IS WORK OVER?

Automation index

How much of a Actuary’s job can AI already do?

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

This percentage does not predict how many people will lose their jobs.

Task comparison

Actuary

Where the time goes

Task weights are our estimates based on O*NET frequency data, not time shares published by O*NET.

The time saving for each task is estimated separately.

TaskShareAIPoints
Run models, reserves and sensitivities.
Estimate

No public source provides a precise figure. This is our estimate.

24%55%+13.2
Draft technical reports and memos.
Estimate

No public source provides a precise figure. This is our estimate.

18%48%+8.6
Choose assumptions, tables and criteria.
Estimate

No public source provides a precise figure. This is our estimate.

16%22%+3.5
Explain to the board and the supervisor.
Estimate

No public source provides a precise figure. This is our estimate.

16%15%+2.4
Validate data quality and bias.
Estimate

No public source provides a precise figure. This is our estimate.

14%12%+1.7
Signed opinion and professional liability.
Estimate

No public source provides a precise figure. This is our estimate.

12%18%+2.2
Total100%32%

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

Skills and activities

  • Run models, reserves and sensitivities
  • Draft technical reports and memos
  • Choose assumptions, tables and criteria
  • Explain to the board and the supervisor
  • Validate data quality and bias
  • Signed opinion and professional liability
  • actuario
  • actuary

Sources for this job· O*NET 15-2011.00· ESCO/ISCO 2120

In-house counsel

Where the time goes

Task weights are our estimates based on O*NET frequency data, not time shares published by O*NET.

The time saving for each task is estimated separately.

TaskShareAIPoints
Contract, clauses and the risk.
Estimate

No public source provides a precise figure. This is our estimate.

18%48%+8.6
Sales, the close and not yielding the essential.
Estimate

No public source provides a precise figure. This is our estimate.

16%40%+6.4
Dispute, the procurator and not sleeping the deadline.
Estimate

No public source provides a precise figure. This is our estimate.

16%22%+3.5
Board, the memo and not dressing it.
Estimate

No public source provides a precise figure. This is our estimate.

16%28%+4.5
The CEO, the rush and not signing blind.
Estimate

No public source provides a precise figure. This is our estimate.

18%14%+2.5
Say no, and not leaving the company sold.
Estimate

No public source provides a precise figure. This is our estimate.

16%12%+1.9
Total100%27%

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

Skills and activities

  • commercial contracts
  • clauses
  • legal risk
  • the board
  • procedural deadlines
  • sales
  • not sign blind
  • legal memos

Sources for this job· O*NET 23-1011.00· ESCO/ISCO 2611

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