Risk Management

What can you expect at the 2017 ERM Seminar?

Following the strong feedback received for last year’s event, the Actuaries Institute’s ERM Seminar is back in 2017. Brett Riley looks at the topic, speaker and opportunity line up.

Stress Testing – Confluence of the Actuaries and Economists Viewpoints

How can actuaries and quantitative professionals involved with stress testing help their organisations derive more value from the practice? Sen Nagarajan and Michael Thomas give us an overview of their 2017 Actuaries Summit presentation on stress testing.

The Three Lines of Defence - where do actuaries fit in?

In the first instalment of this article, Brett Riley considered the background to the Three Lines of Defence (3LOD) model. Here, he considers how actuaries fit into this construction.

2017 Insurance CRO Forum

The annual Insurance CRO Forum was held at the Actuaries Institute on Monday 19 June 2017. The aim of these forums is to get the Chief Risk Officers from life, general, health and lenders mortgage insurance companies together to discuss a topic of interest. Gavin Pearce reports.

The Three Lines of Defence

The Three Lines of Defence model is often cited in modern risk management. What is it and where do actuaries fit in?

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.

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.

APRA Insights on Risk Culture

Sean McGing reports on the March 7 Insights Session which saw Fahmi Hosain, Head of Governance, Culture & Remuneration at APRA cover issues across banking, insurance and superannuation.

Equity Risk Premium Survey 2016

The Equity Risk Premium (ERP) is a key component of every risk and return model in finance and reflects the price which investors place on equity risk. The ERP will impact decisions as diverse as how superannuation funds invest their assets, to the price at which regulated monopolies can charge for their products.

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.

Renaissance of the Effective Professional

Tim Gorst, Senior Manager at the NAB, tells us about the increasing focus on risk culture in financial services and how the effective professional contributes to a strong risk culture.

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.

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.

Master trainer in 'Deception Detection' to address ERM2016

Organisational psychologist and master trainer in Deception Detection Skills, Alan Hudson, will present strategies for better enterprise risk management (ERM), alongside a host of decorated speakers at the ERM Seminar in Sydney in 20 September.

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.

Insuring Cyber Risk – Concerns about Risk

A lack of reliable data on cyber risk should be a short-term problem as the market matures, write actuaries Susie Amos and Alina Pettifer in the final instalment of this Two Part series on insuring cyber risk.

2015-2016 Asset Allocation Competition: Results

Sixty-two investors entered last year's Asset Allocation Competition that challenged competitors to assess risk and return in various sectors. Join Ben Trollip as he reveals the results of the competition and speaks to our winners.

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?

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