Monthly Archives: August 2018

Actuaries Digital download and print edition - August 2018

Welcome to our PDF round-up of the articles posted on Actuaries Digital during August 2018.

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Update from the Retirement Incomes Working Group – August 2018

As Australia's population ages, issues have been recognised in the superannuation and pension systems. Anthony Asher gives an update of what the Retirement Incomes Working Group is doing to make positive changes to the current systems and guide future product design. 

Climate Change Blog – August 2018

The second instalment of the Climate Change Blog summarises news relating to litigation risk. This article series aims to cover news and events related to climate change and relevant to actuaries and the industries they advise. 

2018 Joint Regional Seminar Report

The 2018 Joint Regional Seminar (JRS) achieved a new record this year. attracting more than 1,000 delegates across the region, Kitty Chan reports.

In conversation with the Australian Government Actuary - Podcast with Guy Thorburn and Elayne Grace

As the office of the Australian Government Actuary (AGA) nears 100 years of service, Elayne Grace caught up with the current AGA Guy Thorburn, to find out what the office does.

AASB 17 Information Note: Insurance Contract Update

AASB 17 Implementation Taskforce releases the first operating version of the Information Note for practitioners.

Analytics Snippet: Multitasking Risk Pricing Using Deep Learning

Jacky Poon shows you how to build a risk premium pricing model using deep learning, in this example for a motor portfolio - a classic general insurance problem.

Dipping into Diversity: 'sound bites of thought' - The power of language in ‘fitting in’

How does the nature of the language and idioms you speak influence your perspectives? Here, Lesley Traverso, Convener of the Institute’s Diversity and Inclusion Working Group discusses a TED talk on this fascinating subject.

International CPD opportunities

There are over 30 committees, subcommittees, task forces, and working groups of the International Actuarial Association. These groups all commission, create and share content that may be relevant to Actuaries Institute members. Links to some of the content discussed at the recent meetings in Berlin, Germany are provided below.

Where Fun and Facts Collide - 2018 Sydney YAP Trivia Night

Participants in the recent Young Actuaries Program Trivia Night had the opportunity to network upon arrival and select their teammates for the night. Mariella El-Azzi reports on the successful event and tricky m&ms game of skill

The Critical Line - Volume 23

Dan Mayoh serves up a dicey problem for Volume 23 of the Critical Line. Plus, Oliver shares the solution to Volume 22 and its winner - who stood out by submitting an animated solution to the problem!

Fast five with Fintechs - M&A Solutions Ltd

In this instalment of 'Fast five with Fintechs', we ask Anna Knezevic about her experience setting up M&A Solutions Ltd, working on profit/capital optimisation based on incomplete data, and utilising data analytics to drive business insights.

I am an actuary

Becoming an actuary brings endless opportunities to your career including working abroad and in versatile industries. Discover what opportunities the profession has brought to six recently qualified actuaries. 

How to make flexible work arrangements work - CareerView Podcast

This instalment of the Institute's Diversity and Inclusion series asks the Chief Actuary at MLC Insurance, Darren Robinson, about his experience managing employees with flexible work (remote location and part time) arrangements. Darren discusses the value of an 'agile coach' in supporting part-time staff and how productivity, retention and morale can be affected by flexible working.

Data Science: golden age or AI winter?

Milton Lim assesses the risks (both upside and downside) of the data science revolution and considers how best to ride the “Big Data” wave in the firt instalment of a series that explores the breakthroughs and philosophy of AI, computer science and data.

Analytics at the Virtual International Congress of Actuaries (VICA)

With over 150 hours of presentations available from ICA2018 in Berlin, we’ve had a look at some of the videos relating to Data Analytics and picked out a handful for suggested viewing.

Why packages are the new black

Hugh Miller comments on the plethora of packages available to data scientists, and its implications for businesses.

Going global - Interviews with IAA representatives

Kirsten Flynn is a Member of the International Committee. In this article, she speaks to Brendan Counsell, Fred Rowley and Nicolette Rubinsztein about their involvement with the IAA and reflections on the recent IAA meeting in Berlin.

Private Health Insurance: metallic paint, game theory and product standardisation

The interaction of reforms to categorise all hospital insurance products into Basic, Bronze, Silver and Gold with the commercial and political environment will require careful planning and detailed risk assessment, writes Barry Leung.

The role of the actuary in social schemes – National Redress Scheme for Child Sexual Abuse

The Royal Commission engaged actuaries at Finity Consulting to conduct an actuarial assessment of the potential costs of an Australian National Redress Scheme, estimating it would cost around $4 billion. Here, Danielle Casamento discusses the estimates and the framework used for assessing liabilities.

Also this month