Life Insurance

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.

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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.

Under the Spotlight: Helen Troup

In this edition, Managing Director at CommInsure, Helen Troup, discusses her upcoming speech on 'Thinking Differently about Customers' to the Actuaries Summit in May; how her actuarial training has helped her career; and what she finds interesting in her current role.

Are we prepared for the ‘futurist’ actuary?

Trang Duncanson reflects on “Futurist” Mike Walsh’s keynote speech at the FSC Life Insurance Conference and ponders our readiness for the near future ‘non-human’ actuary.

China - Too big and inefficient to ignore

The Life Insurance and Wealth Management has put together the first installment of their China Series. This article is an introduction to the series, highlighting the economic environment in China and some implications for the future.

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Pre-Budget Submission - 2017/18

The Actuaries Institute’s Pre-Budget Submission encourages timely Government action to introduce and promote Comprehensive Income Products for Retirement (CIPRs); facilitate the rationalisation of life insurance legacy products; and implement stronger risk mitigation measures to protect against the potential impacts of 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.

Reinventing life insurance underwriting

After a frustrating visit to a financial planner to reassess his life insurance cover, Angat Sandhu considers issues in the life insurance underwriting process and how the industry might “retain the soul, but design a new body”.

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.

Insurance Contracts IFRS enters the Home Straight

In this article, IASC Convenor Grant Robinson illustrates the historical developments of a common way of reporting insurance contracts which started in 2005. He also shares details of future plans and potential impacts of the new process.

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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Appointed or C-Suite?

Institute President Lindsay Smartt shares some thoughts on the current review of the Appointed Actuary role.

Permission to fail is key to success - an interview with Hollard CEO Richard Enthoven

[VIDEO]: An aggressive risk appetite and “allowing people to fail” has been key to CEO Richard Enthoven’s success. Here, he reflects on Hollard’s appetite for innovation and why actuaries will 'have a field day' in the next ‘blockbuster’ moment coming for the insurance industry.

The Future of Financial Services – FSF 2016 Wrap Up

FSF2016 examined how disruptors will impact the financial services industry. It asked, how can actuaries reimagine their career in the future world? Where are the opportunities?

Risk Culture Measurement

Sean McGing and Andrew Brown share their research and ideas on risk culture in banking and life insurance practices.

Dr Seuss on Life Insurance

Ilan Leas has a whimsical outlook, on how the future of Life Insurance connects to a Dr Seuss Book.

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Time is ripe for Life Insurance Code

With major consultation activity underway across senior life insurance executives and consumer groups in the lead up to 1 July 2016, we interviewed Sarah Phillips, Financial Services Council Policy Consultant (Life Insurance) on the FSC’s critical work to help restore confidence in the life insurance industry.

Managing Change in the Life Industry

John Trowbridge is calling for life insurance companies to create more innovative ways to interact with customers. Here, he outlines his recent address to the March 2016 FSC Life Insurance conference.

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