Practical AI Reimagining actuarial science with AI
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Jul 25, 2025 
Igor Nikitin, CEO and co-founder of Nice Technologies, dives into how AI is revolutionizing actuarial science. He discusses integrating programming into insurance pricing workflows, highlighting the impact of Python-based engines and collaborative tools. Igor sheds light on the evolving landscape, where AI enhances efficiency and automates mundane tasks, allowing actuaries to innovate faster. He also envisions a future where common technologies improve modeling practices, paving the way for a more flexible and balanced professional life in the actuarial field.
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Igor's Career Path Story
- Igor Nikitin started programming at 13 but initially pursued other careers before discovering actuarial science.
- Despite failing his first actuarial exam, he persisted, combining his programming skills with actuarial work.
Regulation Drives Tech Adoption
- Regulations forced insurance companies to adopt advanced modeling technology beyond Excel.
- This shift led to early adoption of software development practices like DevOps and unit testing in actuarial work.
Late-Night Inspiration for Innovation
- Working late into the night, Igor developed a system that remembers steps taken in pricing to automate and reduce manual errors.
- This personal challenge led to the creation of the Nice Technologies Calc Engine, inspired by video game development tools.