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GPT and the Actuarial Landscape: An Overview of Large Language Models and Applications

2023 Webinar - GPT and the Actuarial Landscape: An Overview of Large Language Models and Applications - November 2

Inspired by the recent popularization of Generative Pretrained Transformers (GPT), the model that powers OpenAI’s ChatGPT, this presentation will provide an overview of large language models and explore their potential applications in the insurance industry. GPT models have achieved groundbreaking results in a variety of natural language processing tasks. We will examine the potential impacts of GPT and similar models on the insurance industry and actuarial work. We will also explain how these models work to enable a deeper understanding. Lastly, we will discuss a new software paradigm enabled by such AI advancements, “Software 2.0”, and how actuaries can modernize their skillset.

Learning Objectives:

  1. Understand the details and capabilities of GPT and similar language models.
  2. Explore the applications and impacts of these models in the insurance industry.
  3. Learn about how actuaries can modernize their skillset to adapt to a new software paradigm.
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