Life Insurance

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.  


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.

An update from the Premium Allocation Approach work stream

Here, Brendan Counsell of the Institute of Actuaries’ AASB 17 Implementation Taskforce provides an update on the ‘premium allocation approach’, or PAA to assist Australian actuaries involved in implementing the new accounting standard. 

The role of the Appointed Actuary and actuarial advice within insurers - APRA Insights Session

Amit Jeena covers the Institute's latest Insights session on APRA's paper the “Review of the role of the Appointed Actuary and actuarial advice within insurers”, presented by Peter Kohlhagen, senior manager in APRA’s policy development area.

5 minutes with the IDSS Mental Health Plenary speakers

Mental health is a serious issue for Australian society, and for our injury and disability schemes. A Plenary, together with a number of Concurrent sessions, will explore the complexities of this 'difficult problem', at the fast approaching 2017 Injury and Disability Schemes Seminar (IDSS). Here, Gillian Harrex and Raewin Davies interview the four esteemed speakers in the Mental Health Plenary. 


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.

AASB 17 Insurance Taskforce Update – September 2017

The previous AASB 17 Insurance Taskforce update on insurance contract accounting implementation looked at the BBA Drafting Group and particularly focused on the issue of coverage units. This time, its focus falls on the Variable Fee Approach (VFA) work-stream, headed by David Rush.

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.

Scratching the surface of economic transition in China

Since the Life Insurance and Wealth Management Sub-committee put together the first instalment of their China Series in March this year, Henry has had the opportunity to experience Chinese culture first-hand, by spending a week there in June.

The ADI 2007-11 Table in Practice

After attending last month's Insights Session on Australian Disability Income Table, Graham Kelly provides a comprehensive overview of the session that covered implementation, key learnings, strengths and cautions. 

Reflections on the AASB17 Implementation Taskforce’s Member Insights Session

Trang Duncanson reports on the AASB17 Implementation Taskforce’s Member Insights Session last week.

Longevity Risk: Old Age is Getting Even Older

This student column, by Barry Sun from Macquarie University, delves into the issues surrounding longevity risk. Barry tells us what longevity risk is and summarises the work that is currently being carried out by academics and insurance professionals.

Simple Products

If it takes nine hours to read the online contract for Kindle e-readers, and this is considered simple compared to current insurance contracts, have we gone wrong somewhere? Robert Kerr explores the benefits and drawbacks of increasingly complicated insurance products.

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.


Thinking about life insurance through a genetic lens

Our ability to predict disease risk based on genetics is rapidly advancing. What does this mean for life insurance? Jessica Chen and Damjan Vukcevic share insights from their presentation at the Actuaries Summit 2017.

War Stories from Life Insurance Actuaries

Rickie Fong and Anna Byrne have prepared a recap of the recent insights session, 'War Stories from Life Insurance Actuaries', presented by Greg Martin, Richard Lyon and Grant Peters. The three presented a compact survival guide for fighting corporate wars.

Also this month