By Australian Financial Review
Publication Date: 2025-12-09 22:01:00
Victor Bajanov, head of AI transformation at Quantium.
“The real question is: How does this business work? What are its goals, challenges and opportunities? Actuaries are trained to connect business problems with technical solutions so that AI delivers real value,” says Bajanov.
Long associated with insurance and pensions, actuaries specialize in converting uncertainty and risk into numbers that decision-makers can use, providing a systems perspective to problems that are too complex for any one area.
They specialize in identifying key drivers in overwhelming data sets, translating them into actionable insights, and testing assumptions using scenarios rather than linear forecasts.
They also help boards make sense of the dashboards and results that now flood decision-making environments.
“Boards need to be confident that what they see is accurate and trustworthy,” says Elayne Grace, CEO of the Actuaries Institute. “More data doesn’t automatically mean better…”
