AI Act
Data quality
Artificial intelligence
Large language models
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Reading time ca.: 3 Minutes

Managing longevity risk: key figures for solvency

The increase in life expectancy influences the risk structure of life insurers. The precise measurement of this development is a key prerequisite for calculating an adequate equity base in order to cover risks and absorb losses. The previous standard models (Lee-Carter) are based on assumptions for the years 1956 to 2020, which no longer match the current data. Empirical data from countries with high life expectancy show a structural change. In Germany, Sweden and the Netherlands, a significant slowdown in life expectancy has been observed since 2011 according to mortality tables.

markus.dewendt@open-ls.de

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Abstract illustration of automated document processing Reading time ca.: 2 Minutes

Evolution in the context of AI efficiency through model symbiosis

The current development within artificial intelligence marks the transition from a phase of pure scaling to a phase of functional differentiation. Previous approaches, in which large language models (LLMs) run through complex thought processes autonomously step by step, lead to high quality results, but cause massive economic, compliance and energy overheads due to their enormous size.

markus.dewendt@open-ls.de

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Reading time ca.: 2 Minutes

LLMs and SLMs – Separation of information extraction and logical inference

In practice, the use of large language models often fails due to the efficient processing of extensive contexts. The sheer volume of data does not automatically lead to higher decision quality; the opposite is often the case. The correct selection of data as a foundation for reliable decisions therefore represents a strategic challenge with regard to the use of artificial intelligence in the context of language models.

markus.dewendt@open-ls.de

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Reading time ca.: 3 Minutes

AI law compliance: legally compliant implementation of the EU AI Act

The selection of specific model architectures as well as the optional fine-tuning or complete training of your own AI models are essential instruments for meeting the regulatory requirements of Regulation (EU) 2024/1689 (AI Act) and minimizing liability risks. The following text makes no claim to legal completeness, but is intended to provide interested readers with a good introduction to the topic.

markus.dewendt@open-ls.de

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