Your January Actuarial Highlights: AMA, AI Innovations, and Career Tools

January 07, 2025

Estimated Reading Time: 5 minutes

I’m hosting a live AMA (Ask Me Anything) webinar this Thursday, Jan 9, at:

  • 10:30 AM EST

  • 3:30 PM GMT

  • 9:00 PM IST

This is your chance to ask me anything about:

  • Independent consulting

  • AI in actuarial work

  • Audience building

  • The actuarial job market

  • Or any related topic you're curious about!

Let’s dive into your burning questions and have a productive discussion.

Register now using the following link:

Looking forward to seeing you there!

Introducing MyActuary.AI's Revolutionary RAG Feature

We’re excited to announce the launch of our state-of-the-art RAG (Retrieval Augmented Generation) feature in MyActuary.AI, your personal AI assistant. This innovation brings unparalleled efficiency to navigating actuarial documents and answering complex queries, powered by cutting-edge AI.

How to Use the Actuarial Q&A Tool

The RAG feature is designed to retrieve relevant information from actuarial sources and combine it with advanced language modeling to provide accurate and insightful responses. While it’s a powerful assistant, it’s important to use it responsibly, ensuring accountability for professional decisions. Transparency and verifiability are at its core.

 

Step-by-Step Guide

1. Select a Collection of Actuarial Documents

  • Visit MyActuary.AI and choose the RAG feature from the menu.

  • Select your desired document category from the “Select Collection” dropdown and then the specific document from the “Select Document” dropdown.

Available collections include:

  • Statutory Accounting Principles (SAP)

  • Principle-Based Reserves (PBR)

  • Cash Flow Testing (CFT)

  • ASOP Life Standards

  • Generally Accepted Accounting Principles (GAAP)

  • IFRS 17

  • Bermuda Regulations

  • Cayman Frameworks

  • Asset Management

  • Product Development

  • Risk and Finance Topics (e.g., capital, reinsurance)

  • AI and Big Data Applications

After selection, click New Chat or Set Current Chat to begin. The tool will focus on your chosen document, enabling you to ask specific questions.

 2. Explore Document Summaries

Use the AI-generated summaries in the sidebar to quickly review the main topics of each document. These summaries help you identify the most relevant sources for your query.

 3. Formulate Your Question

Keep your questions clear and concise. Avoid abbreviations for clarity. Examples:

  • "Explain ASOP No. 12."

  • "What is the Bermuda Solvency Capital Requirement?"

 4. Customize Your RAG Settings (Optional)

Refine your search process with these settings:

  • Top N Sources: Choose how many top sources to display (default: 20).

  • Diversity Search: Enable to ensure varied perspectives by minimizing repetitive results.

  • Similarity Scores: Display similarity scores for enhanced precision (note: this may slow the process).

Switching topics or collections? Use the Clear Chat History option to reset and prevent earlier queries from influencing responses.

 5. Interpret the Response

The app retrieves relevant document sections and generates an AI-assisted answer. Use the retrieved excerpts for verification. Remember, the tool is here to assist, not replace, your actuarial expertise.

 6. Refer to the Source Documents

While the app narrows down relevant sections, always consult the original documents for your final interpretation. Professional judgment is critical when applying insights to your work.

 

We’re confident that this advanced tool will make navigating actuarial documents more efficient and insightful. Start exploring MyActuary.AI today and experience the future of actuarial support!

Exciting Updates at ActuaryList.com!

We’re thrilled to share some amazing changes to our actuarial job board, ActuaryList.com:

  • Fresh New Look: A complete rebrand with a sleek logo and improved design.

  • Enhanced User Experience: Better filters, improved job cards, and several other updates to make your search easier.

And we’re not stopping there! Over the next few weeks, we’re rolling out even more exciting features:

  • Helpful Blogs: Insights and tips for actuarial professionals.

  • Advanced Job Search: A powerful new search tool to find jobs faster.

  • More Jobs Weekly: A wider selection of handpicked actuarial roles to fit your preferences.

In the meantime, don’t miss out on our free weekly job alerts!
👉 Sign up here to get tailored job recommendations (sector, location, remote options, etc.) delivered straight to your inbox - just once a week.

Stay tuned for more updates!