Stephen Lowe, former managing director at Willis Towers Watson and past President of the Casualty Actuarial Society, shares his views on the benefits of combining actuarial knowledge and data science. This is part one of a two-part series, focusing on the requisite skills and technological advances driving current data science innovations.
Posted on: January 2, 2018
Brett Riley reports on the results from the first survey of Chief Risk Officers by the Actuaries Institute.
Posted on: December 13, 2017
The Institute’s Council recently recruited members to join the newly established International Committee which replaces the existing International Council Committee. Here, Martin Stevenson explains a little more about it.
Posted on: November 27, 2017
Six months ago, Zeming Yu stumbled upon data analytics ‘meetups’ and he’s never looked back. Here, he outlines the wealth of learning (and pizza) he’s gained since making the discovery.
Posted on: October 19, 2017
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.
Posted on: September 21, 2017
Last year 163 participants answered 20 demanding propositions put to them as if they were an Investment Analyst / Economist in the Wealth Management Investment Competition. Overall the profession did pretty well with a 62% hit rate. Some did very well – two with 100% hit rates - while others have much explaining to do! Are you willing to go again for 2017-18?
Posted on: July 27, 2017
A trio of former work colleagues ‘the Nelson Boys’ won the 2016 Actuaries Kaggle Competition to predict the cost of motor vehicle accidents on Victorian roads.
Posted on: March 31, 2017
Bronwyn Hardy and Barry Leung outline the Actuaries Institute's updated online Private Health Insurance CPD Course in light of significant changes in the private health insurance sector.
Posted on: March 21, 2017
Disability cover has received considerable media attention recently which has led to significant analysis and review from superannuation funds and their insurers (and reinsurers) on several key issues. Here, Senior Consultants at Rice Warner, Geoff McRae and Andrea McDonnell, outline the issues and the future of this evolving provision.
Posted on: January 31, 2017
Dimitri Semenovich outlines some of the foundational concepts of blockchain technology, ahead of his upcoming presentation on the subject at the 2016 GI Seminar.
Posted on: November 2, 2016
Director of Data Science Inna Kolyshkina and Scheme Actuary at ReturnToWorkSA Ivan Lebedev combine forces to explain a project undertaken to explore the usefulness of advanced data analytics capability for ReturnToWorkSA.
Posted on: September 16, 2016
An understanding of basic neuroplasticity could help make our worker’s compensation claims systems less harmful and more sustainable. Rob Aurbach outlines his award-winning research paper.
Posted on: August 23, 2016
Actuarial analyst Amy Li outlines some of the weirder headlines flowing on from various brands and insurers jumping on the Pokémon GO bandwagon, and how the ‘gamification of exercise’ and augmented reality could transform insurance.
Posted on: August 11, 2016
With the Rio Olympics around the corner, the Olympic motto “Citius, Altius, Fortius” (Faster, Higher, Stronger) offers a topical yet trenchant inspiration as to how actuaries should be critically examining their roles, careers, and potential. Marc Mer, Magnolia Aspiras, and Kaise Stephan consider this, especially in light of the APRA consultation paper on the role of Appointed Actuaries.
Posted on: July 28, 2016
How long has the concept of Data Science been around and what are the best tools available for mining 'big data'? A new MOOC coordinated by the Actuaries Institute's Data Analytics Working Group presented the latest knowledge in this exciting field. Course participant Kriti Khullar AIAA, reports.
Posted on: July 28, 2016
A lack of reliable data on cyber risk should be a short-term problem as the market matures, write actuaries Susie Amos and Alina Pettifer in the final instalment of this Two Part series on insuring cyber risk.
Posted on: July 7, 2016
What are the risks and opportunities in defining and pricing insurance cover for cyber risk? Actuaries Susie Amos and Alina Pettifer explore concerns about coverage in Part One of this Two Part series.
Posted on: June 29, 2016
In this first instalment of a two-part series, actuaries working in the Private Health Insurance (PHI) industry examine the prudential risks to capital in PHI in Australia.
Posted on: May 26, 2016
John Trowbridge is calling for life insurance companies to create more innovative ways to interact with customers. Here, he outlines his recent address to the March 2016 FSC Life Insurance conference.
Posted on: March 24, 2016
Actuary and JP Morgan Insurance Analyst Siddharth Parameswaran reports on the revised reforms of the Australian life insurance industry.
Posted on: December 3, 2015