The Actuaries Institute’s Pre-Budget Submission encourages timely Government action to introduce and promote Comprehensive Income Products for Retirement (CIPRs); facilitate the rationalisation of life insurance legacy products; and implement stronger risk mitigation measures to protect against the potential impacts of climate change.
Posted on: January 25, 2017
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.
Posted on: January 19, 2017
After a frustrating visit to a financial planner to reassess his life insurance cover, Angat Sandhu considers issues in the life insurance underwriting process and how the industry might “retain the soul, but design a new body”.
Posted on: January 11, 2017
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.
Posted on: December 22, 2016
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.
Posted on: September 16, 2016
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.
Posted on: September 8, 2016
Institute President Lindsay Smartt shares some thoughts on the current review of the Appointed Actuary role.
Posted on: August 25, 2016
[VIDEO]: An aggressive risk appetite and “allowing people to fail” has been key to CEO Richard Enthoven’s success. Here, he reflects on Hollard’s appetite for innovation and why actuaries will 'have a field day' in the next ‘blockbuster’ moment coming for the insurance industry.
Posted on: June 30, 2016
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?
Posted on: May 27, 2016
Sean McGing and Andrew Brown share their research and ideas on risk culture in banking and life insurance practices.
Posted on: May 23, 2016
Ilan Leas has a whimsical outlook, on how the future of Life Insurance connects to a Dr Seuss Book.
Posted on: May 11, 2016
With major consultation activity underway across senior life insurance executives and consumer groups in the lead up to 1 July 2016, we interviewed Sarah Phillips, Financial Services Council Policy Consultant (Life Insurance) on the FSC’s critical work to help restore confidence in the life insurance industry.
Posted on: April 14, 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
Chief Editor Trang Duncanson reflects on the 2016 FSC Life Insurance conference and the need to work together to renew industry focus on customers.
Posted on: March 22, 2016
In the second instalment of this series, Phil Stott shares his opinion on the benefits of thinking strategically about core technical processes.
Posted on: February 25, 2016
Actuary Jennifer Lang investigates the latest mortality rate knowledge in Australia in light of recent coverage in the United States.
Posted on: January 27, 2016
In the first instalment of this series, Phil Stott shares his opinion on why actuaries must think strategically about technical processes to survive and thrive in a changing market.
Posted on: January 14, 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
The 12th Annual Australian Insurance Industry Awards showcased the unique contribution of actuaries to the industry. ANZIIF's Dimity Mannering reports.
Posted on: September 28, 2015
Sugar is everywhere. But, as actuaries, do we really understand the impact it has on our health, and how we can better allow for sugar intake in underwriting? Jean Eu investigates.
Posted on: September 23, 2015