Virtual Summit Snapshot – Week Two

The 2021 All-Actuaries Virtual Summit kicked up a gear throughout Week Two, with a bumper 18 Plenary and Concurrent sessions squeezed into four info-packed days between Tuesday 4 May and Friday 7 May.

General Insurance Plenary: Recent developments in understanding natural climate variability

Presented by Tim Andrews and Tatiana Potemina. Chaired by Ramona Meyricke.

Among the week two action were two Plenary sessions. General Insurance (GI) actuaries were given the limelight on Wednesday 5 May, off the back of the GI-specific Plenary ‘Recent developments in understanding natural climate variability’.

The Plenary was presented by Tim Andrews (Chief Operating Officer of Analytics, Chubb) and Tatiana Potemina (Natural Perils Senior Pricing Advisor, Suncorp Group) and Chaired by Ramona Meyricke (Director, Taylor Fry). Among many other factors, the key learnings from this Plenary focused on the latest scientific literature on the main drivers of natural climate variability that impact Australia and discusses their relevance to Australian insurers.

In the leadup to the Virtual Summit, Tim and Tatiana joined Simone Collins (Senior Actuary, Picnic Labs + Picnic Syndicate, and Curator of the GI practice area for Virtual Summit), to discuss the key takeaways from this session, as well as which GI and broader fields concurrent sessions they are looking forward to attending. Listen to the podcast.

Keep an eye on Actuaries Digital for a recap of this Plenary session, to be published this week.

 

Today at 12pm, Tatiana Potemina and Tim Andrews will discuss ‘Recent Developments in Understanding Natural Climate…

Posted by Actuaries Institute on Tuesday, May 4, 2021

Cross-practice Plenary: Decarbonisation – what it means for the future of the Australian Economy

Presented by Kristian Kolding, Jillian Broadbent, Rade Musulin and Geoff Summerhayes. Chaired by Nicolette Rubinsztein.

The second and final Plenary session for Week Two catered for actuaries and delegates with backgrounds in all practice areas. Titled ‘Decarbonisation – what it means for the future of the Australian Economy’, Kristian Kolding (Partner, Deloitte Access Economics), Jillian Broadbent AC, Rade Musulin (Principal, Finity Consulting), and Geoff Summerhayes discussed how decarbonisation will change business, jobs, and energy prices. In light of that, the panel discussed how actuaries can help business and government adjust to the massive change decarbonisation will bring to the economy.

Chaired by Nicolette Rubinsztein (2019 Actuaries Institute President), Nicolette commenced the Plenary by emphasising that the decarbonisation of the Australian economy will be the most importance societal theme for the next two decades.

“Things are moving unbelievably quickly, and in my mind, the funnel of uncertainty has been narrowing,” Nicolette commented to set the scene for the Plenary discussion.

A full wrap of this Plenary session will be available on Actuaries Digital towards the end of this week.

With a further 16 Concurrent sessions scheduled in Week Two, delegates were truly spoiled for choice with at least four Concurrents occurring every day outside of the Plenaries. Click here to view to full program snapshot.

Additional Virtual Summit coverage on Actuaries Digital

To be published on Actuaries Digital this week, General Insurance Editor Joseph Hoang-Luu summarises the Concurrent sessions ‘Deep Fried Bananas: From wholesome to gruesome (and back again?)’, presented by Tim Spicer on Tuesday 4 May, and ‘A Mutual Renaissance’, presented by Charles Pollack on Wednesday 28 April.

Meanwhile, further coverage will be provided from the Actuaries Institute on the Concurrent sessions ‘Viewing on the Actuarial Talent Pool from the Insurance Industry CFO’s – Featuring key points from in depth discussions with the CFO’s on this topic’, ‘Mental Health and COVID’ and ‘Excess Mortality in 2020’ across Actuaries Digital.

Recently, Hugh Miller (Principal, Taylor Fry and Data Analytics Editor at Actuaries Digital), covered the Concurrent titled ‘The Discriminating (Pricing) Actuary’, presented by Fei Huang and Edward (Jed) Frees on Friday 30 April. Read it here.

Additional analysis of a selection of Concurrent sessions and all Plenary sessions will be published across Actuaries Digital throughout the duration of the Virtual Summit. View all reports from the Virtual Summit so far.

The week ahead

The Virtual Summit continues today with four sessions, including the Investment and Wealth Management Plenary titled ‘Markets Panel: Where Next?’, presented by Dom Giuliano, Colin Grenfell, David Lau, Henry Lau, and Linda Cunningham. All up, 22 sessions will be delivered in Week Three, including an additional two Plenary sessions.

In-person networking will take place on Tuesday 11 May, as President Jefferson Gibbs and Senior Vice President Annette King host face-to-face event in Brisbane. On Friday 14 May, there will also be a virtual networking event hosted by Councilors Jules Gribble and Darren Stevens. Click here for more information on in-person and virtual networking sessions.

Be sure to keep an eye on Actuaries Digital for further summary reports on each Plenary session and various Concurrent sessions throughout the course of the Virtual Summit.

Read further Actuaries Digital coverage of the 2021 All-Actuaries Virtual Summit.

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