With its new podcast format FIT4AI, the Actuarial Data Science working group of the German Association of Actuaries (DAV) injects fresh momentum into the discussion around Artificial Intelligence (AI) in the insurance industry.
In the first episode of this special series, part of the DAV’s DENK LAUT podcast, hosts Prof. Dr Jonas Offtermatt (Corporate State University) and Prof. Dr Fabian Transchel (Harz University of Applied Science) welcome two distinguished guests: Prof. Dr Anja Schmiedt from OTH Regensburg and Dr Stefan Nörtemann from msg life. Both are heads of the Actuarial Data Science (ADS) working group and play a leading role in shaping the technical dialogue on AI at DAV conferences.
The aim of the series is clear: to make AI accessible and practical for actuaries – whether they are already data science experts or just beginning to explore the topic. Beyond imparting technical knowledge, the podcast also promotes a critical and responsible approach to the opportunities and challenges of AI.
Right from the first episode, the groundwork is laid. The discussion introduces the taxonomy of AI, machine learning, and deep learning – making it clear that AI is more than just a technical buzzword. Dr. Nörtemann, author of several books on the subject, offers a vivid historical perspective, tracing the roots of AI back to 1956. It becomes evident: the fascination with “artificial thinking” has accompanied humanity for decades. As the episode unfolds, the hosts and guests delve into the question of whether there is a true distinction between statistics and AI – or whether the boundaries are, in fact, fluid. Schmiedt offers one possible distinction: “Statistics is model-driven, machine learning is data-driven.” Yet the discussion reveals that it’s more of an interplay – between model complexity, data availability, and the intended application.
A central theme remains the role of actuaries. Schmiedt is convinced: “We actuaries are predestined for the use of AI.” With their strong mathematical training, deep understanding of insurance processes, and responsibility for fairness and risk assessment, actuaries are ideally positioned to help shape the transformation. This is particularly relevant when it comes to regulation, explainability, and ethical considerations – because AI must not become a “black box.” The episode also names some initial areas of application: from dynamic pricing and telematics in the automotive sector to tools for analyzing price elasticity. The hosts emphasize that it’s not about one big “killer app” – but rather about numerous smaller use cases that make processes more efficient, transparent, and user-friendly.
Future episodes of FIT4AI promise further insights into technology, regulation, generative AI, and real-world applications. The podcast is intended for everyone who wants to understand how AI is being integrated into the world of insurance – and what role actuaries can and should play in that journey. One thing is certain: anyone who wants to help shape the future must first understand what drives it.
The podcast – in German – is available on Spotify and here on actuview. The DAV welcomes feedback, comments, and practical examples from listeners.
