Health

Behavioural economics and fraud under microscope at IDSS

Fraud poses a critical risk to the sustainability of injury and disability schemes across Australia. Ahead of the 2017 Injury and Disability Schemes Seminar (IDSS), Hugh Miller outlines where fraud risk will be discussed in the Program, as well as opportunities to improve outcomes in the industry through behavioural economics.

IDSS to tackle mental health and insurance challenges

Mental health is a key theme at this year’s Injury and Disability Schemes Seminar (IDSS). Here, Hugh Miller outlines some of the issues - including exercise benefits, best practice claims management, and secondary harm - that will be explored by speakers in depth.

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Actuary breaks new ground in public health research

Actuary Jananie William explains how she traversed traditional actuarial fields and came to work in public policy. Using actuarial techniques and some amazing data, she provided a detailed analysis of birth-related public health system costs and their drivers – the first ever study of its kind.

Introducing the Wider Health Sub-committee

Tim Goodhew introduces the Wider Health Sub-committee at the Actuaries Institute and its goal to raise awareness of the career pathway of Health Actuaries and the broader role actuaries can play in health reform and policy.

IFRS 17 Taskforce Update - July 2017

With the finalization of the long awaited IFRS17 global accounting standards in May 2017, the Institute of Actuaries IFRS17 Implementation Taskforce will be updating its members monthly on its activities.

The Challenge of Affordable Private Health Insurance

As health costs increase due to a range of demographic and other reasons, is Australia’s current private health insurance (PHI) system sustainable? Jamie Reid reports.

What you missed at the 2017 Future of Health Seminar

The annual Future of Health Seminar returned to Melbourne this year with a star line-up of speakers. Here is a summary of what you missed out on if you weren't there!

The Health Insurance Challenge in Australia

Ignatius Li of Deloitte and the Actuaries Institute's Health Practice Committee looks at some key challenges facing the health sector, including private health insurance reforms, ahead of the much anticipated 'Future of Health Seminar in Melbourne next month.

Ensuring the financial sustainability of the NDIS

Sarah Johnson, Scheme Actuary for the NDIS and the 2016 Actuary of the Year, explains what defines financial sustainability in the NDIS insurance model and the role of actuaries in maintaining it.

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.

Revamped Health CPD Course

Bronwyn Hardy and Barry Leung outline the Actuaries Institute's updated online Private Health Insurance CPD Course in light of significant changes in the private health insurance sector.

The evolution of disability insurance within superannuation

Disability cover has received considerable media attention recently which has led to significant analysis and review from superannuation funds and their insurers (and reinsurers) on several key issues. Here, Senior Consultants at Rice Warner, Geoff McRae and Andrea McDonnell, outline the issues and the future of this evolving provision.

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.

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.

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Analytics-assisted triage of workers compensation claims

Director of Data Science Inna Kolyshkina and Scheme Actuary at ReturnToWorkSA Ivan Lebedev combine forces to explain a project undertaken to explore the usefulness of advanced data analytics capability for ReturnToWorkSA.

A Claim Pairing Approach to Measuring Superimposed Inflation

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.

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Better Recovery through Neuroscience

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.

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Seminar eyes Future of Private Healthcare

Nick Stolk reviews the recent ‘Future of Health Seminar’ that saw industry leaders discuss product complexity, premium increases and the lack of customer engagement in Australia’s private health insurance market.

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Paying for Ancillary Health – Why cash is king.

Chris Logan compares six different funding models for ancillary healthcare (AH) against a set of criteria to suggest the optimum way to pay for AH/services like dental, physio and optical.

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How to lose your shirt in private health insurance: Part two

Welcome to the final instalment of the two-part series! This article outlines ways in which capital can be managed to build resilience.

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