AI actuarial prompts

A Bowtie Risk Analysis

Have you ever wanted to carry out a risk analysis on a particular risk? Gain some additional analysis insights via this prompt.

Caveat: Always remember ChatGPT is not always 100% correct. It is prone to ‘hallucinations‘ and hence you should keep this in mind when reading responses and fact check things if necessary.

Let’s see it in action…

The Prompt

The Output (I asked it to run 2 versions)

Here’s the generic prompt so you can copy & paste it, and try it yourself:

Generate the content for a risk bowtie diagram for the risk event [insert risk event]. Use your words to describe the relationships between causes, the event, consequences and controls.