Actuaries, economists and statisticians
Actuaries, economists and statisticians apply theoretical principles and practical techniques to assess risk and formulate probabilistic outcomes in order to inform economic and business policy, and to analyse and interpret data used to assist in the formulation of financial, business and economic policies in order to maximise growth or improve business performance.
Task Bundle Breakdown
How AI interacts with this occupation's task bundle
Task-by-Task Breakdown
Every task scored individually — sorted highest to lowest AI exposure
designs and manages surveys and uses statistical techniques in order to analyse and interpret the quantitative data collected
AI tools like Python-based survey analytics, Power BI Copilot, and platforms such as Qualtrics with AI features can automate survey design, data cleaning, and quantitative analysis at scale with minimal human input.
uses appropriate techniques and theoretical principles to determine an appropriate method of data collection and research methodology, analyse and interpret information gained and formulate recommendations on issues such as future trends, improved efficiency
AI tools such as AutoML platforms, R Copilot, and ChatGPT Code Interpreter can suggest methodologies, run analyses, and interpret statistical outputs, though selecting the right approach and contextualising findings still demands expert judgment.
uses a variety of techniques and theoretical principles to establish probability and risk in respect of e.g. life insurance or pensions
AI-powered actuarial platforms and tools like Python with scikit-learn or specialised actuarial software can accelerate risk modelling and probability calculations, but regulatory sign-off and model validation remain human responsibilities.
assesses the objectives and requirements of the organisation seeking advice
AI tools like ChatGPT or Claude can help structure initial needs assessments and generate checklists of questions, but understanding organisational context and stakeholder nuance still requires experienced human judgment.
provides economic or statistical advice to governments, commercial enterprises, organisations and other clients in light of research findings
AI like Claude or ChatGPT can draft advisory reports and policy briefs from research findings, but translating nuanced economic insights into actionable client-specific recommendations requires human expertise and accountability.
addresses seminars, conferences and the media to present results of research activity or to express professional views
AI tools like Gamma or Beautiful.ai can help prepare presentation materials, but live delivery, handling audience questions, and projecting professional credibility at conferences remain distinctly human skills.
ROI Calculator
Actuaries, economists and statisticians
This is not a pay rise — it's 735 hours of productive capacity that AI could return to you, valued at your current rate.
The portion of your current salary tied to tasks AI can automate or augment. Not a prediction of job loss — a signal of where your role is changing fastest.
How is this calculated?▾
Task weights — each task is weighted by its O*NET frequency rating. Where frequency data is absent, equal weighting is applied.
AI time reduction — tasks scored as "AI Automates" assume 80% time saving; "AI Assists" assumes 40%; "Human-Led" assumes 5%.
Salary equivalent — annual hours saved × (salary ÷ 1,800 working hours/year).
Value at risk — salary × share of role time in AI-automate or AI-assist tasks.
Figures are indicative estimates for planning purposes, not guarantees of productivity gain or job loss risk.