehensible to relatively few experts (including actuaries working in the practice area of data science) with almost all aspects of professional and everyday human activities. Actuaries, with their unique expertise and skill set, have a role to play in identifying and managing the risks involved in designing and using AI and also in exploiting responsibly the opportunities AI offers. As the worldwide organization of actuarial associations, the IAA can play a role in facilitating the inclusion of actuaries in the AI conversations at a global level.

Leadership

Frank Chang

Chair

Peter Withey

Vice-Chair

Objectives

Advance the competency of the profession with respect to AI by creating awareness of the risks and opportunities related to AI, facilitating knowledge sharing, and educating actuaries.
Promote the role of the actuary in existing and emerging wider fields and raise its profile.
Prepare the IAA, as the voice of the global actuarial profession, to proactively engage with Supranational organizations on AI-related risks and provide actuarial perspectives in their own related initiatives.

Resources

Task Force Members

List of members

Reference Materials

Coming soon!

Work Streams

Coming soon!

Statement of Intent

View the Statement of Intent for IAA Activities on Artificial Intelligence

The IAA has adopted a Statement of Intent for IAA Activities on Artificial Intelligence (AI).

Through these initiatives on AI, the IAA is looking to advance the competency of the profession with respect to AI by creating awareness of the risks and opportunities related to AI, and educating actuaries; Promote the role of the actuary in existing and emerging wider fields and raise the profile of the actuary; and Proactively engage with Supranational organizations on AI-related risks to provide actuarial perspectives in their own AI related initiatives.

To continue the work of the AITF into the next phase in 2025/26 a new Task Force with new members and those who wish to continue from 2024 was established in January 2025. Members of the AITF for 2025/26

AI Task Force Interim Report on 2024 Deliverables - May 2025

(Access Restricted to Members)

2024 Deliverables

Phase 2 - 2025/26

The second phase of work in 2025/26 will focus on how the IAA can support actuaries around the world to become fully AI enabled. In time, it is inevitable that AI enabled actuaries will replace actuaries without AI. Four workstreams will work on the deliverables in the second phase

Workstream 1: Engagement and Foundations (led by Tim Bishop)
» Members

This workstream focuses on generating interest in AI within the actuarial community as well as helping actuaries get started in the space. The goals include: promoting engagement, building and growing the community of actuaries using AI, as well as providing an easy way for actuaries to get started in AI.

Workstream 2: Research and Advancement (led by Henning Wergen and Valerie du Preez)
» Members

This workstream focuses on organizing and surfacing intermediate knowledge as well as encouraging the advancement of the AI-enabled actuary through practical research. The goal of this workstream is to meet the AITF objective of scanning the AI environment relevant to actuaries and supporting the education of actuaries in this field.
This workstream should coordinate with the Engagement and Foundations Workstream to help actuaries with a joint goal of engaging and educating.

Workstream 3: Case Studies and Tools (led by Simon Hatzesberger)
» Members

This workstream organizes case studies and toolkits which are used in AI across all topics, including machine learning, deep learning, NLP, agentic AI, fairness testing. The goal of this workstream is to collect, house, and organize tools and workbenches for actuaries to use in practice.
This workstream should coordinate with the Research and Advancement Workstream in the event there are assets which contain both knowledge and tools, e.g. papers linked to practical packages or repositories. These assets can be housed in the outputs of both workstreams. Also, to the extent that the Research and Advancement Workstream has a taxonomy, this workstream could use that to organize the how-to guides.
This workstream should coordinate with the Engagement and Foundations Workstream on any how-to guides which may have practical use (e.g. getting started in Python or incorporating open AI into Python). These assets can be housed in the outputs of both workstreams. Indeed, for basic how-to guides, the Engagement and Foundations Workstream could use Case Studies and Tools to drive engagement.

Workstream 4: Adoption Framework (led by Bogdan Tautan)
» Members

This workstream provides a framework to help actuaries put it all together and evaluate adoption strategies. In particular, the framework should include considerations such as best practices, professionalism, governance, ethics, as well as practicality.

Phase 1 - 2024

2024 Deliverables (Access restricted to members)

The first phase of work was completed by five workstreams, which established a framework for the IAA initiatives:

Workstream 1: Professionalism and Ethics (led by Peter Withey) » Members
Workstream 2: Education (led by Henning Wergen and Valarie du Preez) » Members
Workstream 3: Changing Role of Actuaries (led by Steven Claxton) » Members
Workstream 4: Governance (led by Bogdan Tautan) » Members
Workstream 5: Innovation (led by Tim Bishop and Alice Locatelli) » Members

Artificial Intelligence Task Force (AITF) Consolidated Deliverables 2024

Summary Update on 2024 Deliverables – September 2024