Actuarial Workflows Transformation with Agentic AI

This document is a technical report that outlines the integration of Agentic AI into actuarial workflows within the insurance industry. It describes the business challenges faced by actuaries, including the high costs associated with their roles and the inefficiencies stemming from repetitive tasks such as data cleansing and reporting. The report details how Agentic AI can improve operational efficiencies, reduce costs, and allow actuaries to focus on more strategic tasks like risk management. It also identifies technical challenges in deploying AI, such as data extraction from legacy systems and the need for subject matter expertise. The report presents a solution that includes building specialized AI agents to assist actuaries in transforming data and improving compliance through traceable workflows. Additionally, it discusses the potential benefits of implementing Agentic AI, including talent optimization, cost reductions, and enhanced business insights. The document emphasizes Kyndryl's expertise in AI integration and its framework for supporting businesses in their AI journey.