In this episode of the Society of Actuaries Research Institute's Get Plugged In podcast series, AI Insights, host Dale Hall sits down with Igor Nikitin, CEO and Co-Founder of Nice Technologies, for a practical conversation on what AI can (and can't) do for actuarial modeling today.
Igor shares real-world examples of AI in action and discusses how AI can support model development through explanation, testing, documentation, and review—while also highlighting where the hype outpaces reality. The discussion covers how to evaluate AI value, spot red flags (like limited domain training data and "black box" outputs), and build the governance and accountability needed to maintain trust when AI is involved in actuarial work.
Listeners will also hear Igor's advice for actuarial organizations starting their AI journey: start small, establish privacy and usage guidelines, require citations and second reviews, and always model costs at production scale before committing to major investments.
