The U.S. National Flood Insurance Program is due to expire this year. As Congress currently carries out the reauthorisation process, Rade Musulin,Vice President of Casualty of the American Academy of Actuaries and CEO of FBAlliance Insurance, tells us about the program and discusses reforms Congress is considering for the future.
Posted on: April 6, 2017
Despite the rain the room was full when Dai Liu presented an Introduction to icare Insights Session at the Institute on 16 March, 2017. Jamie Reid reports on an informative session about the largest general insurance service provider in Australia.
Posted on: April 3, 2017
Member of the Climate Change Working Group, Wayne Kenafacke discusses the recent recommendations report from the G20’s Financial Stability Board’s Task Force on Climate-related Financial Disclosures.
Posted on: March 31, 2017
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.
Posted on: January 31, 2017
Craig Turnbull, Investment Director at Standard Life Investments (UK), recently published the book 'A History of British Actuarial Thought'. In this book, Craig illustrates the development of the actuarial profession within each of the three key practice areas of life assurance, pensions and general insurance.
Posted on: January 19, 2017
Alexander Pui discusses the interaction of catastrophe modelling, under-insurance, credit ratings, and interest rates. He warns of the potential spiraling of under-insurance that could be triggered by a higher evaluation of earthquake risk in New Zealand.
Posted on: January 12, 2017
The Actuaries Institute has just released the first collection of Practice Update videos! See what each committee has been up to and also earn CPD points.
Posted on: December 22, 2016
In this article, Benjamin Avanzi, Greg Taylor, and Bernard Wong from UNSW have teamed up to illustrate the uses of large-scale correlation structures in General Insurance.
Posted on: December 14, 2016
In this article, six young actuaries come together to share their experiences and takeaways from GIS2016.
Posted on: December 1, 2016
GIS2016 was a truly thought provoking and relevant seminar for those in the general insurance industry who are constantly faced with challenges, especially around big data and cyber risk. This article wraps up the two day seminar that was held this month.
Posted on: November 30, 2016
Actuary and Director of the National Disability Insurance Agency (NDIA), Jessica Twigg, reports on the current state of the NDIS and some important lessons gleaned from the trial period of the scheme.
Posted on: November 11, 2016
Dimitri Semenovich outlines some of the foundational concepts of blockchain technology, ahead of his upcoming presentation on the subject at the 2016 GI Seminar.
Posted on: November 2, 2016
[VIDEO]: Sharanjit Paddam, Principal at Deloitte Actuaries & Consultants, interviews Emma Osgood – Senior Underwriter for Cyber Liability at Berkshire Hathaway Specialty Insurance on Cyber Insurance.
Posted on: October 19, 2016
Technology is transforming all facets of our lives, especially in forms of transportation. Roger Xie, student and part-time Actuarial Analyst at Cover-More Travel Insurance, illustrates a number of these changes and outlines how they affect the insurance industry.
Posted on: October 14, 2016
The last few years have not been easy for general insurers. Strong competition and falling or flat premium rates have meant a pressing focus on efficiency and underwriting discipline. But could the cycle be about to turn? Win-Li Toh outlines the industry conditions ahead of her Plenary talk at the 2016 General Insurance Seminar.
Posted on: October 12, 2016
An Actuaries Institute event last week explored case studies of the physical risks from natural disasters, transition risks for investors as economies adapt to low carbon emissions, and governance risks for trustees and boards of directors.
Posted on: October 6, 2016
In this article, IASC Convenor Grant Robinson illustrates the historical developments of a common way of reporting insurance contracts which started in 2005. He also shares details of future plans and potential impacts of the new process.
Posted on: September 16, 2016
There are many ways of measuring superimposed inflation. In this article, Aaron Cutter of Finity explains how to measure superimposed inflation by pairing claims that ‘look-a-like’ - a technique adapted from home price inflation techniques.
Posted on: September 8, 2016
Following its success last year, the Actuaries Institute hosted the GI Glimpse seminar for the second time on 3 August 2016. Targeted towards the Institute’s younger members working in the general insurance industry, this half-day seminar aims to provide a snapshot of the topical issues currently faced by the general insurance industry. This year, the seminar focused on three topics: innovation, data analytics and cyber risk.
Posted on: August 24, 2016
An understanding of basic neuroplasticity could help make our worker’s compensation claims systems less harmful and more sustainable. Rob Aurbach outlines his award-winning research paper.
Posted on: August 23, 2016