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How exposed to AI is a Actuarie?

Of the 15 tasks O*NET lists for actuaries, 3 could be done in half the time with a chat window today. 2 cannot be sped up at all. Here is which.

Exposure means published research judged an AI could halve the time a task takes, at the same quality. It does not mean the task stops needing a person. How to read this

Also called
Actuarial AnalystActuarial AssociateActuarial ConsultantActuaryConsulting ActuaryCorporate ActuaryHealth ActuaryPricing ActuaryProduct Development ActuaryReserving Actuary
Reachable today Needs software built first Cannot be sped up
15
tasks rated for this occupation
100%
hold a degree, from a survey of 28
23k
people do this job in the US
26 of 36
least protected in computing and maths

Every task, and what AI can do with it

These are O*NET's task statements for this occupation, exactly as written, sorted into the three bands by the ratings behind this report. Nothing has been reworded.

Reachable with a chat window today

3
  • Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public
  • Provide advice to clients on a contract basis, working as a consultant
  • Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates

Only with software built on top

10
  • Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits
  • Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums
  • Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information
  • Negotiate terms and conditions of reinsurance with other companies
  • Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business
  • Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies
  • Determine policy contract provisions for each type of insurance
  • Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings
  • Manage credit and help price corporate security offerings
  • Explain changes in contract provisions to customers

Cannot be sped up

2
  • Testify before public agencies on proposed legislation affecting businesses
  • Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person disabled or killed in an accident
What this does not say

This is not a prediction about your job

Nobody surveyed an employer. Tasks are counted equally, so a percentage here is a share of the list rather than a share of your week. And the ratings were made in 2023, which makes every figure a floor rather than a ceiling.

It must never be used to select anyone for redundancy. The full limits are here.

Where to go next

This is the standard task list for the title. The useful next question is which of the tasks you actually do should go near AI, and which should not.

Sort your own tasks Read the full report

Exposure ratings from Eloundou, Manning, Mishkin and Rock, GPTs are GPTs: Labor market impact potential of LLMs, Science 384, 1306–1308, 2024, used under the MIT licence. This page includes information from the O*NET Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. People Team AI has modified all or some of this information. USDOL/ETA has not approved, endorsed, or tested these modifications. Employment figures from the US Bureau of Labor Statistics.