General Insurance

Loss Coverage: Why Insurance Works Better with Some Adverse Selection

Here we speak with Guy Thomas, author of 'Loss Coverage: Why Insurance Works Better with Some Adverse Selection'. Guy explains the context of his recent publication and why loss coverage is important.

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When life gives you lemons, make Lemonade - A Behavioural Science guide to Lemonade Inc.

Lemonade is the new New York based insurtech that is 'redefining everything we understand about insurance'. Leon Yan, Actuarial Manager at Cover-more introduces Lemonade and tells us why it works.

MiCRO: Bringing insurance solutions to Central America’s vulnerable populations

Senior Microinsurance Specialist for the International NGO, Mercy Corps, Josh Ling gives us an overview of microinsurance in Central America.

Drones in GI: Opportunities, challenges and risks

Drones are clever devices that are presenting a range of opportunities and challenges for insurers globally. Suba Chelva shares key takeaways from a Melbourne seminar on the Use of Drone Technology in the General Insurance industry.

Under Water: The U.S. National Flood Insurance Program Reauthorisation

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.

An Introduction to iCare, the "social insurer"

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.

Climate Related Financial Disclosures - The Way Forward?

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.

Climate Risk Management for Financial Institutions

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.

A History of British Actuarial Thought

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.

Aftershock: Can ‘model change’ impact the real economy in New Zealand?

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.

Practice Update videos now available

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.

Construction of detailed correlation structures across GI business segments

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.

Young actuaries share their views on GIS2016

In this article, six young actuaries come together to share their experiences and takeaways from GIS2016.

GIS2016 Wrap up

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.

The NDIS: Today and Tomorrow

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.

Blockchain in Insurance

Dimitri Semenovich outlines some of the foundational concepts of blockchain technology, ahead of his upcoming presentation on the subject at the 2016 GI Seminar.

New products in cyber insurance

[VIDEO]: Sharanjit Paddam, Principal at Deloitte Actuaries & Consultants, interviews Emma Osgood – Senior Underwriter for Cyber Liability at Berkshire Hathaway Specialty Insurance on Cyber Insurance.

The Future of Transport – Smarter and Cleaner Solutions

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.

Riding High on the Perfect Storm

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.

Update on physical, transition and liability climate risks

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.

Also this month