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Old 01-05-2017, 11:35 AM
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Default Fukoku Mutual Life Insurance Co: the beginning of the end of Actuaries?

The countdown to the day that Actuaries get replaced by machines has officially started.

They replaced 34 workers (that calculated payouts) with an IBM designed Watson Explorer AI.

https://www.google.co.uk/amp/s/amp.t...life-insurance
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Old 01-05-2017, 11:37 AM
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Originally Posted by jas66Kent View Post
The countdown to the day that Actuaries get replaced by machines has officially started.

They replaced 34 workers (that calculated payouts) with an IBM designed Watson Explorer AI.

Details to follow....
Watson can't pass the exams!
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Old 01-05-2017, 11:57 AM
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Skynet is upon us. We should pay close attention to anyone with last name Connor.

Seriously though, the IBM system replaces claim adjusters, not actuaries.

Last edited by Chaos Theory; 01-05-2017 at 12:08 PM..
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Old 01-05-2017, 11:58 AM
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http://www.actuarialoutpost.com/actu...d.php?t=317784
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Old 01-05-2017, 12:04 PM
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Dang. Ninja'd by MPC
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“Stupidity is a more dangerous enemy of the good than malice. Against stupidity we are defenseless. Neither protests nor the use of force accomplish anything here; reasons fall on deaf ears; facts that contradict one’s prejudgment simply need not be believed – in such moments the stupid person even becomes critical – and when facts are irrefutable they are just pushed aside as inconsequential, as incidental. For that reason, greater caution is called for when dealing with a stupid person than with a malicious one".
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Old 01-05-2017, 12:24 PM
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Dang. Ninja'd by MPC
Yes, and BTW, that's not a real person, it's just a separate manifestation of Watson.
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Old 01-05-2017, 12:26 PM
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That would explain the hatred of puns and not good grammar.
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Old 01-05-2017, 01:02 PM
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Watson can't pass the exams!
I'd bet it could pass the pre-lims with very little training.

-Riley
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Old 01-05-2017, 01:05 PM
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I'd bet it could pass the pre-lims with very little training.

-Riley
I don't think its calculator is SOA approved.
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Old 01-05-2017, 01:19 PM
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Maybe Watson can replace Data Scientists.
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