Articles tagged "Risk Management"

CareerView Podcast - The Path to Becoming a Chief Risk Officer

The next instalment of the CareerView Podcast series discusses the path to becoming a Chief Risk Officer from the experience of icare's 'Chief Risky Dude' Gavin Pearce

2018 Insurance CRO Forum

Three very different perspectives from a Strategist, a Board Director and an Innovator were presented at the annual Insurance CRO Forum at the Actuaries Institute.

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.

Social Risks for financial institutions - The Dialogue Podcast

The next instalment of the Dialogue Podcast series explores why conventional risk management may be failing Australia's financial institutions, which have been subjected to tougher regulations, and now a Royal Commission.

Chief Risk Officer Survey Results

Brett Riley reports on the results from the first survey of Chief Risk Officers by the Actuaries Institute.

AASB 17 Insurance Taskforce Update: Risk Adjustment and Discount Rate Work Stream

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

Q&A on 2017 ERM Seminar: Responding to Risk

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.

How to effectively influence and engage stakeholders

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.

Comments:1

Financial advice research

Can actuaries develop a science of planning that will provide a basis for the art of giving advice? Here, John De Ravin from the Actuaries Institute’s Retirement Incomes Working Group (RIWG), details the findings of a survey of 65 financial planners from a range of different business environments, and subsequent interviews with dealer groups, to uncover the state of play in industry practice.

Likes:1

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.

ANZIIF Partnerships – Creating a globally recognised standard for risk professionals

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.

What can you expect at the 2017 ERM Seminar?

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.

Stress Testing – Confluence of the Actuaries and Economists Viewpoints

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.

The Three Lines of Defence - where do actuaries fit in?

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.

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?

Drones in GI: Opportunities, challenges and risks

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.

Likes:1

The Model Validator’s Manifesto

Victory Idowu proposes a model validator’s manifesto— principles for model validation that enshrine best practice for actuarial models.

APRA Insights on Risk Culture

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.

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.

2016 ERM Seminar Review

On Tuesday 20 September the Actuaries Institute, with support from the Risk Management Practice Committee, held the eighth Enterprise Risk Management (ERM) Seminar. The conference was held the Forum at the Actuaries Institute’s Sydney offices and included 15 impressive speakers and strong media coverage. Brett Riley reports.

Also this month