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Tender Details
- Country: United Kingdom
- Summary: Research Services - Artificial Intelligence (Ai) and Machine Learning (Ml) in Actuarial Modelling in the Uk
- GBT Ref No: 68111651
- Deadline: 15 Aug 2022
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: Public
- Tender Value: 50000
- Notice Type: Tender
- Document Ref. No.: FRC2022-0142
- Purchaser's Detail :
- Description :
- Title : Research Services - Artificial Intelligence (AI) and Machine Learning (ML) in Actuarial Modelling in the UK
Location Of Contract : EC2Y 5AS
Industry : Research and development services and related consultancy services - 73000000
Value Of Contract : £42,000 to £50,000
Description : The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit, and high-quality risk management.The use of Artificial Intelligence (AI) and Machine Learning (ML) is growing in actuarial modelling. The Institute and Faculty of Actuaries (IFoA), the UK's professional association for actuaries, has been encouraging education and training in these techniques among its members and recently launched a data science certificationThe objective of this research is to learn more about the role of AI/ML in UK actuarial modelling practices across pensions, life insurance, general insurance, and wider fields (e.g., banking and investment). It will also compare the extent of AI/ML deployment by the actuarial profession with that of other similar professions. The overall purpose of the research is to improve our understanding of new risks that AI/ML might bring to the quality of actuarial work. To do this, the research will address the fo... - Documents :
Purchaser : THE FINANCIAL REPORTING COUNCIL LIMITED
8Th Floor,125 London Wall LONDON EC2Y5AS England
Contact Person : Head of Procurement
Email :procurement@frc.org.uk
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