APRA releases new paper on the role of the Appointed Actuary

Author of Actuarial Eye, Jennifer Lang, shares her views on APRA's recent release on the role of the Appointed Actuary. APRA released a consultation package with proposals on how the role should be changed and is asking for written responses by 15 December. 

Q&A on 2017 ERM Seminar: Responding to Risk

On Wednesday 13 September the Actuaries Institute, with support from the Risk Management Practice Committee, held the ninth Enterprise Risk Management (ERM) Seminar. The conference was held the Forum at the Actuaries Institute’s Sydney offices and included an impressive range speakers and strong media coverage. Here, Nick Cowdery, from the Seminar organising committee, speaks with newly appointed Chief Risk Officer Colin Weir about his view of the Seminar content and its value to those in a CRO role.

How to effectively influence and engage stakeholders

Gloria Yu from the Institute’s Risk Management Practice Committee reflects on an Insights session presented by Kate Lyons, Executive Manager Capital & Reinsurance of Suncorp, about how to effectively influence and engage stakeholders.

Financial advice research

Can actuaries develop a science of planning that will provide a basis for the art of giving advice? Here, John De Ravin from the Actuaries Institute’s Retirement Incomes Working Group (RIWG), details the findings of a survey of 65 financial planners from a range of different business environments, and subsequent interviews with dealer groups, to uncover the state of play in industry practice.

Behavioural economics and fraud under microscope at IDSS

Fraud poses a critical risk to the sustainability of injury and disability schemes across Australia. Ahead of the 2017 Injury and Disability Schemes Seminar (IDSS), Hugh Miller outlines where fraud risk will be discussed in the Program, as well as opportunities to improve outcomes in the industry through behavioural economics.

The Critical Line – Volume 16

Our resident columnist Oliver Chambers delivers a perfect power puzzle for Volume 16 of The Critical Line.

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Normal Deviance - A Tale of two CT(O)s

A big data parable, wherein Alice learns steady steps and Bob aims big.

Michael Rice named 2017 Actuary of the Year

The Actuaries Institute today announced Michael Rice as Actuary of the Year for 2017. Michael is CEO of Rice Warner and well known as a fearless advocate for good public policy across Australia’s superannuation and retirement sectors.

AASB 17 Insurance Taskforce Update – September 2017

The previous AASB 17 Insurance Taskforce update on insurance contract accounting implementation looked at the BBA Drafting Group and particularly focused on the issue of coverage units. This time, its focus falls on the Variable Fee Approach (VFA) work-stream, headed by David Rush.

IDSS to tackle mental health and insurance challenges

Mental health is a key theme at this year’s Injury and Disability Schemes Seminar (IDSS). Here, Hugh Miller outlines some of the issues - including exercise benefits, best practice claims management, and secondary harm - that will be explored by speakers in depth.

Actuaries Digital download and print edition - August 2017

Welcome to our round-up of the articles posted on Actuaries Digital during August 2017.

President’s Column – towards an equal playing field

Actuaries Institute President Jenny Lyon comments on the lack of diversity in leadership roles across Australian businesses, and draws our attention to the terminology actuaries use to define themselves. The impact of both issues is important as the Institute’s Council sharpens it’s focus on diversity.

Jobs for Actuaries – past, present and future

A recent survey by the Actuaries Institute asked members about their education, employers and job functions (past and present), and where they expect and hope to be in 10 years’ time. Deputy CEO of the Institute Elayne Grace reports on the findings.

ANZIIF Partnerships – Creating a globally recognised standard for risk professionals

Danielle Di Sano reports on new partnerships between overseas risk associations and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) that aim to promote risk management as a profession and create a globally recognised standard for risk management professionals.

Scratching the surface of economic transition in China

Since the Life Insurance and Wealth Management Sub-committee put together the first instalment of their China Series in March this year, Henry has had the opportunity to experience Chinese culture first-hand, by spending a week there in June.

The ADI 2007-11 Table in Practice

After attending last month's Insights Session on Australian Disability Income Table, Graham Kelly provides a comprehensive overview of the session that covered implementation, key learnings, strengths and cautions. 

Reflections on the AASB17 Implementation Taskforce’s Member Insights Session

Trang Duncanson reports on the AASB17 Implementation Taskforce’s Member Insights Session last week.

Bringing Analytics to Life

Basem Morris reports on the intersection of predictive analytics and behavioural science to reveal some fascinating insights.

Stats, nothing but stats

Jennifer Lang, author of the blog Actuarial Eye, writes about her recent experiments with the 'Census table builder' - a data tool that includes a map visualisation function. 

Leadership Training in the HEC Paris MBA

What’s next after Part III exams? After qualifying as a Fellow in 2015, Milton Lim decided to explore the wider opportunities and insights available from the international business world with the double degree program at HEC Paris MBA and the London School of Economics MSc in Analytics / Data Science.