AI Ireland with Mark Kelly E156 'Bridging Actuarial Science and Data Science' with Pedro Ecija Serrano
Aug 22, 2024
16:52
Today's guest is Pedro Ecija Serrano, a seasoned expert in Actuarial Science, Data Science and AI Ethics. In the ever-evolving world of data science and AI, the intersection with traditional fields like actuarial science offers fascinating insights. In this episode, Pedro discusses the dynamic relationship between these fields and the innovative ways in how it's shaping the financial services industry. Topics include:
- His career journey from statistics to finding his passion as an actuary
- Why insurance pricing is constrained by regulations and societal fairness
- How AI is quietly innovating insurance with governance and ethics focus
- Why Insurance demands cautious AI adoption to safeguard society
- His focus from modelling, ethical AI and strategy
- Advice to define strategy, reverse-engineer success and implement targeted AI actions
- How not all solutions need AI but listening to customers suffices
- Becoming a judge for the 2024 AI Awards
- Building trust in actuaries who are passionate about new technologies