FRC publishes updated actuarial guidance on the use of AI and Machine Learning – Financial Reporting Council

‘The Financial Reporting Council (FRC) has today published revised Technical Actuarial Guidance: Models, to support the growing use of Artificial Intelligence and Machine Learning (AI/ML) techniques in actuarial work. The updated guidance aims to support practitioners applying the principles-based Technical Actuarial Standard 100 (TAS 100) when using these techniques, ensuring the continued production of quality actuarial work in this rapidly evolving field.’

Link: https://www.frc.org.uk/news-and-events/news/2024/10/frc-publishes-updated-actuarial-guidance-on-the-use-of-ai-and-machine-learning/