This blog post was first published in the October 2022 edition of The Actuary magazine.
The term “metaverse” first appeared in the science fiction novel, Snow Crash. In Neal Stephenson’s seminal novel published in 1992, the metaverse is a “computer-rendered imaginary place” that users access by wearing “goggles that wrap halfway around the head”. What was once a niche nerdy term has exploded into mainstream consciousness. Hitherto the domain of science fiction, the metaverse is slowly becoming a reality.
This blog post was first published in the July 2021 edition of The Actuary magazine. I wrote it as a call to arms for actuaries to learn about blockchain, and to start building on decentralised networks. Further reading and learning resources are at the bottom of the post.
The actuarial profession has historically thrived in the insurance and risk management industries. While many of us have moved successfully to “non-traditional” actuarial areas, the profession has more to do to become the “revolutionary” elite Elon Musk hoped for when he tweeted about hiring actuaries to develop Tesla’s insurance proposition. The imminent arrival of fully autonomous vehicles is just one of a number of technological megatrends which are poised to change our industry and how we work.