Automation index

Can AI do the work of a Actuary?

Running a model and a reserving report is shorter. Signing the assumptions and answering the supervisor is not.

It also does not predict how many people will lose their jobs.

Task comparison

IS WORK OVER?

32%

AI or a robot can already do 32% of this job.

#24 / 103

Actuary

Score = Σ (weight × saving). Weight is our estimate from frequency, not a time share published by O*NET. Saving is separate.

Weights are our estimate from O*NET frequency (FT). O*NET does not publish % of the week.

Task	Share	AI	Adds
Run models, reserves and sensitivities. Estimate No public source pins this saving. It is an estimate of the method.	24%	55%	+13.2
Draft technical reports and memos. Estimate No public source pins this saving. It is an estimate of the method.	18%	48%	+8.6
Choose assumptions, tables and criteria. Estimate No public source pins this saving. It is an estimate of the method.	16%	22%	+3.5
Explain to the board and the supervisor. Estimate No public source pins this saving. It is an estimate of the method.	16%	15%	+2.4
Validate data quality and bias. Estimate No public source pins this saving. It is an estimate of the method.	14%	12%	+1.7
Signed opinion and professional liability. Estimate No public source pins this saving. It is an estimate of the method.	12%	18%	+2.2
Total	100%		32%

Modelled week 100% · Public evidence 0% · Estimate 100% · Confidence: Low

IS WORK OVER?

30%

#37 / 103

Cashier

Score = Σ (weight × saving). Weight is our estimate from frequency, not a time share published by O*NET. Saving is separate.

Weights are our estimate from O*NET frequency (FT). O*NET does not publish % of the week.

Task	Share	AI	Adds
Receive payment by cash, check, credit cards, vouchers, or automatic debits. Estimate No public source pins this saving. It is an estimate of the method.	9%	28%	+2.5
Issue receipts, refunds, credits, or change due to customers. Estimate No public source pins this saving. It is an estimate of the method.	7%	28%	+2
Greet customers entering establishments. Estimate No public source pins this saving. It is an estimate of the method.	7%	28%	+2
Answer incoming phone calls. Estimate No public source pins this saving. It is an estimate of the method.	7%	28%	+2
Establish or identify prices of goods, services, or admission, and tabulate bills, using calculators, cash registers, or optical price scanners. Estimate No public source pins this saving. It is an estimate of the method.	6%	28%	+1.7
Compute and record totals of transactions. Estimate No public source pins this saving. It is an estimate of the method.	6%	55%	+3.3
Request information or assistance, using paging systems. Estimate No public source pins this saving. It is an estimate of the method.	6%	28%	+1.7
Answer customers' questions, and provide information on procedures or policies. Estimate No public source pins this saving. It is an estimate of the method.	5%	28%	+1.4
Other less frequent tasks (weight estimated from frequency). Estimate No public source pins this saving. It is an estimate of the method.	47%	28%	+13.2
Total	100%		30%

Modelled week 100% · Public evidence 0% · Estimate 100% · Confidence: Low