the actuarial bifurcation

Drafting in progress. I’ll come back to this soon.

The short version of where I’m going:

The classical track codifies what the profession has always done: exams, reserving, pricing within a known regulatory frame. The integrated track meets modern technology head-on: programmable infrastructure, AI risk, MGAs that look more like software companies than carriers. The interesting questions are at the intersection: methodology that’s old enough to be rigorous, applied to risks new enough that the existing toolkit only half-applies.