General insurance: The wide-ranging implications of IFRS 17

The new accounting standard for insurance contracts, IFRS 17, will have wide-ranging implications for (re)insurers, and many firms are preparing for significant changes to their business operations.

2017 Insurance CRO Forum

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.

Will there still be actuaries in the year 2049?

You asked, and we listened! In this inaugural 'Ask an Actuary' column (since Bruce and Gae went underground) our anonymous actuary and resident mystery writer answers the burning question: will there still be actuaries in 2049?

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“There’s a BEAR in there” – The new financial services regime in Australia

Mark Baxter looks at the potential consequences of recently announced, significant extension to APRA’s powers relating to senior banking executives - will the Banking Executive’s Accountability Regime be a teddy BEAR or a grizzly BEAR?

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The Magic Pudding of Claim Farming

Geoff Atkins explores the escalating costs in CTP and motor insurance driven by the intervention of third parties.

Normal Deviance - Burying the GLM

My previous column praised the virtues of the generalised linear model. This month we dismember it and look to more modern approaches to fill the void.

Actuaries Digital download and print edition - June 2017

Welcome to our round-up of the articles posted on Actuaries Digital during June 2017.

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Thinking about life insurance through a genetic lens

Our ability to predict disease risk based on genetics is rapidly advancing. What does this mean for life insurance? Jessica Chen and Damjan Vukcevic share insights from their presentation at the Actuaries Summit 2017.

2017 Volunteer Cocktail Parties – Melbourne and Sydney

Committee and Volunteer Engagement Manager, Lily Meszaros reports on the annual Volunteer Cocktail Parties hosted by the Institute in Melbourne and Sydney this June, and highlights the recipients of the inaugural Volunteer of the Year Awards.

Normal Deviance - In praise of the GLM

In this column, we celebrate the success of the generalised linear model and explore why they are so popular. In its companion column, we’ll look at the model’s limitations and ask whether there are better alternatives.

The Challenge of Affordable Private Health Insurance

As health costs increase due to a range of demographic and other reasons, is Australia’s current private health insurance (PHI) system sustainable? Jamie Reid reports.

2017 Actuary of the Year nominations open

Nominations for the 2017 Actuary of the Year are now open. The Actuaries Institute encourages members to nominate a colleague who has made a positive contribution to the profession.

War Stories from Life Insurance Actuaries

Rickie Fong and Anna Byrne have prepared a recap of the recent insights session, 'War Stories from Life Insurance Actuaries', presented by Greg Martin, Richard Lyon and Grant Peters. The three presented a compact survival guide for fighting corporate wars.

Loss Coverage: Why Insurance Works Better with Some Adverse Selection

Here we speak with Guy Thomas, author of 'Loss Coverage: Why Insurance Works Better with Some Adverse Selection'. Guy explains the context of his recent publication and why loss coverage is important.

The Three Lines of Defence

The Three Lines of Defence model is often cited in modern risk management. What is it and where do actuaries fit in?

What you missed at the 2017 Future of Health Seminar

The annual Future of Health Seminar returned to Melbourne this year with a star line-up of speakers. Here is a summary of what you missed out on if you weren't there!

The Critical Line - Volume 13

Oliver Chambers brings us this month's Critical Line challenge: how to escape from the jungle.

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When life gives you lemons, make Lemonade - A Behavioural Science guide to Lemonade Inc.

Lemonade is the new New York based insurtech that is 'redefining everything we understand about insurance'. Leon Yan, Actuarial Manager at Cover-more introduces Lemonade and tells us why it works.

Welcome to the Institute’s newest members!

A warm welcome to the Institute’s newest members in Australia and overseas.

Leading the conversation

Elayne Grace, Deputy CEO and Head of Public Policy, introduces the Actuaries Institute’s new thought leadership series 'The Dialogue - leading the conversation'.