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CaveatandDisclaimer
TheopinionsexpressedandconclusionsreachedbytheauthorsaretheirownanddonotrepresentanyofficialpositionoropinionoftheSocietyof
ActuariesResearchInstitute,theSocietyofActuariesoritsmembers.TheSocietyofActuariesResearchInstitutemakesnorepresentationorwarrantytotheaccuracyoftheinformation.
Copyright©2023bytheSocietyofActuariesResearchInstitute.Allrightsreserved.
TopActuarialTechnologiesof2022-2023
SPONSORActuarialInnovationandTechnology
StrategicResearchProgramSteeringCommittee
AUTHORSMariannePurushotham,FSA,MAAA
DararithLy,MBA
Copyright©2023SocietyofActuariesResearchInstitute
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CONTENTS
KeyFindings4
Methodology6
Section1:TopActuarialTechnologies8
1.1DataVisualization8
1.2CloudComputingandStorage9
1.3PredictiveModeling10
Section2:NewDataSources12
Section3:EmergingTechnologies13
3.1ArtificialIntelligence/MachineLearning13
3.2Chatbots13
3.3UnstructuredData14
Section4:ActuarialCapabilities15
Section5:ThePathForward16
Section6:Acknowledgments17
AppendixA:InterviewGuide18
AppendixB:SurveyQuestionnaire19
AboutTheSocietyofActuariesResearchInstitute29
Copyright©2023SocietyofActuariesResearchInstitute
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TopActuarialTechnologiesof2022-2023
Overthepastdecade,theemergenceandapplicationofnewtechnologiesandthegrowthofdatasciencehave
presentedbothchallengesandopportunitiesforactuariesandtheroleoftheprofession.Inordertokeepactuariesinformedaboutnewtechnologiesandtheirimpactonthefuturedirectionoftheindustryandtheprofession,theSOAcommissionedLIMRAtoconductaresearchstudyontheTopActuarialTechnologiesof2019toexaminetopactuarialtechnologiescurrentlyinuse,aswellasthoseexpectedtogrowinthefuture.
Thisreportrepresentsthesecondinstallmentoftheongoingseries.TopActuarialTech
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