The Centre for Actuarial Data Science (CADS) at Sri Sathya Sai Institute of Higher Learning (SSSIHL) had the esteemed opportunity to participate and present at the 24th Global Conference of Actuaries (GCA), held from 17th to 19th March 2025 at The Westin Mumbai Powai Lake. The prestigious event was hosted by the Institute of Actuaries of India (IAI) and centered around the theme, “Actuarial Excellence in the Age of Disruption.”
SSSIHL’s Presentation on Generative AI in Actuarial Science
The SSSIHL team was led by Mr. Satya Sai Mudigonda, Professor of Practice at CADS, along with Dr. Rohan Yashraj Gupta, Visiting Faculty, SSSIHL, an alumnus, and a qualified General Insurance (GI) Actuary currently associated with Accenture. They presented on “Innovative Applications of Generative AI in Actuarial Data Science” on 18th March, captivating the audience with insights on cutting-edge AI applications in actuarial work.
The session, chaired by Mr. Arunachalam Rajaraman, Past President of the Institute of Actuaries of India (IAI), delved into AI-driven advancements in risk assessment, pricing strategies, and claims management. The highlight of the presentation was a live demonstration of CADS’ proprietary LLM-based fraud detection model—a web-based mobile application designed to identify complex fraud patterns, analyze unstructured data, and enhance fraud investigations. The interactive nature of the demo allowed attendees to experience the model firsthand, leading to thought-provoking discussions on its potential industry applications.
Engaging Discussions and Key Takeaways
The session witnessed an engaging Q&A segment, where participants posed insightful queries on LLM technology, ethical AI applications, and the future of AI-driven actuarial decision-making. The discussions underscored the growing importance of AI in actuarial practice and the need for responsible AI development in financial and insurance sectors.
The GCA is renowned for bringing together distinguished global speakers, industry leaders, and actuarial professionals, providing unmatched learning and networking opportunities. This year’s event was no exception, offering students, aspiring actuaries, and professionals a chance to engage with industry pioneers and explore emerging trends.
The participation of CADS at this esteemed forum underscores SSSIHL’s commitment to contributing to and shaping the future of actuarial data science through innovation and research.
