The Politics Actuary #7 — from the AI & the Actuary theme. Management wanted AI-first. Not everyone got the memo.

I expanded my IAS 19 analysis to 12 FTSE companies and derived a metric from public OCI data that reveals how well each scheme's assets track its liabilities: the hedge ratio. Five companies show ratios above 100%, consistent with leveraged LDI. Investment strategies have shifted dramatically since the 2022 gilt crisis — and the disclosure gap around leverage is a problem.

Four FTSE companies, 20+ data points each, one hour. AI-extracted IAS 19 pension disclosures from BT Group, BAE Systems, Tesco and BP — compared side by side.

AI is coming for most white-collar jobs. Blue-collar too, but it will take longer because of the delay before hundreds of millions of robots can be manufactured. So it is now vital for you to use AI to increase your productivity by a multiple.

I've been exploring AI Agents recently and they look extremely promising.  More on this in due course.

Microsoft's Natural Language Processing LUIS apps seem to be deprecated in favour of CLU but are currently difficult to migrate. However the LUIS apps still seem to work - for now at least!

My experience so far of Visual Studio 2022: the good (AI enabled Intellicode, being able to edit and continue during debugging), the bad (some false positive errors, need to revert to Visual Studio 2019 for adding code migrations via Package Manager Console). But overall I like it.

I gave a presentation to the Channel Islands Actuarial Association earlier today, and a similar one earlier this year to the Staple Inn Actuarial Society. I provided copies of the materials I used to those two Societies, but I have had a few requests for a copy from other people: ...

Yesterday I completed what I have found to be the most demanding course so far on the Microsoft Professional Program for Artificial Intelligence , Reinforcement Learning Explained . It took me 66.5 hours (more than twice as long as previous edX courses have taken me) and my final mark was ...

Further to this post , I'm very pleased to have been re-elected to the Council of the Institute and Faculty of Actuaries for what will now be my third term (for 3 years from 2019 to 2022). Many thanks to all those who supported me, and indeed all those who ...