IFRS 17 – on the home straight

IFRS 17, the new standard for ‘insurance contracts’, becomes effective from 1 January 2023. What are the key changes of the transition from IFRS 4 to IFRS 17, and how will the financial information presented by insurance companies change in the new year?


UNSW Data Analytics Sandbox empowers young actuaries to help solve industry problems

How can we predict building claims costs in Small Medium Enterprises (SME) across Australia using advanced statistical machine learning techniques? Or group and price hundreds of different industries based on data and business knowledge? How should we deal with sparse data spread across hundreds of categories? Commercial insurers are searching for solutions to these ongoing industry challenges, as well as young talents to contribute to their solutions. Dr Fei Huang describes the UNSW Business School’s Sandbox Project, which aims to do just that.