The AI Fundamentalists
The AI Fundamentalists
Dr. Andrew Clark & Dr. Sid Mangalik
Big data, small data, and AI oversight with David Sandberg
49 minutes Posted Dec 9, 2025 at 6:00 am.
Setting the stage: AI and insurance
Introducing David Sandberg
What AI is for: Speed and judgment
Responsible use, trust, and standards
Actuarial ethics versus data science norms
Human capital and "The Terminator" irony
Big bets on AGI vs real innovation
Decisions, not just processes
AI as prediction: Learn or drift
Big data’s limits and small data wins
Drift, process changes, and guardrails
Humans end-to-end, AI middle-to-middle
Enterprise risk management (ERM) for AI: Centralizing risk
Where humans belong in the loop
Building and validating models that last
Deterministic vs AI models: New governance
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Show notes
In this episode, we look at the actuarial principles that make models safer: parallel modeling, small data with provenance, and real-time human supervision. To help us, long-time insurtech and startup advisor David Sandberg, FSA, MAAA, CERA, joins us to share more about his actuarial expertise in data management and AI. We also challenge the hype around AI by reframing it as a prediction machine and putting human judgment at the beginning, middle, and end. By the end, you might think about ...