Impact of AI on Mortality - Essay Collection

September 2024

The Society of Actuaries (SOA) Research Institute’s Mortality and Longevity Strategic Research Program Steering Committee issued a call for essays to explore the application of artificial intelligence (AI) to mortality and longevity. The objective was to gather a variety of perspectives and experiences on the use of AI in mortality modeling, forecasting and prediction to promote discussion and future research around this topic.  The collection includes six essays that were accepted for publication from all submissions. Two essays were chosen for prizes based on their creativity, originality, and likelihood of further thought on the subject matter.

The six essays that form this collection are included below and are also compiled here:  Impact of AI on Mortality - Essay Collection

The collection includes six essays that were accepted for publication from all submissions. Two essays were chosen for prizes based on their creativity, originality, and likelihood of further thought on the subject matter:

FIRST PRIZE WINNER: 
Improve Insurance Accessibility via Artificial Intelligence
Kailan Shang, FSA, CFA, PRM, SCJP

SECOND PRIZE WINNER: 
The Impact of Artificial Intelligence on Mortality modeling and Forecasting
Niranjan Rajendran

Remaining Essays:

The Application of Artificial Intelligence in Mortality Modeling and Forecasting: GBM, Data Cleaning, and Dynamic Mortality Tables
Jiaming Zuo, FSA, CERA, FCAA, FASHK

Artificial Intelligence and the Measurement and Projection of Mortality Experience
David L. Driscoll, FSA, MAAA, EA, FCA

Exploring Nontraditional Data Sources for AI-Driven Mortality Modeling and Forecasting
Siyu Chen, FSA

Precision and Prediction: Leveraging Artificial Intelligence in Mortality Modeling for Actuaries
Tianyang Wang, PhD, ASA, CFA, FRM

Acknowledgments

The SOA Research Institute thanks the Mortality and Longevity Strategic Research Program Steering Committee for their careful review and judging of the submitted essays. Any views and ideas expressed in the essays are the authors’ alone and may not reflect the Committee’s views and ideas nor those of their employers, the authors’ employers, the Society of Actuaries, the Society of Actuaries Research Institute, nor Society of Actuaries members.

Mary Bahna-Nolan, FSA, MAAA, CERA
Magali Barbieri
Mark Bye, ASA
Micah Canaday, ASA
Frank Chechel, FSA, MAAA
Carolyn Covington, FSA, MAAA, CERA
Jean-Marc Fix, FSA. MAAA
Stephen Gruber, FSA, MAAA
Sam Gutterman, FSA, MAAA, FCAS, FCA, HonFIA, CERA
Edward Hui, FSA
Joel Jones
Yutaro Kameda, FSA
Al Klein, FSA, MAAA
Tom Kukla, Vice Chair, FSA, MAAA
Johnny Li, FSA, ACIA
Erik Pickett, FCA
Marianne Purushotham, FSA, MAAA
George Silos, FSA, MAAA, CERA
Larry Stern, Chair, FSA, MAAA

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