In this session we will discuss what ChatGPT is, how it works, and what it has to say about reserving. Through actual questions submitted to ChatGPT we will investigate ChatGPT's understanding of actuarial methods, IBNR calculations, and actuarial judgement. We will also explore the potential for ChatGPT to run an analysis and potential professionalism considerations.
Learning Objectives:
Understand the basics and structure of ChatGPT
Explore applications for ChatGPT in reserving analyses
Judge the appropriateness of using ChatGPT for actuarial work and recognizing its limitations
