Research on the Use of Ai and other Disruptive Technologies Tender

• Country: United Kingdom
• Summary: Research on the Use of Ai and other Disruptive Technologies in Actuarial Work
• GBT Ref No: 135777685
• Deadline: 23 Mar 2026
• Financier: Self Financed
• Purchaser Ownership: Government
• Tender Value: Refer Document
• Notice Type: Tender
• Document Ref. No.: FRC2025-168
• Purchaser's Detail:
  Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details.

  Login to see details
• Description:
• The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. As the Competent Authority for audit in the UK, we set auditing and ethical standards and monitor and enforce audit quality. The purpose of the FRC is to serve the public interest and support UK economic growth by upholding high standards of corporate governance, corporate reporting, audit and actuarial work. The FRC is seeking research on the use of artificial intelligence (AI) in actuarial work. Actuaries are increasingly integrating artificial intelligence (AI) into their workflows. There are several areas where actuaries are becoming more exposed to AI, including: •The use of AI within actuarial models and technical processes •AI models, provided by third parties, acting as a direct input to actuarial models •Changes to the information that is used as inputs to actuarial models. For example: o The underlying environment being modelled by actuaries is undergoing material transformation as organisations adopt AI and other disruptive technologies within their operations o Data is becoming less transparent as data providers are increasingly using AI to generate, process or shape data • AI tools such as large language models (LLMs) playing a growing role in supporting and enhancing actuarial analysis The aims of this project will be to provide updated evidence to enhance the FRC's understanding of: •The technical a...
• Documents:

 Tender Notice