General Insurance

Climate Risk Management for Financial Institutions

The authors of 'Climate Risk Management for Financial Institutions' - a paper presented at the General Insurance Seminar in November 2016 - discuss how financial institutions can play a critical role in managing the potential financial risks posed by climate change.

A History of British Actuarial Thought

Craig Turnbull, Investment Director at Standard Life Investments (UK), recently published the book 'A History of British Actuarial Thought'. In this book, Craig illustrates the development of the actuarial profession within each of the three key practice areas of life assurance, pensions and general insurance.

Aftershock: Can ‘model change’ impact the real economy in New Zealand?

Alexander Pui discusses the interaction of catastrophe modelling, under-insurance, credit ratings, and interest rates. He warns of the potential spiraling of under-insurance that could be triggered by a higher evaluation of earthquake risk in New Zealand.

Practice Update videos now available

The Actuaries Institute has just released the first collection of Practice Update videos! See what each committee has been up to and also earn CPD points.

Construction of detailed correlation structures across GI business segments

In this article, Benjamin Avanzi, Greg Taylor, and Bernard Wong from UNSW have teamed up to illustrate the uses of large-scale correlation structures in General Insurance.

Young actuaries share their views on GIS2016

In this article, six young actuaries come together to share their experiences and takeaways from GIS2016.

GIS2016 Wrap up

GIS2016 was a truly thought provoking and relevant seminar for those in the general insurance industry who are constantly faced with challenges, especially around big data and cyber risk. This article wraps up the two day seminar that was held this month.

The NDIS: Today and Tomorrow

Actuary and Director of the National Disability Insurance Agency (NDIA), Jessica Twigg, reports on the current state of the NDIS and some important lessons gleaned from the trial period of the scheme.

Blockchain in Insurance

Dimitri Semenovich outlines some of the foundational concepts of blockchain technology, ahead of his upcoming presentation on the subject at the 2016 GI Seminar.

New products in cyber insurance

[VIDEO]: Sharanjit Paddam, Principal at Deloitte Actuaries & Consultants, interviews Emma Osgood – Senior Underwriter for Cyber Liability at Berkshire Hathaway Specialty Insurance on Cyber Insurance.

The Future of Transport – Smarter and Cleaner Solutions

Technology is transforming all facets of our lives, especially in forms of transportation. Roger Xie, student and part-time Actuarial Analyst at Cover-More Travel Insurance, illustrates a number of these changes and outlines how they affect the insurance industry.

Riding High on the Perfect Storm

The last few years have not been easy for general insurers. Strong competition and falling or flat premium rates have meant a pressing focus on efficiency and underwriting discipline. But could the cycle be about to turn? Win-Li Toh outlines the industry conditions ahead of her Plenary talk at the 2016 General Insurance Seminar.

Update on physical, transition and liability climate risks

An Actuaries Institute event last week explored case studies of the physical risks from natural disasters, transition risks for investors as economies adapt to low carbon emissions, and governance risks for trustees and boards of directors.

Insurance Contracts IFRS enters the Home Straight

In this article, IASC Convenor Grant Robinson illustrates the historical developments of a common way of reporting insurance contracts which started in 2005. He also shares details of future plans and potential impacts of the new process.

A Claim Pairing Approach to Measuring Superimposed Inflation

There are many ways of measuring superimposed inflation. In this article, Aaron Cutter of Finity explains how to measure superimposed inflation by pairing claims that ‘look-a-like’ - a technique adapted from home price inflation techniques.

2016 GI Glimpse seminar highlights

Following its success last year, the Actuaries Institute hosted the GI Glimpse seminar for the second time on 3 August 2016. Targeted towards the Institute’s younger members working in the general insurance industry, this half-day seminar aims to provide a snapshot of the topical issues currently faced by the general insurance industry. This year, the seminar focused on three topics: innovation, data analytics and cyber risk.

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Better Recovery through Neuroscience

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.

AI needs actuarial intelligence

Actuarial skills in experimental design could shape the way artificial intelligence (AI) works and drives business innovation, a Seminar in Sydney has heard.

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How to lose your shirt in private health insurance: Part two

Welcome to the final instalment of the two-part series! This article outlines ways in which capital can be managed to build resilience.

The Future of Financial Services – FSF 2016 Wrap Up

FSF2016 examined how disruptors will impact the financial services industry. It asked, how can actuaries reimagine their career in the future world? Where are the opportunities?

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