General Insurance

YAP Workshop - Climate Data and Insurance

Participants of a recent YAP Climate Workshop were asked to cast their minds forward to 2025 in a fictitious scenario where the small town of Derby, WA – now 'New Derby' – is a similar size to Darwin with a population of 100,000.

IFRS 17 Taskforce Update - March 2018

This article reports on the new AASB 17 Insurance Contracts Information Note, released on 8 March 2018, to support actuaries in Australia and NZ in the application of IFRS17.

Genetics - The Dialogue Podcast

The next instalment of the Dialogue Podcast series explores the broader future implications of genetic testing for society, medical professionals and the insurance industry, featuring co-author Jessica Chen.

Five things we learned networking in London

The London Australian Actuaries Network reports on its December mission to combine networking with one of the great institutions of British culture – pints at a pub.

Climate Risk Fluency Series – Part One

With Part Two of the Climate Risk Fluency series fast approaching, APRA's David Jenkins gives us a taste of what to expect by reporting on the highlights (including insights from the BOM and CSIRO) from the Part One seminar.

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The reinsurance underwriting cycle: a simple supply and demand story

Richard Hartigan discusses the drivers of the reinsurance underwriting cycle and his theory on the next ‘market turning event’.

Can “traditional” actuarial methods be sexy?

Amongst much talk about data science and new analytics techniques, Ashish Ahluwalia challenges the profession to be bold in sticking to their roots and take their toolkit of ‘traditional’ actuarial methods into a broader industries outside of insurance.  

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2018 Agenda – Key themes for financial services players

Chief Editor Angat Sandhu's first Editorial focuses on key themes at play in our industry, from regulatory paradigm shift, to heightened customer expectations, and finding efficiency though technology and data analytics.

Climate Risk Disclosure - The Dialogue Podcast

In this first episode of the Dialogue Podcast series, Andrew Doughman questions Sharanjit Paddam, Principal at Deloitte, on his Dialogue thought leadership paper 'Climate Risk Disclosure, Financial Institutions Feel the Heat'.

Why is health insurance getting more expensive?

Positive reform of health insurance affordability in Australia is only possible if the root causes of premium inflation are understood. Here, Simon Lim of the Institute’s Health Practice Committee tackles this complex issue.

How do we fund future resilience from natural disasters?

Ahead of this year's Catastrophe Risk Seminar, Sharanjit Paddam explains why it's important to discuss issues around funding natural disasters in Australia. He also highlights what delegates can look forward to on the day. 

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ACT CTP Scheme Reform: An Experiment in Democracy

The ACT government decided to pilot a Citizens’ jury to consider how the ACT CTP scheme can be improved. Geoff Atkins was invited to be part of the jury as an expert adviser and here, he shares his experience with the profession.

What you missed at the 2017 Injury and Disability Schemes Seminar

The 2017 Injury and Disability Schemes Seminar welcomed over 300 delegates to Sofitel Brisbane Central this week. With over 50% of delegates being non-actuaries, there was a great diversity of thought and experience presented in four plenary and 48 concurrent sessions.

Workplace rehabilitation services need shake-up - Opinion

icare’s Group Executive Workers Insurance, John Nagle, says the transformation within injury and disability schemes discussed at this week's IDSS, aligns closely with icare’s focus on the needs of the injured worker and improving workplace safety.

Mental Health and Insurance - finding a better way

Co-author of the Institute's latest Green Paper 'Mental Health and Insurance' lets us in on the work behind the scenes, and tells a story to get us thinking - how can we find a better way to insure mental illness?

Actuaries report takes the lead in national mental health and insurance conversation

Lucy Brogden, Co-chair of the National Mental Health Commission thanked and congratulated the Actuaries Institute on a "timely" report at the 'Mental Health and Insurance' Green Paper media launch.

An update from the Premium Allocation Approach work stream

Here, Brendan Counsell of the Institute of Actuaries’ AASB 17 Implementation Taskforce provides an update on the ‘premium allocation approach’, or PAA to assist Australian actuaries involved in implementing the new accounting standard. 

The role of the Appointed Actuary and actuarial advice within insurers - APRA Insights Session

Amit Jeena covers the Institute's latest Insights session on APRA's paper the “Review of the role of the Appointed Actuary and actuarial advice within insurers”, presented by Peter Kohlhagen, senior manager in APRA’s policy development area.

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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.

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.

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