Artificial intelligence (AI) has recently piqued the world’s curiosity. While the trigger for all this attention was the capabilities of generative AI and large language models along with chatbots such as ChatGPT, the promise of AI is clear.
Insurers that report on an International Financial Reporting Standards (IFRS) basis were required to apply IFRS 17 Insurance Contracts for annual reporting periods starting on or after January 1, 2023.
About 4 billion of the world’s current 9 billion people may benefit from inclusive insurance initiatives, but this potential market may not be easy to access from a traditional insurance perspective.
Volunteerism is a powerful force that drives positive change in communities across the world. In Canada, National Volunteer Week is an opportunity to reflect on the impact of volunteerism, acknowledging that volunteers are critical in building vibrant and healthy communities.
The actuarial profession has always been at the forefront of utilizing technology to improve decision-making and predictions. Now, with the introduction of advanced artificial intelligence (AI) and machine learning (ML) tools like OpenAI’s GPT-4, the profession is on the cusp of another major transformation.
Canadian Institute of Actuaries
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