Brett Pickett is Head of Actuarial (Group Risk) at TAL and a member of the AASB 17 Insurance Taskforce. Here, Brett provides an update of the Taskforce's activities, including issues around risk adjustment and discount rates
Posted on: November 22, 2017
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.
Posted on: October 12, 2017
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.
Posted on: October 12, 2017
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.
Posted on: October 6, 2017
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.
Posted on: September 21, 2017
This student column, by Barry Sun from Macquarie University, delves into the issues surrounding longevity risk. Barry tells us what longevity risk is and summarises the work that is currently being carried out by academics and insurance professionals.
Posted on: August 24, 2017
Following the strong feedback received for last year’s event, the Actuaries Institute’s ERM Seminar is back in 2017. Brett Riley looks at the topic, speaker and opportunity line up.
Posted on: August 8, 2017
How can actuaries and quantitative professionals involved with stress testing help their organisations derive more value from the practice? Sen Nagarajan and Michael Thomas give us an overview of their 2017 Actuaries Summit presentation on stress testing.
Posted on: August 3, 2017
In the first instalment of this article, Brett Riley considered the background to the Three Lines of Defence (3LOD) model. Here, he considers how actuaries fit into this construction.
Posted on: July 20, 2017
The annual Insurance CRO Forum was held at the Actuaries Institute on Monday 19 June 2017. The aim of these forums is to get the Chief Risk Officers from life, general, health and lenders mortgage insurance companies together to discuss a topic of interest. Gavin Pearce reports.
Posted on: July 6, 2017
The Three Lines of Defence model is often cited in modern risk management. What is it and where do actuaries fit in?
Posted on: June 16, 2017
Drones are clever devices that are presenting a range of opportunities and challenges for insurers globally. Suba Chelva shares key takeaways from a Melbourne seminar on the Use of Drone Technology in the General Insurance industry.
Posted on: May 4, 2017
Member of the Climate Change Working Group, Wayne Kenafacke discusses the recent recommendations report from the G20’s Financial Stability Board’s Task Force on Climate-related Financial Disclosures.
Posted on: March 31, 2017
Sean McGing reports on the March 7 Insights Session which saw Fahmi Hosain, Head of Governance, Culture & Remuneration at APRA cover issues across banking, insurance and superannuation.
Posted on: March 21, 2017
The Equity Risk Premium (ERP) is a key component of every risk and return model in finance and reflects the price which investors place on equity risk. The ERP will impact decisions as diverse as how superannuation funds invest their assets, to the price at which regulated monopolies can charge for their products.
Posted on: March 8, 2017
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.
Posted on: January 12, 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
Tim Gorst, Senior Manager at the NAB, tells us about the increasing focus on risk culture in financial services and how the effective professional contributes to a strong risk culture.
Posted on: November 17, 2016
[VIDEO]: Sharanjit Paddam, Principal at Deloitte Actuaries & Consultants, interviews Emma Osgood – Senior Underwriter for Cyber Liability at Berkshire Hathaway Specialty Insurance on Cyber Insurance.
Posted on: October 19, 2016
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.
Posted on: October 6, 2016