Unveiling AI and GPT-4: Actuarial Impacts and Insights (Part 1 of 3)

In this first episode of a 3-part series, Joe Alaimo, CEO of ProComp, is joined by Deloitte AIS team members Andrew McLeod and Harrison Jones to delve into the world of Artificial Intelligence (AI), with a specific focus on the Generative Pretrained Transformer 4 (GPT-4). Together, they demystify the concepts of generative AI, large language models (LLMs), and explore how GPT-4, a product of OpenAI, stands out from its predecessors. This episode provides a comprehensive understanding of AI's impact on various industries, specifically how these technological advancements have been transforming the insurance sector and the actuarial profession. Tune in to learn more about the potential of AI and stay tuned for the next episode where they will propose a fictional AI product for actuaries.

For more in-depth coverage read Harrison Jones and Andrew McLeod's article in The Actuary.