AI Won't Replace Actuaries: Melissa McDermott on How AI Will Change (Nearly) Everything

Artificial intelligence is moving quickly, but the real question for actuaries is how to use it well and what it means for the profession.   In this episode of Actuary Voices, Everest's Chief Actuary Melissa McDermott shares what she thinks about her role. We go beyond technical expertise and look into what it means to be a leader and how to navigate the changing AI landscape. Drawing on nearly three decades in the profession, she discusses where AI is already making a real difference in actuarial workflows, what is still overhyped, how leaders can guide teams through transformation, and what early-career actuaries should focus on now to stay valuable in the years ahead. Additional Resources: Read the Academy's paper on generative AI: https://www.actuary.org/wp-content/uploads/2024/10/professionalism-paper-generative-ai.pdf Read President, Trica Matson's Message on Actuarial & Algorithmic Accountability: https://actuary.org/article/actuarial-algorithmic-accountability-setting-ethical-standards-for-ai/