Articles tagged "Risk Management"

Q&A on 2017 ERM Seminar: Responding to Risk

On Wednesday 13 September the Actuaries Institute, with support from the Risk Management Practice Committee, held the ninth Enterprise Risk Management (ERM) Seminar. The conference was held the Forum at the Actuaries Institute’s Sydney offices and included an impressive range speakers and strong media coverage. Here, Nick Cowdery, from the Seminar organising committee, speaks with newly appointed Chief Risk Officer Colin Weir about his view of the Seminar content and its value to those in a CRO role.

How to effectively influence and engage stakeholders

Gloria Yu from the Institute’s Risk Management Practice Committee reflects on an Insights session presented by Kate Lyons, Executive Manager Capital & Reinsurance of Suncorp, about how to effectively influence and engage stakeholders.

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Financial advice research

Can actuaries develop a science of planning that will provide a basis for the art of giving advice? Here, John De Ravin from the Actuaries Institute’s Retirement Incomes Working Group (RIWG), details the findings of a survey of 65 financial planners from a range of different business environments, and subsequent interviews with dealer groups, to uncover the state of play in industry practice.

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.

ANZIIF Partnerships – Creating a globally recognised standard for risk professionals

Danielle Di Sano reports on new partnerships between overseas risk associations and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) that aim to promote risk management as a profession and create a globally recognised standard for risk management professionals.

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.

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.

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The Model Validator’s Manifesto

Victory Idowu proposes a model validator’s manifesto— principles for model validation that enshrine best practice for actuarial models.

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.

Climate Risk Management for Financial Institutions

The authors of 'Climate Risk Management for Financial Institutions' - a paper presented at the General Insurance Seminar in November 2016 - discuss how financial institutions can play a critical role in managing the potential financial risks posed by climate change.

2016 ERM Seminar Review

On Tuesday 20 September the Actuaries Institute, with support from the Risk Management Practice Committee, held the eighth Enterprise Risk Management (ERM) Seminar. The conference was held the Forum at the Actuaries Institute’s Sydney offices and included 15 impressive speakers and strong media coverage. Brett Riley reports.

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.

Equity Risk Premium Survey 2015

Anthony Asher and David Carruthers help manage expectations with the 2015 Equity Risk Premium Survey. Find out what the results mean for you.

Risk Culture Measurement

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

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Are you comfortable with your risk management framework?

Mike Thornton challenges businesses to consider what their risk management framework is trying to achieve, and how it could be missing the mark.

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What costs more: a windstorm or a market crash?

Niki Appleton reviews 'GDP@Risk', the new Lloyds City Risk Index 2015-2025 measuring world economic output at risk from manmade and natural threats.

Catastrophe modelling in a post Katrina world

The reinsurance industry used catastrophe risk models long before Hurricane Katrina, but Katrina challenged the standards of these models. ANZIIF's Edward Vukovic reports.

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