Life Insurance

The Future of Life Insurance

The world is constantly evolving and changing, and that includes the insurance industry. What are these trends, what does this mean for insurers and actuaries alike, and what do we need to be aware of when relying on “robots”?

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Designing Life Insurance Products for Increasing Consumer Expectations

Melissa Yeoh reports on the recent “Designing Life Insurance Products for Increasing Consumer Expectations” Insights session which discussed current issues and implications for Life Insurance product design, including the legal perspective and considered how the industry could restore the imbalance between consumer and insurer.

Fast five with Fintechs - Anorak

In this instalment of 'Fast five with Fintechs', we ask Chen Suthersan about the highs and lows of working in a startup and find out about his ambition to see his automated life insurance advice platform be an ‘always on’ protection companion taking the pulse of consumer’s protection status and empowering them to be in control.

The HIH Royal Commission: Lessons for today - Actuaries Podcast

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.

International CPD opportunities

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.

Fast five with Fintechs  - an introduction

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.

Fast five with Fintechs - Plenty Wealth

Greg Einfeld, Director at Plenty Wealth outlines his journey in fintech and where he sees his business, and the broader fintech landscape heading.

Meeting Challenges in Insurance and Super

Nathan Bonarius reports on the recent “Meeting Challenges in Insurance and Super” concurrent session from this year’s Financial Services Forum.

The Appointed Actuary Role: Back to the future

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.

Actuaries Podcast - The Future of Life Insurance

John McLenaghan (Public Policy Adviser at the Actuaries Institute) interviews Ilan Leas (Managing Director at Retender) about his Dialogue thought leadership paper about what the life insurance industry might look like in the future as it strives to meet consumer expectations in a fast-changing environment.

Letting Insurance Asset Data Speak for Itself

In late 2016, the Society of Actuaries (SOA) commissioned a paper on asset allocation trends of Asian life companies. Two FIAA’s who co-wrote the paper “Letting Insurance Asset Data Speak for Itself”[1] highlight its key findings here. 

New FSF format includes international guest speakers

The 2018 Financial Services Forum’s innovative format includes a focus on ‘big-picture’ plenary and keynote speakers.

IFRS 17 Taskforce Update - March 2018

This article reports on the new AASB 17 Insurance Contracts Information Note, released on 8 March 2018, to support actuaries in Australia and NZ in the application of IFRS17.

Genetics - The Dialogue Podcast

The next instalment of the Dialogue Podcast series explores the broader future implications of genetic testing for society, medical professionals and the insurance industry, featuring co-author Jessica Chen.

Private Health Insurance and Bill Shock - The Dialogue Podcast

The next instalment of the Dialogue Podcast series explores how a simple innovative addition to private health insurance (PHI) can alleviate 'bill shock' and reduce out-of-pocket costs for those diagnosed with cancer.

Can “traditional” actuarial methods be sexy?

Amongst much talk about data science and new analytics techniques, Ashish Ahluwalia challenges the profession to be bold in sticking to their roots and take their toolkit of ‘traditional’ actuarial methods into a broader industries outside of insurance.  

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2018 Agenda – Key themes for financial services players

Chief Editor Angat Sandhu's first Editorial focuses on key themes at play in our industry, from regulatory paradigm shift, to heightened customer expectations, and finding efficiency though technology and data analytics.

Workplace rehabilitation services need shake-up - Opinion

icare’s Group Executive Workers Insurance, John Nagle, says the transformation within injury and disability schemes discussed at this week's IDSS, aligns closely with icare’s focus on the needs of the injured worker and improving workplace safety.

Mental Health and Insurance - finding a better way

Co-author of the Institute's latest Green Paper 'Mental Health and Insurance' lets us in on the work behind the scenes, and tells a story to get us thinking - how can we find a better way to insure mental illness?

Actuaries report takes the lead in national mental health and insurance conversation

Lucy Brogden, Co-chair of the National Mental Health Commission thanked and congratulated the Actuaries Institute on a "timely" report at the 'Mental Health and Insurance' Green Paper media launch.

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