Articles tagged "Risk Management"
Are life-cycle funds an opportunity cost to members or a tool for managing a member’s risks through their different life stages?
Posted on: July 4, 2018
“Blockchain” is probably one of the biggest buzzwords in 2018. However, it has been estimated that currently less than 0.5% of the world population is involved in this space, leaving a huge knowledge gap for this emerging technology. In this article, Zeming Yu aims to bridge this knowledge gap. He then highlights some considerations for policymakers and the actuarial profession.
Posted on: July 2, 2018
The next instalment of the CareerView Podcast series discusses the path to becoming a Chief Risk Officer from the experience of icare's 'Chief Risky Dude' Gavin Pearce
Posted on: April 23, 2018
Three very different perspectives from a Strategist, a Board Director and an Innovator were presented at the annual Insurance CRO Forum at the Actuaries Institute.
Posted on: April 5, 2018
With Part Two of the Climate Risk Fluency series fast approaching, APRA's David Jenkins gives us a taste of what to expect by reporting on the highlights (including insights from the BOM and CSIRO) from the Part One seminar.
Posted on: March 15, 2018
The next instalment of the Dialogue Podcast series explores why conventional risk management may be failing Australia's financial institutions, which have been subjected to tougher regulations, and now a Royal Commission.
Posted on: March 9, 2018
Brett Riley reports on the results from the first survey of Chief Risk Officers by the Actuaries Institute.
Posted on: December 13, 2017
Brett Pickett is Head of Actuarial (Group Risk) at TAL and a member of the AASB 17 Insurance Taskforce. Here, Brett provides an update of the Taskforce's activities, including issues around risk adjustment and discount rates
Posted on: November 22, 2017
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.
Posted on: October 12, 2017
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.
Posted on: October 12, 2017
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.
Posted on: October 11, 2017
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.
Posted on: October 6, 2017
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.
Posted on: September 21, 2017
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.
Posted on: August 8, 2017
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.
Posted on: August 3, 2017
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.
Posted on: July 20, 2017
The Three Lines of Defence model is often cited in modern risk management. What is it and where do actuaries fit in?
Posted on: June 16, 2017
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.
Posted on: May 4, 2017
Victory Idowu proposes a model validator’s manifesto— principles for model validation that enshrine best practice for actuarial models.
Posted on: May 1, 2017
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.
Posted on: March 21, 2017