More than 230 delegates gathered at the Sofitel in Sydney this week for the 2018 General Insurance Seminar. The event set out to inspire attendees to "Transform the Future" of the industry with Day One sessions including Consumer Trust, Mental Health, Data Led-Innovations in the Insurance Value Chain, and the launch of the Australian Actuaries Climate Index.
Posted on: November 15, 2018
The issue of consumer trust has attracted significant attention in the financial services industry in the last year or two. Here, Estelle Pearson offers her view on why this evolved to be the case and gives a glimpse into how the role of actuaries may potentially need to adapt to help foster trust again in the general insurance industry.
Posted on: November 6, 2018
Angat Sandhu and Katherine Gobbi discuss the role of actuaries in claims management, future opportunities and key trends in the area including enabling technologies and better understanding the customer.
Posted on: October 25, 2018
Insurtech, fintech and disruptor are the new buzz words. Ask John Connor a few years ago what these words meant and he would have pictured a mix of bohemian tech-savvy hipsters in a trendy office, a place not for the traditional actuary. He was wrong, there are many actuaries working in fintech and insurtech start-ups.
Posted on: October 18, 2018
Tackling the big issues in the general insurance industry, representing actuaries and motivating a group of volunteers has been the remit of IAG’s Tim Clark for the last five years.
Posted on: September 24, 2018
From "excitedly finding 'smoking guns' in emails" to getting "requests for interviews from 4-Corners within 24 hrs", Estelle Pearson and Tony Coleman share their unique insights into the HIH Royal Commission, drawing lessons for today.
Posted on: September 11, 2018
AASB 17 Implementation Taskforce releases the first operating version of the Information Note for practitioners.
Posted on: August 27, 2018
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.
Posted on: August 23, 2018
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.
Posted on: August 21, 2018
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.
Posted on: August 3, 2018
Chief Actuary for Medibank Private, Andrew Matthews outlines the prevalence of mental health conditions, government spending, and the role of insurance in improving services.
Posted on: July 24, 2018
Welcome to the first instalment of the Climate Change Blog, an article series that aims to cover news and events related to climate change and relevant to actuaries and the industries they advise. This month’s edition summarises news relating to transition risk.
Posted on: July 20, 2018
Elayne Grace outlines a new Actuaries Digital series where we spend five minutes with Australian Fintech and Insurtech companies, asking about their products and start-up journeys so far.
Posted on: June 28, 2018
Greg Einfeld, Director at Plenty Wealth outlines his journey in fintech and where he sees his business, and the broader fintech landscape heading.
Posted on: June 28, 2018
The 2018 Young Actuaries Conference (YAC) began with more than 150 young actuaries around the country devoting half their day, seeking to be inspired. Chetana Koganti reports.
Posted on: June 22, 2018
After an eventful 43-year career, Taylor Fry Principal Martin Fry looks back on a lifetime of quiet achievement, his passionate aversion to hierarchy and the guru that inspires him to this day.
Posted on: June 19, 2018
Responsibilities of the Appointed Actuary (AA) role have expanded in recent years with an increased focus on compliance activities, reducing capacity for the AA to be involved in the provision of strategic advice to the Board and senior management.
Posted on: June 14, 2018
Farheena Ahmad describes her experience going ‘back to school’ as part of CSIRO STEM’s Professionals in School Program and discusses the need to revive positive attitudes and enthusiasm towards mathematics in the classrooms of the future.
Posted on: June 6, 2018
Inspiring Change: Interview with Actuary and Director at the National Disability Insurance Agency (NDIA)
In this Q&A, Meng shares why she loves working in "revolutionary disability reform", and the advice that changed how she approaches work and measures success. All ahead of her talk at the upcoming Young Actuaries Conference (YAC)!
Posted on: May 11, 2018
Participants of a recent YAP Climate Workshop were asked to cast their minds forward to 2025 in a fictitious scenario where the small town of Derby, WA – now 'New Derby' – is a similar size to Darwin with a population of 100,000.
Posted on: April 12, 2018