In our latest episode of ConverseAI, host Aidan Sussman chats with actuaries Ean Chan and Minh Ping, and data scientist William Zheng on the large language model (LLM) applications they use to assist, from text summarisation to assisting classification for pricing and cost models.  They also discuss the recent developments within the LLM industry and the benefits of using retrieval augmented generation (RAGs) versus fine-tuning to guarantee your output aligns with your intentions.🎧 Listen now.View the transcript.

In our latest episode of ConverseAI, host Meg Yang chats with industry experts Jacky Poon, Jon Shen, and Andres Villegas Ramirez on the integration of generative AI within the actuarial profession.Listen now.View the transcript.

Actuaries Institute Fellow Meg Yang brings together Victor Bajanov, Jacky Poon and Sam Zheng to discuss the potent capabilities of AI in driving businesses' efficiency and growth.In this podcast, they discuss:the efficiency and growth ChatGPT and LLMs can offer;how industry leaders can leverage AI for better customer service and decision support;the challenges of data security and workforce adaptation;how to balance AI tools with human expertise; andtips on implementing AI with a forward-thinking mindsetTune in now.View the transcript.

In our latest podcast, Superannuation and Investment Practices Committee (SIPC) members Christine Li and Hendrie Koster delve into the pressing issue of greenwashing within the superannuation and investment industry and what it means for superannuation and investment firms and consumers.Listen to the podcast now. View the transcript.

Explore the intersection of generative AI and education with Kriti Khullar in a new Actuaries Institute podcast. Joined by Amanda Aitken, Andres Villegas, and Jon Shen, this episode explores how AI tools like ChatGPT are impacting learning and the actuarial profession.Listen now to find out how AI is affecting the world of actuarial education now.View the transcript.

In the rapidly advancing world of artificial intelligence, the conversation around ethics has never been more critical. In this podcast, Kriti Khullar, an Associate of the Actuaries Institute and lead at IAG, discusses this digital conundrum with Victor Bajanov of Quantium and Tiberio Caetano from the Gradient Institute.Listen now.View the transcript.

One year on from our publication, Home Insurance Affordability and Socioeconomic Equity in a Changing Climate, home insurance affordability remains a significant concern. To highlight and address this issue, the Institute has published new research, Home Insurance Affordability Update and Funding for Flood Costs: Affordability, Availability and Public Policy Options. The second report, Funding for Flood Costs: Affordability, Availability and Public Policy Options, examines riverine flood risk, which plays a significant role in the current pressure on home insurance affordability. The report outlines a package of short, medium, and long-term policy measures that should be considered by governments, insurers, and other stakeholders to reduce affordability stress for households who are also facing the highest risk. In this episode, lead author Evelyn Chow speaks to Actuaries Institute Executive General Manager of Public Policy and Professionalism Vanessa Beenders about:Why solutions for flood risks are so crucialThe suite of potential solutions, including:risk reduction;cost sharing; andgovernment direct cost reduction.

One year on from our publication, Home Insurance Affordability and Socioeconomic Equity in a Changing Climate, home insurance affordability remains a significant concern. To highlight and address this issue, the Institute has published new research, Home Insurance Affordability Update and Funding for Flood Costs: Affordability, Availability and Public Policy Options. Home Insurance Affordability Update examines home insurance affordability in the context of all natural perils, and found that the proportion of “affordability stressed” households – those that spend more than one month’s worth of their gross annual income on home insurance – rose from 10 to 12% in the year to 31 March 2023. These households spend on average 8.8 weeks of their income on home insurance, which is more than seven times what the average household spends. In this episode, lead author Sharanjit Paddam and Actuaries Institute Executive General Manager of Public Policy and Professionalism explore:The meaning of extreme affordability pressure and its drivers.Affordability by local government area (LGA).How the different types of natural perils impact insurance affordability.The expected impact of the Cyclone Reinsurance Pool on insurance affordability.

The deep economic divide between Australia’s rich and poor is in danger of worsening unless wide-ranging government policy reform is undertaken, a new Green Paper released by the Actuaries Institute warns. In the latest episode of the Actuaries Institute podcast, Vanessa Beender discusses some of the Paper’s findings with one of the authors, actuary Dr Hugh Miller, including:the meaning of inequality;the relationship between inequality and health, education, housing and environmental outcomes;policy recommendations to address this issue.

In our latest podcast, Risk Management Practice Committee (RMPC) members Jason Yu and Srikar Velivela come together to review RMPC’s achievements and accomplishments during 2022.RMPC consists of experienced actuaries with expertise in various areas of risk management including insurance, banking and finance. The committee works together to develop guidance and resources that help actuaries effectively manage risks in their respective industries and provides input and advice on regulatory and legislative matters relating to risk management. In this episode, members of RMPC share:An introduction to the committee and their mission.Updates from the latest Enterprise Risk Management Fellowship course.Insights gained from recent CPD sessions.Valuable inputs on regulatory matters.How the committee adapted to the challenges of the COVID-19 pandemic.Listen to the podcast below ⬇Read the transcript.

As data science and artificial intelligence continue to break new grounds, the need for data scientists continues to grow stronger and stronger by the minute. But what does a career in data science look? And more important, how do you get there?In this episode, Tong Zhang speaks with Kelly Chu President of the UNSW Actuarial Society and Rohan Dixit, Data Science Executive, Quantium to discuss their careers in data science across the different career stages. In this episode they share:Parallels between actuarial science and data scienceWays to explore data science pathways as a studentInsights from working within the data science sectorThe conversation is followed by an exclusive interview with Jas Singh, Senior Recruiter for SKL who shares insights on the top skills and traits employers are looking for. Listen to the podcast: https://api.spreaker.com/v2/episodes/53067593/download.mp3Read the transcript.

With its roots in a ride hailing up, Grab Insure Business is not an insurance company. It’s not a bank a consultancy firm but rather something completely different.Grab Insure Business is part of a NASDAC listed, unified conglomerate multinational company based in Singapore. Being the first decacorn in Southeast Asia, it has a simple mission of providing financial empowerment and creating economic opportunities by bringing users into the digital age by expanding their business.But how exactly does Grab Insure Business work? How is it different to traditional insurance platforms? And will we see more business Grab Insure Business emerge as the digital revolution continues?To discuss these questions, actuary Iwan Juwono (Head of Insurances at Grab Insure Business) joins industry-peer Louis Lee (Fellow Actuary and Partner at Deloitte Consulting) on the Actuaries Institute Podcast.

Today the Actuaries Institute releases its latest Green Paper, Cyber Risk and the Role of Insurance.Australians are more dependent than ever on technology and cyber risk cost the Australian economy $33 billion last financial year.The paper, written by actuaries Win-Li Toh and Ross Simmonds, and technology expert Michael Neary, notes while the first line of defence against cyber risk will always be good cyber hygiene and security, cyber insurance is an important second line of defence.There are gaps, however, in achieving the best practice ideal, especially a severe skills shortage, limited understanding among Boards of the role of cyber insurance, limited education among SMEs of cyber risks, and capacity and profitability challenges in the market including for accumulation risks.This Green Paper offers several solutions-focused discussion points, as we examine the complementary roles of government, business and insurers in creating a robust best-practice framework, where cyber insurance can thrive and offer better protection against cyber risk.GREEN PAPER: https://www.actuaries.asn.au/Library/Opinion/2022/CyberRiskGreenPaper.pdfTRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=9e9ff004-86b0-44ad-b626-7d661f888319ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

The Actuaries Institute recently launched its latest Green Paper, introducing the Australian Actuaries Home Insurance Affordability (AAHIA) Index.Affordable insurance is a key part of ensuring resilient communities.The paper, written by actuaries Sharanjit Paddam, Calise Liu and Saroop Philip, highlights that one million Australian homes (approximately 10%) spend more than four weeks of their gross annual income on home insurance, classified as vulnerable on the AAHIA Index. These vulnerable households are concentrated in the Northern Territory, Queensland and Northern NSW.Affordability pressure is projected to intensify with climate change, and the impact will be greater for these already vulnerable households. The paper presents results under both a low and high emissions scenario.Policy solutions to address home insurance affordability and the socioeconomic inequities of climate change are wide-ranging and include multiple stakeholders.Prior to the paper's launch, Sharanjit Paddam and Calise Liu joined the Actuaries Institute podcast to discuss the key points of the Green Paper.GREEN PAPER: https://actuaries.asn.au/public-policy-and-media/thought-leadership/thought-leadership/home-insurance-affordability-and-socioeconomic-equity-in-a-changing-climateTRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=e5faa1a5-ffd7-4fad-82d3-e225cf688052ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

Takaful insurance has witnessed a remarkable rise throughout Southeast Asia in recent times. On a global scale, the takaful insurance market is worth an estimated US$55 billion and is expected to grow by a further 14% between 2022 and 2028.But, what is takaful insurance? How is it different to traditional insurance products? Is it likely to emerge in the Australian insurance space?To discuss these questions and more, actuaries and takaful experts Peter Tan (Chief Operating Officer, RGA – Asia) and Aiza Benyamin (Partner, Actuarial Partners Consulting) join Yan Sun (Head of Solutions, Resolution Life) on the Actuaries Institute Podcast.TRANSCRIPT: https://80.211.53.10/download-ticket?ticketId=7c8b813c-8ced-46ba-86fb-cdf28bd28803ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

The potential uses of artificial intelligence (AI) expand on a near-daily basis. And throughout his influential actuarial career to date, Chris Dolman has researched the vast possibilities of AI and how it can be used in an ethical manner. Chris joins Meg Yang on the Driven by Data podcast to discuss his background as an actuary, his extensive AI research, and the benefits and the pitfalls of AI.Tune in for the latest in the world of data analytics as experts from within and beyond the actuarial profession join Meg Yang for exclusive interviews.Chris Dolman:Chris Dolman is currently Director, Data and Algorithmic Ethics at IAG, helping to ensure that modern decision-making algorithms and other advanced uses of data are designed and implemented in an ethical, responsible and thoughtful way.Prior to this, Chris held a variety of senior management positions in the insurance industry and consulting, in Australia and the UK. Chris is a Fellow of the Actuaries Institute, a Gradient Institute Fellow and an active member of the Actuaries Institute’s Data Analytics and General Insurance Practice Committees.TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=6e68aedd-9373-43e8-8d9b-914eb95ddda8ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

With NAIDOC Week kicking off next week, it’s a time to celebrate and recognise the history, culture, and achievements of Aboriginal and Torres Strait Islander peoples. It’s also a time to reflect on these significant cultures and how their stories can be used to empower us in our professional and personal lives. To help us improve our understanding, Clare Hughes from the Institute's Public Policy and Professionalism team sat down with two great guests to talk about the Institute's Indigenous Engagement Plan and their connections with indigenous Australian culture. Guests include Christa Marjoribanks, EGM Product Pricing and Governance at IAG andKate Lyons, Group Head of Sustainability at QBE Insurance. In this episode, the three talk about their journeys in the Northern Territory on the Larapinta Trail, learning and understanding indigenous Australian culture, and much more.NOTE: In this podcast, Kate Lyons and Christa Marjoribanks make reference to a book titled 'Red Emu'. The correct title of this book is 'Dark Emu'.TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=4b374206-53fc-4e31-bc39-f73d7a4449beABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

The superannuation industry is currently facing major legislative changes alongside other financial service industries. From ‘Your Future, Your Super’ reforms to the recent retirement income covenant, actuaries working in super are now having to manage legislative changes at the same time focus on improving customer and member outcomes.In our latest episode, we sat down with three prominent actuaries working in superannuation to get further insights and gain a better understanding of the challenges those in the industry are currently facing.Speakers:Naomi Edwards is an actuary and a professional company director. Following an executive career with Trowbridge Consulting and then Deloitte, Naomi became involved with the wider actuarial fields, including acting as adviser to the Australian Greens on various projects and advising a wide group of environmental organisations.Naomi then embarked on a career as a company director, chairing the listed Australian Ethical Investments and sitting on the boards of funds managers, ASX listed companies and superannuation funds. She is currently Independent Chair of Spirit Super where she has led the fund through three mergers in the last four years. She joined the Council of the Actuaries’ Institute in January 2020.Andrew Boal is an experienced financial services professional who specialises in providing actuarial and strategic consulting advice to leading companies and superannuation funds. During his career, Andrew has driven research and public policy in various areas of interest, including retirement adequacy, retirement income products and solutions, member disclosure and advice, member engagement and digital solutions, governance and risk management. Andrew is also regular speaker at industry events such as the annual ASFA conference and the Conexus Post-Retirement Conference. Christine Li is a Superannuation Product Analyst at Spaceship. She is also currently Secretary to the Institute’s Superannuation and Investments Practice Committee and hosts the That's Super podcast series. Christine is involved in helping the younger generation be more engaged in their superannuation and improving their financial literacy.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

Housing affordability and the growing inequality around buying a home was one of the big issues expert speakers tackled at this year’s All-Actuaries summit.Speakers dived into the nuances and specifics of some of the biggest challenges we face as an industry and as a society.In this episode of the Actuaries Institute Podcast, we gathered some of the key Summit speakers who touched on this topic. This episode covers the current housing situation, affordability among the younger generation, flow-on effects such as lower fertility rates and homelessness, shifts in sentiment across industries, possible solutions to relieve affordability stress, and much more.Speakers:Anthony Asher is currently a member of the Actuaries Institute Board and the Retirement Strategy Group, and the Convenor of the Retirement Incomes Working Group.Richard Lyon is a recently retired actuary with more than 40 years’ actuarial practice under his belt – mostly in life insurance. He’s the co-editor and co-author of the textbook that teaches students about the actuarial approach to problems. Richard has served on the Institute’s Council and on many of its committees, task forces, and working groups.Hugh Miller is a principal at Taylor Fry, where he has worked for 15 years. Over the past five years, he has been working almost exclusively in government analytics, modelling in sectors such as welfare, housing, homelessness, disability and suicide prevention. He holds a PhD in statistics, has a keen interest in actuarial research, is part of the Institute’s Public Policy Council Committee, and is also the Data Analytics Editor of Actuaries Digital. TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=d63d7f38-6b35-45db-a865-fca79a6b3885 ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

It takes bravery, poise and commitment to make the jump from the relative comforts of full-time employment to establishing a startup – especially in the rapidly evolving data analytics space. For tech entrepreneur, data scientist and actuary Sam Zheng, he has taken these challenges in his stride.Sam joins Meg Yang on the Driven by Data Podcast to delve into his experience from setting up not one, but two artificial intelligence startups, how his actuarial skillset has helped him adapt to the innovative entrepreneurial world, and his essential tips for getting into the space.Tune in for the latest in the world of data analytics as experts from within and beyond the actuarial profession join Meg Yang for exclusive interviews.Key takeaways from the podcast:01:45 - From Quantium to the unknown: Sam’s startup plunge03:25 - A day in the life of Sam Zheng10:30 - The value-add of actuarial training16:45 - Sam’s bold business ambitions19:40 - Sam’s tips for establishing a startupTRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=f1cf3ac2-60ae-4784-81d6-a6e09832ac77ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

There is certainly no set pathway when it comes to forging a career as an actuary, just ask Meray El-Khoury. Meray (Chief Insurance Officer, MetLife Australia) has worked across countless industries. This includes both traditional and non-traditional, but credits her time working in superannuation, notably in a five-year stint at Sunsuper, as the most influential period of her impressive career. Meray joined Christine Li (Secretary of the Actuaries Institute’s Superannuation and Investments Practice Committee) on the ‘That’s Super’ Podcast to discuss her unique career journey, the importance of building your personal brand, and being brave enough to take a plunge. Tune in and learn more about all areas of the superannuation industry, as experts join Christine Li for exclusive interviews.Key takeaways from the podcast01:50 - Meray’s pathway to MetLife Australia08:56 - What does the future hold of actuaries in superannuation?14:16 - Leveraging the actuarial skillset in traditional and non-traditional fields18:07 - Meray’s advice to young actuaries considering a career in superannuationTRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=1747091e-0d73-4759-9140-73abade968b2ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

Brandon Raiter (Actuarial Consultant at Deloitte) joins the ‘Diversity and Inclusion’ Podcast to talk all things relating to dyslexia, his diagnosis, myths and resources.Hosted by Harrison Gee (Actuarial Analyst at The Heron Partnership), Brandon discusses his own diagnosis with dyslexia, how this has affected his life from schooling to career and more.Harrison and Brandon also squash some myths around the learning and reading disorder and discuss how key decision-makers in the workplace can facilitate support systems and resources for those with dyslexiaTRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=982b663f-cf62-470e-93a1-556ea07431b3Contact Brandon Raiter via Linkedin•https://au.linkedin.com/in/brandon-raiter-532845124Find out more about Dyslexia:•SPELD: https://www.auspeld.org.au/•Dear Dyslexic Foundation: https://www.deardyslexic.com/•Australian Dyslexia Association: https://dyslexiaassociation.org.au/•Learning Difficulties Australia: https://www.ldaustralia.org/ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

In this mini-podcast episode, actuaries Jeffrey Chan and Naomi Edwards discuss how you can submit and present your radical idea at the upcoming 2022 All-Actuaries Summit.Discussion includes;•What are ‘radical actuaries’ how did the plenary committee came up with the idea?•Why are young actuaries in particular interested in saving the world?•How could a member submit an entry if they're interested?•What are the logistics and requirements for the presentation?Entries close Tuesday 12 April 2022. You will be notified if your pitch is successful.If you have a vision, a burst of inspiration, or just an ‘out there’ idea, we want to hear from you! To enter is easy:1.Submit an outline for your proposed pitch to [email protected] by Friday 25 March 2022 for review.2.Find out whether your pitch has been accepted by Friday 1 April 2022.3.Submit your draft pitch for feedback 22 April 2022.4.Organise and present your pitch as an individual or a group.Each individual or group will be supported by a coordinator and a mentor who specialises in their problem area and can provide support and advice. Areas can include:•Data Analytics•Environmental, Social and Governance (ESG)•Space Insurance•Government Policy•Superannuation.The two winners will be announced in an email to all members and an article in Actuaries Digital.Time is ticking! Get your entries in today!Download transcript: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=df3e88e9-931b-4bde-b123-48c86e684a89

In the second episode of the 'That’s Super' Series, Christine Li (Secretary of the Institute's Superannuation and Investments Practice Committee), interviews guest Ravi Nanayakkara,Manager of Product and Innovation at Spirit Super on all things relating to product and innovation in the superannuation sector including- Ravi's career history and journey- Overview of Ravi's current role in Superannuation- Main challenges and problems that Ravi is looking to target in the Superannuation space- Ravi's findings so far- The proposed retirement income covenant will require all Super funds to have a documented strategy, to identify the retirement income needs of fund members, and to also develop a plan to service those needs with a deadline being July 2022.TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=cb500264-0dee-4a7f-a1fe-91288188af3bABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=aaa88d19-6dc2-4cfc-bf4c-dfb12b65eefcSzeWon Tan (Member of the Climate Risk Working Group for the Actuarial Society of Malaysia) joins Evelyn Yong (Member of the Climate Risk Working Group for the Actuaries Institute to discuss all things Climate Risk. SzeWon is joined by Kin Hoe Lee, who together took out the winning entry for the ASEAN Green Hackathon with their sustainable farming project.This was a result from their research into crop damage and how to mitigate these risks using actuarial techniques.Linkedin Group – Actuaries Going Greenhttps://www.linkedin.com/groups/14006238/Find out more about actuariesActuaries Institute: https://www.actuaries.asn.auClimate Risk Resource Centre: https://bit.ly/ClimateRiskCentreActuaries Digital: https://actuaries.digitalLinktree: https://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=39e01436-093e-46fc-9228-ad3059b8c329The Actuaries Institute has launched its latest Public Policy Statement, titled 'Mastering Mathematics for Australia’s Future'.The Statement, developed by Martin Mulcare with a team of actuaries, outlines that Australian students’ aspirations and their awareness of the value of science, technology, engineering and mathematics (STEM) skills and the breadth of STEM careers is declining because they don’t understand how maths is relevant to everyday life.The Statement provides public policy recommendations that will lead to more students studying maths, and at higher levels. It acknowledges education policy is complex but says Australians are falling behind on national and international learning benchmarks.Ahead of the Statement’s release, Martin spoke on the Actuaries Institute Podcast with Margarita Psaras, David Barnes (both members of the Institute’s Revitalising School Maths Working Group) and Clare Hughes (Public Policy and Practice Excellence Advisor at the Institute) to discuss the key points in the statement.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=cf2040a6-c3d0-433f-9bf0-fd61b0c0a263To improve at anything in life, whether it’s recreational, personal or professional, you need to practice. And in this episode of the Driven by Data Podcast, find out how you can enhance your coding and data analytics skillset through taking part in structured, risk-free data-driven competitions.Marcello Negro, Principal at Finity Consulting and Ean Chan, Actuarial Manager at EY join the Driven by Data Podcast to unpack the benefits, challenges and key learnings from their experience is taking part in data-driven competitions.Marcello and Ean chat about their first experience in a data competition, how they apply the skills in their current roles, the key benefits and new skillsets they have gained by participating and how they see the data landscape evolving in the future.PLUS, Marcello and Ean offer advice for those new to data competitions, how you can get involved and top tips on how to overcome challenges you make face during these competitions.Tune in for the latest in the world of data analytics as experts from within and beyond the actuarial profession join Kriti Khullar for exclusive interviews.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=077c57db-ea25-44d0-aa1a-9a4cda88b5f7The Actuaries Institute has launched its latest Green Paper, titled Aged Care Funding: Assessing the Options and Implications. The Green Paper, commissioned by the Institute and written by actuaries Gillian Harrex, Andrew Matthews, Hadyn Bernau and Kylie Hogan, calls for a considered conversation about funding of the Aged Care system.Ahead of the Green Paper’s release, Gillian Harrex and Andrew Matthews joined the Actuaries Institute Podcast to discuss the key points outlined in the paper. Gillian and Andrew were interviewed virtually by Vanessa Beenders, who is the Executive General Manager, Public Policy & Professionalism at the Actuaries Institute.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=669d4d21-397a-466b-b9d7-284e3edd1dbdIncreasingly, business strategy is data driven. Do we as actuaries have sufficient training? Are we equipped to be business leaders and what skills do we need to become more effective?Actuary and Managing Director of Insurance at Westpac, Rob Daly joins the Driven by Data Podcast to predict how actuaries can lead the change to a data driven strategy.In this episode, Rob details the need for actuaries to be well informed on machine learning techniques. Talks about his role in establishing the Data Analytics course at Macquarie University and his experience working with the Institute's Data Analytics Practice Committee to help educate post-qualified actuaries about data analytics.Tune in for the latest in the world of data analytics as experts from within and beyond the actuarial profession join Meg Yang for exclusive interviews.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Access the Actuaries' Analytics Cookbookhttps://github.com/ActuariesInstitute/cookbookFind out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=96116596-5e4a-48d3-8401-aec6e47b0f64In this podcast, Geoff Atkins and colleague Raj Kanhai discuss the Virtual IDSS concurrent session titled ‘The Magic Pudding and the Claim Farmer, a Never-ending Story’. Raj and Geoff are both co-presenting and discuss their experiences with the injury and disability scheme sectors in this regard. With a career that spans 35-plus years, Geoff Atkins has had the opportunity to observe the good, bad and ugly of compensation schemes in Australia and overseas. This has included giving advice on matters such as insurance fraud and scheme design, designing schemes to try to tackle issues like claim farming.Register for the 2021 Virtual IDSShttps://actuaries.asn.au/idss2021/registrationABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

Actuary and UniSuper Strategy Lead Vivian Dang joins the new 'That’s Super' series Podcast.What are superannuation fund outcomes? What are the key influences behind fund performance? And what role do actuaries play in optimising returns to the fund’s members? UniSuper Strategy Lead Vivian Dang joins the SIPC Super Series Podcast, the first in a new series by the Actuaries Institute’s Superannuation and Investments Practice Committee, which will shine a light on all things superannuation.In this episode, Vivian details the importance of superannuation fund outcomes for members, the benefit of comparison tools from the ATO and tighter industry regulation, and his role in enhancing member returns for UniSuper. Tune in and learn more about all areas of the superannuation industry, as experts join Christine Li (SIPC Secretary) for exclusive interviews.01:07 - A background of Vivian’s role at UniSuper and his actuarial journey into the superannuation industry03:37 - What is member outcomes?08:35 - The benchmarks for measuring member outcomes10:56 - Vivian’s work in enhancing member outcomes12:58 - How superannuation funds promote the best financial interest for their members19:16 - Will there be future superannuation reforms and what will those address?TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=52acb47d-53cb-4124-82b3-45dd9495a68aABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=8eb425fb-b724-42d0-b444-9538b11c3059DESCRIPTION: An Interview with Dr. Dinesh Palipana, 2021 Queensland Australian of the Year, and the Keynote Speaker for the Virtual IDSS. Dinesh was the first quadriplegic medical intern in Queensland, and the second person to graduate from medical school with quadriplegia in Australia. Dinesh earned a Bachelor of Laws prior to completing his Doctorate of Medicine at Griffith University. He has also completed an Advanced Clerkship in Radiology at Harvard University. Halfway through medical school, Dinesh was involved in a catastrophic motor vehicle accident that caused a cervical spinal cord injury. Dinesh has been an advocate for disability and a founding member of Doctors with Disabilities Australia. In this podcast, Dinesh and Vivian (IDSS Convenor) are going to discuss what you can expect at the 2021 Virtual IDSS, and discuss their experiences with the injury and disability scheme sectors.Register for the 2021 Virtual IDSShttps://actuaries.asn.au/idss2021/registrationABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=fef8187c-67cb-4db7-bf27-93c7e8967964DESCRIPTION: The Actuaries Institute has published its Public Policy Statement, 'Securing Adequate Retirement Incomes for an Ageing Australia'.This landmark statement sets out 13 policy positions on key reforms that aim to improve the Australian retirement system. The intent is to create a system that is clear in its objective, simpler, more efficient, delivers adequacy and improves equity across and within generations.In this podcast, Andrew Boal, Convenor of the Institute's Retirement Strategy Group, Tim Jenkins, Convenor of the Superannuation and Investments Practice Committee, and Shang Wu, a member of the Retirement Incomes Working Group, joined Vanessa Beenders on the Actuaries Institute Podcast to discuss the key points of the Statement.The time has come to be ambitious… to think ‘big’ and make a lasting difference. And it’s time for all Australians to live with dignity in retirement. Policy Document: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=5a376f76-a94a-4581-8362-d058d85d2bb7Supporting Document: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=d01552d0-adad-4eee-8fc5-6f404c5df67dMedia Release: https://actuaries.asn.au/Library/MediaRelease/2021/MediaReleaseRetirementIncomeOverhaul21Aug21Final.pdfABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

What is machine learning? Which industries are likely to benefit from it in the future? How can actuaries influence the way machine learning is applied?Equipped with a combined 28+ years’ experience working closely with machine learning models, influential data analytics actuaries Jacky Poon (Head of Finance at nib Travel) and Michael Storozhev (Head of Underwriting, Asia and Startup Ventures at Cover-More) join the Driven by Data Podcast to predict where and how machine learning will be applied in the future. Here’s a hint… it could end up operating your fridge!Jacky and Michael chat about their first taste of machine learning, how they apply it in their current roles, the four machine learning techniques actuaries must have in their toolkit, and the one machine learning technique Jacky and Michael swear by.PLUS, Jacky and Michael offer advice for how those new to machine learning can get up to speed.0:31 – How Jacky and Michael define and apply machine learning in their current roles4:40 – The four machine learning techniques actuaries must have in their toolkit7:04 – Recommended machine learning techniques, and why11:33 – The challenges with applying machine learning in their direct fields of health and travel insurance…12:53 – …And how do Jacky and Michael tackle those challenges14:23 – Tips for which industry will benefit from machine learning in the future17:33 – Advice for those new to machine learning techniquesTRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=d3833ee4-d379-4ad2-860e-c34a9bf925b6ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=86ffea51-74ed-4e54-b3b2-e90f60e5cd60DESCRIPTION:Join Amanda Aitken and Meg Yang as they provide advice on starting out in data analytics.Amanda is a qualified Fellow with a wealth of actuarial experience, who joined the Institute’s staff to establish the data analytics education program. Amanda is also a member of our Data Analytics Practice Committee (DAPC). Meg is a Fellow of the Institute and part of our Young Data Analytics Working Group (YDAWG).Key takeaways from the podcast are:2:00 – How Amanda’s actuarial consultancy background and love of teaching inspired her to join the Actuaries Institute’s Education Team3:15 – The initiatives the Education Team are implementing to enhance its curriculum4:24 – The subjects available to Actuaries Institute Members to grow their data analytics capability10:42 – The ‘unstructured’ learning paths available within the Institute and Actuaries Digital15:22 – How those with a background in data analytics can contribute to the Institute’s initiatives17:02 – Amanda’s advice to beginners starting out on their data analytics journeyABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=e6fc8695-3f35-41c2-8de3-d67367cccf82DESCRIPTION:Ian Laughlin joins Barry Rafe to discuss their paper that will be presented at the upcoming 2021 All-Actuaries Virtual Summit in the Leadership and Professionalism Plenary titled “Was the misconduct identified in the Banking Royal Commission enabled by directors who didn't understand the complexity of the businesses they directed?On 8 May 2018 the Financial Review reported that a number of directors of AMP were stepping down because they no longer had the support of the institutional shareholders. The resignations were directly attributable to the fallout from the banking Royal Commission which revealed that the behaviour of financial services organisation often did not meet community standards and expectations. In some cases, such as the AMP there appeared to be conduct that broke the law.The board is responsible for the actions and success of the corporation and hence the composition of the board would appear to be relevant to the corporation’s success. Ideally, directors are selected for board positions based on their technical and behavioural competencies. Boards often develop a skills matrix that sets out the broad set of competencies needed for the corporation to meet its aims. The expectation is that directors are appointed to fill or bolster various competencies required. In addition, the Corporations Act requires that all directors be financial literate i.e. they need to understand the financial drivers of the organisations they direct.The questions to be asked in this plenary session are:•Was the misconduct revealed by the banking Royal Commission caused by directors who did not understand the businesses they directed?•Who should be on the boards of complex financial services businesses•How do complex financial services businesses manage the need for diversity of skills on the board with the need for directors to understand the complexity of the businesses they direct.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=a652ef62-79f6-4085-ad5a-2caa98327bf2DESCRIPTION:A conversation on ‘how to volunteer’ amongst the Actuaries Institute’s Asia Subcommittee led to the creation of an inaugural University Student Survey (Survey). Jasmine Wang and Rose Lin join Andy Yang on the Institute’s Podcast to discuss what inspired them, and the key growth opportunities attained from delivering the Survey. ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=e3add7f9-ab1d-47b4-a54a-65be6283840bDESCRIPTION:Tatiana Potemina (Natural Perils Senior Pricing Advisor at @Suncorp Group) joins Tim Andrews (Chief Operating Officer of Analytics at Chubb) and Simone Collins (Senior Actuary at Picnic Labs + Picnic Syndicate, and Curator of the General Insurance practice area for the 2021 All-Actuaries Virtual Summit) to discuss the plenary topic ‘Recent Developments in Understanding Natural Climate Variability’.Simone, Tatiana and Tim also discuss which General Insurance and broader fields concurrent sessions they are looking forward to attending.Register for the 2021 All-Actuaries Virtual Summit - https://www.actuaries.asn.au/microsites/all-actuaries-virtual-summit-2021/registrationABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=70669c54-c171-45ed-af6f-a0bed76ce55aDESCRIPTION:In this episode of the Actuaries Institute Podcast, Superannuation Practice Committee (SPC) Convenor, Tim Jenkins, is joined by committee member Louise Campbell to discuss the latest news and developments from the SPC.The SPC comprises 12 members across a variety of consulting firms, investment managers, and superannuation funds. The Committee is supported by many Sub-committees, Working Groups and Taskforces to assist in in the delivery of their five strategic goals, which are:1. Enhance the role and reputation of superannuation actuaries.2. Engage and set public policy regarding superannuation, working with the broader Institute to liaise appropriately with regulators.3. Maintain and develop the professional documents for superannuation actuaries.4. Support the CPD needs of Institute Members.5. Ensure the superannuation and retirement income education is up to date and is relevant.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=0b75ef18-5161-4f31-bce4-d2b6eb269a05DESCRIPTION:David Knox (Global Pension Expert), Tim Jenkins (Partner at Mercer) and Richard Dunn (Consultant at Rice Warner) discuss the Gender Inequality Gap in Retirement Savings Gap and what you can expect to see at the upcoming 2021 All-Actuaries Virtual Summit in the latest Actuaries Institute Podcast.David and Richard share their ideation and research behind their Superannuation plenary session and why it's important not only for themselves but for all actuaries to be invested in closing the gender gap.Tim, David and Richard also discuss what Superannuation concurrent sessions they are looking forward to attending.Register for the 2021 All-Actuaries Virtual Summit - https://www.actuaries.asn.au/microsites/all-actuaries-virtual-summit-2021/registrationABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=3a2a28c3-f71b-41c2-9ac1-865853e35b47DESCRIPTION:Dee Madigan (Creative Director at Campaign Edge), Queenie Chow (Microinsurance Specialist at Milliman) and Vice President Naomi Edwards discuss the 2021 All-Actuaries Virtual Summit in the latest Actuaries Institute Podcast.Dee discusses her background as a creative director and panellist for consumer affairs talk shows having appeared regularly on Gruen, Sunrise and The Latest.Naomi and Queenie bring their unique perspective on what it means to be an actuary and the perception of the brand and profession.Register for the 2021 All-Actuaries Virtual Summit - https://www.actuaries.asn.au/microsites/all-actuaries-virtual-summit-2021/registrationABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=4934ef3a-79e5-4532-a09b-ea87ab7f9761DESCRIPTION:Following on from the record-breaking 2020 All-Actuaries Virtual Summit, Jennifer Lang (2021 Virtual Summit Organising Committee Convenor) and Naomi Edwards (Actuaries Institute Vice President) discuss the ins and outs of the 2021 Summit in the latest Actuaries Institute Podcast.Joining each other virtually to record this podcast, Jennifer and Naomi dissect the exciting plenary and concurrent program on offer, the high-profile guest speakers locked in to present, and the bargain registrations options which are simply too good to pass up. Register for the 2021 All-Actuaries Virtual Summit - https://www.actuaries.asn.au/microsites/all-actuaries-virtual-summit-2021/registrationABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=63996dae-cc91-4155-bac6-b8ad7e5cdd9cDESCRIPTION: In the final Actuaries Institute podcast for 2020, Risk Management Practice Committee (RMPC) Convenor Liz Baker joins RMPC member Meera Sardana to discuss the latest news, developments and objectives of the RMPC.The RMPC is among the Institute’s smaller Practice Committees, comprising 12 members who work in a wide variety of areas. These industries include life insurance, general insurance, and wealth management, while other RMPC members are university educators, and one is working in marketing analytics.Find out more about the RMPC: https://actuaries.asn.au/microsites/actuaries-managing-risk/people-and-network/rmpcABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=c3c09a0e-929a-4619-9096-45142b4c3f37DESCRIPTION: The outsized growth of the gig economy in recent years has generated strong debate in politics and the general community around the issues of workplace protections, employment rights and financial security of gig economy workers.Now, an in-depth analysis of consumer spending data has revealed new insights into the impact of the gig economy, as discussed in the latest Actuaries Institute Green Paper, 'The Rise of the Gig Economy and its Impact on the Australian Workforce'.Download Paper: https://actuaries.asn.au/Library/Opinion/2020/GPGIGECONOMYWEBtest.pdfMedia Release: https://actuaries.asn.au/Library/MediaRelease/2020/MediaReleaseGigEconomyGreenPaperFinal161220.pdfABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=642ce3cb-6773-45da-87ca-836798f3d809DESCRIPTION:In the latest Actuaries Institute Podcast, Kriti Khullar is joined by the Institute’s Young Data Analytics Working Group (YDAWG) members, Henry Ma and Ean Chan, to discuss their recent analysis of the 2020 US Presidential Election Twitter feed. With a focus on both incumbent President Donald Trump, Democratic nominee Joe Biden, their respective parties and the public, Henry and Ean discuss the method they created for their analysis, the meaningful insights they extracted and reflect on how accurate their analysis was.Find out more about the YDAWG’s analysis of the 2020 US Presidential Election - https://www.actuaries.digital/2020/10/30/make-actuaries-generate-analytics-a-serial-twitter-analysis-for-the-2020-us-presidential-election-by-ydawg-analytica/ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=97717e83-49ad-4a3b-9f1c-3dc1b18ff571DESCRIPTION: Actuaries already stand out in a world crying out for the brilliant analysis and communication of data. But some actuaries do it better than others. This new course – developed by Macquarie Business School, tailored specifically for Actuaries and endorsed by the Actuaries Institute – will give you the burst of intense training you need to get back in front of the curve on data analysis. In this episode of the Actuaries Institute Podcast, Basem Morris, of the Institute's Data Analytics Practice Committee, interviews Maggie Lee, Senior Lecturer in the Department of Actuarial Studies and Business Analytics at Macquarie University, to find out more about the course and why Actuaries should consider signing up.THE COURSE: https://bit.ly/MQUDataSpanning data visualisation and manipulation, machine learning, AI and data ethics, the course is intense, practical and business focused. By the end of the 10 weeks you will be able to:- Apply the latest data analysis techniques to business problems.- Source, prepare, manipulate and evaluate data to be used in modern machine learning.- Know the different modern machine learning methods and how to apply them to solve actuarial problems.- Understand the professional and ethical issues around using the latest data analysis and machine learning methods in a business environment.When: 10 weeks: 1 March - 17 May 2021.Where: Online self-paced Learning including weekly virtual consultations with Macquarie Business School facilitators.How much? $2,350 (incl GST) Early Bird Discount applies. Register before 31 January 2021 (to receive 10% discount).Register: https://events.mgsm.edu.au/event/4YB22Z/ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=04b3b5d3-3045-4017-95a9-6a43c7a2c482DESCRIPTION: Affordability of property insurance is a complex issue that remains a challenge for many stakeholders, notwithstanding numerous inquiries over at least the past decade. The ACCC’s three-year Northern Australia Insurance Inquiry is the latest and about to wrap up with the final report to be delivered to the Treasurer.It is against this backdrop, with an overlay of a longer-term overall increase in climate‑related risks, that this latest Actuaries Institute Research Paper, Property insurance affordability: Challenges and potential solutions, has been launched. In this episode of the Actuaries Institute podcast, authors Rade Musulin and Kate Lyons join Vanessa Beenders to discuss the key points and recommendations of the research.Download Paper: https://actuaries.asn.au/Library/Miscellaneous/2020/GIRESEARCHPAPER.pdfMedia Release: https://www.actuaries.asn.au/Library/MediaRelease/2020/MediaReleasePropertyInsuranceAffordability301120Final.pdfABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=5a1a74c4-3ead-453e-bcf5-7328bdf7b1faDESCRIPTION: The conference that every young actuary has been looking forward to all year is action-packed and right around the corner!With the upcoming annual Young Actuaries Conference (YAC) fast approaching on Tuesday 8 December, James Aclis, Convenor of the Organising Committee and Michelle Dong, member of the Organising Committee discuss the origins of YAC and provide an exclusive sneak-peak of the program, speakers and virtual networking for the 2020 conference in the latest Actuaries Institute podcast.Register for the 2020 Young Actuaries Conference: https://actuaries.asn.au/microsites/young-actuaries-conference-2020/ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=64a2a45c-3752-4bad-8556-d00130784584DESCRIPTION: Taking the road less travelled has landed Laura Tsui in the cockpit of Qantas’s foray into using data analysis to assess commercial performance and customer engagement. Having completed actuarial studies at the University of New South Wales, Laura opted to move away from traditional actuarial roles and was inspired by the opportunities available in data analytics. In this latest Actuaries Institute podcast, Laura joins Meg Yang, of from the Institute’s Young Data Analytics Working Group, to discuss Laura’s professional journey so far and the key reason why she wouldn’t hesitate to hire actuarial talent to fulfilfor data analytical roles.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=3de6a82a-77f8-42ce-98da-3acdcb3771d8DESCRIPTION: In the latest Actuaries Institute podcast, Angat Sandhu virtually interviews Annette King, chair and co-founder of Galileo Platforms, to discuss the formation and purpose of Galileo, her advice to those considering establishing an insurtech startup, and the important role actuaries will play in the development of the insurtech space into the future.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=9f2690d0-bd9f-4bcd-be2c-2484d136384fDESCRIPTION: Through the ongoing coronavirus pandemic in Asia, the activities of the Institute’s International Committee (IC) haven’t slowed. In this practice update podcast, IC members Brendan Counsell and Andy Yang discuss the IC’s Asia strategy and implementation in the new virtual world.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=30f2030d-35bd-4d3f-89a3-a13071fca038DESCRIPTION: Fresh off being awarded the prestigious 2020 Actuary of the Year Award, Jennifer Lang joins Ian Laughlin to discuss her journey to becoming an actuary, her message to young women entering the profession, and where she sees the future of the actuary in the latest Actuaries Institute podcast.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=bc029c26-f441-4b6d-9811-964cab41fe1bDESCRIPTION: The collective impact of the Hayne Royal Commission, the summer bushfires and the ongoing COVID-19 pandemic has been well and truly felt throughout the general insurance space. In this practice update podcast, Win-Li Toh (Convenor) and Estelle Pearson, of the Institute’s General Insurance Practice Committee (GIPC), revisit these challenges and how they have shaped the future direction of the GIPC and the profession as a whole.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=28a29782-0011-4757-a462-f57e116ffb19DESCRIPTION: Liesje Jansen van Rensburg, Senior Pricing Actuary at Gen Re, joins Yan Sun, Business Development Director – APAC at Axa, to discuss and compare the impact of COVID-19 on insurance businesses in Australia and throughout Asia in the latest Actuaries Institute podcast.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=ca083199-983b-4524-a4e4-cc98eaf45552DESCRIPTION: Monday 17 August 2020 saw the launch of the Australian Actuaries Intergenerational Equity Index (AAIEI), commissioned by the Actuaries Institute and written by three Taylor Fry staff (Ramona Meyricke, Laura Dixie and Hugh Miller).The Green Paper, 'Mind the gap – The Australian Actuaries Intergenerational Equity Index', and the interactive index are both available at the Actuaries Institute webpage. They represent an important contribution to the debate about how to treat generations ‘fairly’ by examining structural factors that have been changing over time.The index itself tracks a wealth and wellbeing score of three distinct age groups over time, using over 20 indicators drawn from six domains (economic & fiscal, housing, health & disability, social, education and environment) with the overall absolute index results shown below.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

Transcript: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=fcacc1df-3e10-4f12-9e65-2b2a7493dffcDESCRIPTION: In line with the successful launch of the Dialogue paper Spending in retirement and the taper rate, author Andrew Boal recently joined John McLenaghan on the Actuaries Institute podcast to discuss the key points and recommendations of the paper.Download the Dialogue Paper: https://actuaries.asn.au/Library/Opinion/2020/TheDialogueNo11SPENDINGINRBOALWEB1.pdfABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

Transcript: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=606e9734-10bf-4a70-a638-23518c89a2d4DESCRIPTION: Today the Actuaries Institute releases another publication in its Dialogue series - Developing the retirement income framework. Written by Anthony Asher, Convenor of the Retirement Incomes Working Group, the Dialogue explores the case to be made for a compulsory longevity risk management element to be added to superannuation products.In this podcast, Anthony is joined by Jim Hennington to discuss the key points and recommendations of the Dialogue, which conclude that:- superannuation funds should include a longevity-based product in their retirement income offerings and provide retirees with greater levels of low-cost financial advice; and- having products that more efficiently manage longevity risk will result in higher living standards in retirement and better align the superannuation system with its objectives.Download the Dialogue Paper: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=b6c596fe-d86e-4ed6-82b2-b9faeca533fdABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=131c8150-29dd-4cce-b655-00e27f9293d2DESCRIPTION: Life Insurance and Wealth Management Practice Committee Convenor, Anton Kapel, is joined by committee member David Millar to discuss the latest news and developments from the LIWMPC, including the committee’s structure, its response to the Hayne Royal Commission, and the challenges posed to life insurers by COVID-19.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=213b0239-8671-4e03-a633-46df5fb87650DESCRIPTION:Martin Mulcare interviews Matthew Tiong, Senior Consultant at NMG Consulting, on his role in creating a predictive model to help guide the Institute’s COVID-19 Working Group, and the profession, in tackling the challenges posed by coronavirus.In their virtual catch-up on 29 May, Matthew talked with Martin about the key findings from his modelling research and some ideas for modelling a potential second wave of infections.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=8df4adbe-eb6b-4020-8dae-a7139b9e9deeDESCRIPTION:Shannon Lin interviews Dr. Achim Regenauer, Global Chief Medical Officer for PartnerRe, on the role of actuaries in monitoring the ongoing COVID-19 pandemic, and the possible unknown cases actuaries need to be aware of when modelling data.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=ad3c66f7-fc63-4bd0-b42b-db6bc912cdeaDESCRIPTION:Beneath the simple description of actuarial science – assessing, evaluating and managing financial risks – are a multiplying number of career choices available to today’s university students, as recent graduate Alyssa Dai tells Actuaries Institute student member Bob Shipway in this latest Institute podcast.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=dfbc6957-ca34-48c9-98f9-678967045a16DESCRIPTION:In response to the outbreak of coronavirus, the Institute has formed the COVID-19 Working Group to assist business, government and the broader community understand the nature and impacts of the pandemic.Jennifer Lang is leading the Working Group, unlocking the profession's skillset to bring objectivity to the discussions and debates stemming from COVID-19.In the latest edition of the Actuaries Institute podcast, Jennifer joins Institute Head of Public Policy John McLenaghan to discuss the basis of forming the Working Group, its key areas of focus, and how Institute Members can contribute.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=e102ac5f-efc0-4d6c-81d7-abdfac71924dDESCRIPTION: Amid the COVID-19 disruptions, Estelle Pearson and Jefferson Gibbs speak about the commitment to deliver value to Members and successfully transitioning the 20/20 All-Actuaries Summit to a virtual event.In the latest episode of the Actuaries Institute podcast, Institute Senior Vice President Jefferson Gibbs hosts Estelle Pearson, Convenor of the 20/20 All-Actuaries Virtual Summit, to discuss the tough decisions which were made to cancel the original Summit, the transition to a virtual event, and to outline the exciting program and how the Virtual Summit will be delivered.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=04d5f59e-4106-4b2d-b052-3f639953dd8fDESCRIPTIONIn her role as CEO of Insurtech Australia, Rita Yates works closely with actuaries and has firsthand experience of the variety of ways which the profession can strongly benefit the insurance value chain.Speaking on the Actuaries Institute podcast with Actuaries Digital Chief Editor Angat Sandhu, Rita speaks about the opportunities available to actuaries within the insurtech space, an area which has experienced rapid growth since its introduction into the Australian market in October 2017.ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=0450822c-3a96-4864-949a-d94f87c5032eDESCRIPTIONActuaries Institute Councillor Iris Lun interviews Greg Solomon, Head of Life and Health at Peak Re, to discuss the ongoing impact COVID-19 is having on the global insurance industry.With more than 25 years reinsurance industry experience, Greg Solomon oversees the expansion of Peak Re’s Life and Health insurance portfolios. Greg joined Iris virtually to discuss the challenges insurance companies face in adjusting risk models in the volatile coronavirus climate, why it’s important for countries to release accurate mortality and morbidity data, and some thoughts on insurers need to do to ensure the mental wellbeing of their clients.ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=ae8f3413-4b37-4698-a567-5a4951b53e5dDESCRIPTIONIn the latest in the Actuaries Institute podcast series, Bartosz Piwcewicz and Amanda Aitken of the Actuaries Institute's Data Analytics Practice Committee sit down to discuss the news and developments from the DAPC in a podcast.ABOUT THE DATA ANALYTICS PRACTICE COMMITTEEThe data analytics space is a rapidly evolving area with broad reaching applications. The advent of big data has led to an explosion in captured data, analytics approaches and businesses harnessing this data to create new industries or reinvent the way existing industries operate.There is a large opportunity for the profession to make a significant contribution to data analytics in Australia and globally. International actuarial associations also recognise the importance of data analytics and are in varying stages of development.There are four main areas of focus: Vision - Determine a strategic vision for Actuaries Actuarial Community - Develop a community for Actuaries working in data analytics Education - Investigate short, medium and long-term qualification and CPD requirements Employer engagement - Better understand the needs of employersThe Data Analytics Practice Committee has been working together since early 2015 on a number of foundations in collaboration with the membership, employers and the broader data analytics community.ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=8fc59414-8f89-46f0-9ce7-e39bf42700beDESCRIPTIONIn the latest in the Actuaries Institute podcast series, Susan Looi and Liz Baker of the Actuaries Institute's Risk Management Practice Committee sit down to discuss the news and developments from the RMPC in a podcast.ABOUT THE RISK MANAGEMENT PRACTICE COMMITTEEThe Risk Management Practice Committee of the Actuaries Institute is a committee covering cross-practice risk management topics. There are 14 members of the RMPC with a broad set of skills and experience. They come from diverse fields, including life insurance, general insurance, health, banking, insurtech and marketing analytics. ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

PODCAST TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=86822f1d-5cfa-4f9d-8c9e-8994f9de6508Dr. Karl Kruszelnicki gave a jam-packed, wondrous Keynote speech to around 500 actuaries and insurance professionals at the Actuaries Summit in June 2019. A few months later, the quirky scientist, Triple J radio-host, qualified doctor and engineer, received the 2019 UNESCO Kalinga Prize for the Popularisation of Science in recognition of his longstanding commitment to fire up people’s curiosity for science and share his passion for the subject. In this fast talking interview with Actuaries Digital Editor Steph Quine, Dr Karl gives kudos to actuaries for their long term data tracking and early pointing out of key patterns like: 1. if you smoke cigarettes that it's bad for your health, and you die sooner; and2. climate change is as real as it's appearance on insurance premiums."Long term they're [actuaries are] giving us a snapshot of our society day by day, month by month, year by year, decade by decade, going back over generations," said the doctor. In a chat that ping pongs from global emissions, to running for politics, to peace, war, technology and several book reviews, Steph just keeps up with Australia's favourite scientist.SHOW NOTES:Actuaries Summit 2019 Presentations: https://www.actuaries.asn.au/microsites/actuaries-summit-2019/program-and-presentations/program-snapshotDr Karl Kruszelnicki becomes first Australian to win UNESCO Kalinga Prize: https://www.abc.net.au/news/science/2019-11-20/dr-karl-kruszelnicki-unesco-award-science-communication/11717044

TRANSCRIPT:https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=e36bb424-537f-4d02-a108-6ef4894e8869DESCRIPTIONIn the latest in the Actuaries Institute podcast series, Lesley Traverso, Helena McGeorge and Ricky Au of the Actuaries Institute's Diversity and Inclusion Working Group sit down to discuss the latest news and developments from the DIWG in a podcast.ABOUT THE DIVERSITY AND INCLUSION WORKING GROUPThe Diversity and Inclusion Working Group of the Actuaries Institute has the key objective to act as an advisory group to Council, to promote a diverse and all-inclusive culture in the profession, which will not only benefit existing members, but will also be key to attracting a broad range of students to the profession.This sets the foundations for the Institute to build an all-inclusive culture where all members and the HQ team are valued and recognised for their unique qualities, ideas, experiences, voices and perspectives. The objectives of the DIWG will be aligned with the objectives of Council.ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT:https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=efce3af4-c8f7-4530-9255-7bcec3f69dd2DESCRIPTIONIn the latest in the Actuaries Institute podcast series, Tim Jenkins and Louise Campbell of the Actuaries Institute's Superannuation Practice Committee sit down to discuss the news and developments from the SPC in a podcast.ABOUT THE SUPERANNUATION PRACTICE COMMITTEEThe Superannuation Practice Committee of the Actuaries Institute contributes to the strategic direction of the Institute, actively supports the development of actuarial practice through the Institute’s education, CPD, standard-setting, public policy and research activities, andactively identifies and promotes opportunities for members working in superannuation and facilitates communication and liaison within the profession.ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT:https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=6f3dd638-9abd-48a4-b9d8-ff1577a32b24DESCRIPTIONIn the latest in the Actuaries Institute podcast series, Vanessa Beenders sits down with Andrew Matthews (Chief Actuary at Medibank Private), Francesco Paolucci (Professor of Health Economics, Newcastle Business School - University of Newcastle), and Adam Stolz (Deputy Chief Actuary and General Manager Pricing at Medibank Private) to discuss the launch of Private Health and Health Care Financing: Learning from the world. Andrew, Francesco and Adam, along with Josefa Henriquez, collaborated to write the Dialogue Paper, an initiative of the Actuaries Institute Public Policy team.ABOUT THE SPEAKERSAndrew Matthews is an Associate Professor at Monash University,a Director of The Stroke Foundation, currently ChiefActuary of Medibank Private and soon to join FinityConsulting. His main focus is Health Insurance. Andrew isa Fellow of the Actuaries Institute. He also has a Master’s in OrganizationalDevelopment (MSOD) with Pepperdine University in California, USA – aleadership program in the art and science of strategic change and buildingorganizational capability. Andrew’s experience spans corporate, consultingand education.Franceso Paolucci is Professor in Health Economics in theNewcastle Business School at The University ofNewcastle in Australia, and at the School of Economics,Management & Statistics, University of Bologna in Italy.A scholar and advisor, over the last decade he has published extensivelyin the areas of public policy, economics and management with a particularfocus on healthcare nationally and internationally. Some of his publishedwork includes one single authored book, three edited special issues inpeer reviewed journals and 55 academic peer-reviewed articles. In 2016 hereceived a ‘40under40’ Business News award in WA for his entrepreneurialand business leadership. Francesco is a permanent member of the RiskAdjustment Network, which is the leading network in health insurance andfinancing research and advisory globally, and the country representativefor Australia.Adam Stolz is a senior actuary with broad experience in healthinsurance, life insurance and retirement savings, inAustralia as well as internationally. Adam is currentlyDeputy Chief Actuary and General Manager Pricing atMedibank, and has previously worked with AIA and AXA in France and theUS. Adam has a passion for customer-orientated innovation in the healthand insurance sectors.Josefa Henriquez is an economist currently working at theUniversity of Bologna in Italy on the European Horizon2020 funded MCDS Therapy economic research group.She was formerly an advisor in the Minister’s Cabinet atthe Ministry of Health of Chile, where she focused on the development ofthe health insurance reform act. Josefa’s research has concentrated onhealth economics and she recently contributed to the publication of theChilean chapter of the book ‘Risk Adjustment, Risk Sharing and PremiumRegulation in Health Insurance Markets’ 2018, Elsevier.ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=306315a6-7367-4a84-854c-48a8ee983374DESCRIPTIONIn the latest in the Actuaries Institute podcast series, Bozenna Hinton and Brendan Counsell of the Actuaries Institute's International Committee sit down to discuss the latest in international developments for the global and local actuarial profession in a podcast.ABOUT THE INTERNATIONAL COMMITTEEThe International Committee of the Actuaries Institute actively identifies and promotes opportunities for members internationally, represents Australia on the international stage, and contributes to the strategic direction of the Institute. ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=9fa6ac72-ceb3-42d1-baaf-b90682e0bf0cDESCRIPTIONIn the latest in the Actuaries Institute podcast series, Consulting actuary Paul Swinhoe sits down with Co-Founder and Director of 10Life Iris Lun about starting 10Life in the Hong Kong market, how they’ve reached over half a million customers already and the highs and lows of being an entrepreneur.ABOUT THE SPEAKERSIris Lun is Co-founder and Director of 10Life, an insurtech company based in Hong Kong focussed on bringing transparency to insurance consumers. Iris has 20 years of international experience in the insurance industry across Australasia and Europe. Prior to starting 10Life, Iris held various actuarial and business positions at global consulting and life insurance companies including Prudential, ING Group and Towers Watson, covering areas in pricing, valuation, product development, risk management and strategic business management. Iris is a Fellow of the Actuaries Institute Australia and the Actuarial Society of Hong Kong, and holds a combined Bachelor of Commerce (Actuarial Studies) and Arts (Japanese) degree from the University of Melbourne.Paul Swinhoe is a consulting actuary and Principal at Deloitte. Paul has more than 30 years of experience in actuarial and consulting roles specialising in life insurance, wealth management, annuities and reverse mortgages.ABOUT THE ACTUARIES INSITITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=8159e8a9-004b-4ffb-8ce3-b37d56da415bSHOW NOTES: The Impact of Climate Change on Mortality and Retirement Incomes in Australiahttps://actuaries.asn.au/Library/Opinion/2019/TheDialogue10ClimateWEBLres.pdfDESCRIPTIONIn this episode of the Actuaries Institute podcast series, Vanessa Beenders sits down with Ramona Meyricke (Senior Actuary, Insurance Risk Review and Analytics at TAL Australia) and Rafal Chomik (Senior Research Fellow at the Centre of Excellence in Population Ageing Research, University of New South Wales) to discuss the launch of The Impact of Climate Change on Mortality and Retirement Incomes in Australia.Ramona and Rafal collaborated to write the Dialogue, an initiative of the Actuaries Institute Public Policy team.ABOUT THE SPEAKERSRamona Meyricke is a senior actuary with 12 years’ experience in superannuation and life insurance. Her work focuses on financial and enterprise risk management for life insurers, superannuation funds, and pension providers. She is a member of the Institute’s Climate Change Working Group.Rafal Chomik is a Senior Research Fellow at the Centre of Excellence in Population Ageing Research, located in the University of New South Wales Business School. Previously, he worked as an economic advisor for the British government and as a pension’s economist at the OEACD.ABOUT THE ACTUARIES INSITITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

Margo Lydon believes this is a golden moment for change in treatment of mental health conditions in Australia. Politicians have put it firmly on the agenda and Margo is calling actuaries to consider helpful data outside the medical model, to create better pricing, products, and approaches to insurance in the space.

Member of the Institute's Diversity and Inclusion Working Group Ashish Ahluwalia speaks to Duncan Fish, Occupational Psychologist and Executive Coach. The two discuss inclusivity, having your voice heard and three important components of leadership.

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=a9d7fcfb-9533-4908-bc8f-d9f2222d2053SHOW NOTES: Options for an Improved and Integrated System of Retirement 'Green Paper':https://actuaries.asn.au/Library/Miscellaneous/2019/RetirementIncomesGreenPaperFinal.pdfDESCRIPTIONIn Episode 2 of this Actuaries Institute podcast series, Vanessa Beenders sits down with Anthony Asher (Associate Professor at the School of Risk and Actuarial Studies at UNSW), David Knox (Senior Partner at Mercer) and Michael Rice (Executive Director at Rice Warner) to discuss the launch of Options for an Improved and Integrated System of Retirement. Anthony, David and Michael are each leading actuaries and collaborated to write the Green Paper, an initiative of the Actuaries Institute Public Policy team. ABOUT THE SPEAKERSAnthony Asher is an Associate Professor at the School of Risk and Actuarial Studies at UNSW and Convenor of the Actuaries Institute Retirement Incomes Working Group. Anthony has 40 years of experience in life insurance, investments and superannuation.David Knox is a Senior Partner at Mercer and lead author on the Melbourne Mercer Global Pension Index. David is a former regulator and academic and has contributed extensively to the public policy debate about superannuation and retirement income.Michael Rice is Executive Director at Rice Warner, an independent consultancy and research house in financial services. Michael is also well known for his extensive contribution to public policy debate in this area.ABOUT THE ACTUARIES INSITITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=6472008c-a487-4e57-b82e-d24b9b516a9bSHOW NOTES: Options for an Improved and Integrated System of Retirement 'Green Paper':https://actuaries.asn.au/Library/Miscellaneous/2019/RetirementIncomesGreenPaperFinal.pdfDESCRIPTIONIn Episode 1 of this Actuaries Institute podcast series, Vanessa Beenders sits down with Anthony Asher (Associate Professor at the School of Risk and Actuarial Studies at UNSW), David Knox (Senior Partner at Mercer) and Michael Rice (Executive Director at Rice Warner) to discuss the launch of Options for an Improved and Integrated System of Retirement. Anthony, David and Michael are each leading actuaries and collaborated to write the Green Paper, an initiative of the Actuaries Institute Public Policy team. ABOUT THE SPEAKERSAnthony Asher is an Associate Professor at the School of Risk and Actuarial Studies at UNSW and Convenor of the Actuaries Institute Retirement Incomes Working Group. Anthony has 40 years of experience in life insurance, investments and superannuation.David Knox is a Senior Partner at Mercer and lead author on the Melbourne Mercer Global Pension Index. David is a former regulator and academic and has contributed extensively to the public policy debate about superannuation and retirement income.Michael Rice is Executive Director at Rice Warner, an independent consultancy and research house in financial services. Michael is also well known for his extensive contribution to public policy debate in this area.ABOUT THE ACTUARIES INSITITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=5a8a30b2-522a-4bd8-a3bf-8cc4148d4b2bDESCRIPTIONIn this instalment of the Actuaries Institute podcast series recorded at the 2019 Actuaries Summit, Actuaries and members of the Superannuation, Projections and Disclosure (SPD) Sub-Committee, Rein Van Rooyen (Head of Investment Performance and Data at QSuper) and Estelle Liu (Consultant at Rice Warner Actuaries) to discuss the sub-committee’s key activities, submissions and collaborations with the Retirement Income Working Group.Rein, Estelle and the other members of the SPD have been very active in promoting Actuaries working in projection and disclosure related matters, including recent engagement with the Treasury, APRA, ASIC and the wider financial services and insurance industries.SHOW NOTESActuaries Summit 2019 – Cross Practice PlenaryAustralia’s Compulsory Retirement Savings Rate: Inadequate or about Right?John Daley Presentation: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=d85d961c-4657-4838-bcbd-83b308049ccdDavid Knox Presentation: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=965821f6-3f10-4a51-a74a-fee6abd48033Discussion topics include:•The sub-committies activites relating to treasury based items including a focus on MySuper and Choice dashboards.•Engagement with APRA on SPS 515 member outcome tests•Working with ASIC on outstanding issues including the recent CP 308 review of RG 97 fees and costs disclosure matters.•Advocacy of exemption from requirement for financial advice license for DB projection statement to ASIC.•The four submissions in 2019 to date on ASIC, treasury retirement income disclosure in collaboration with the Retirement Income Working Group and historical random start modelling on investment return.•How to support the introduction of long-term risk measures across the industry•Promoting superannuation projection as the best means to assess superannuation fund member benefit outcomes.•Vacant role/s in the SPD sub-committee.•An indirect cost survey that was sent to sixteen Actuaries working for super funds and related financial institutions.•The cross practice plenary session at the Actuaries Summit 2019 focusing on the debate between Actuaries Dr. David Knox and John Daley arguing for and against raising the superannuation guarantee from 9.5% to 12%.ABOUT THE SPEAKERSEstelle Liu joined Rice Warner in February 2019 after four years at Mine Super. Estelle’s areas of focus were on retirement solutions and investments. Estelle has qualified as an Associate of the Institute of Actuaries of Australia (AIAA) and Chartered Enterprise Risk Actuary (CERA). Prior to this, Estelle studied at the University of New South Wales where she obtained a Bachelor of Commerce degree with a first-class Honours in Actuarial Studies. Her thesis which focuses on Immunization and Hedging of Post Retirement Income Annuity Products was published on the Risks Journal in March 2017.Estelle is currently the Convenor of the Actuaries Institute’s Superannuation Projection and Disclosure Sub-committee.Rein Van Rooyen is an Investment Manager at QSuper where he is responsible for the development of ALM strategies for the DC fund. Rein serves on the IAA Education Committee, the Institute’s Education Council Committee, the Superannuation, Projections and Disclosures Sub-Committee as well as the Young Actuaries Program Committee. He is also the Convenor for the Investment Management and Finance Faculty at the Institute.Keep an eye out for our new Apple/iOS/Android mobile apps dedicated to our Podcast series!ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=c3afc2ec-8ab4-46c8-a77a-e0c0ec141214DESCRIPTIONIn this instalment of the Actuaries Institute CareerView podcast series, Kirsten Flynn (Pricing Review Actuary at TAL) and Annette King (Co-Founder of Galileo Platforms Ltd and Non-Executive Director of the Actuaries Institute) discuss their experiences as actuaries working internationally.Kirsten previously worked in Birmingham Alabama while Annette recently returned to Australia after a 14 year career journey overseas in Hong Kong and Singapore.SHOW NOTES2018 – 2019 International Committee Updatehttps://www.youtube.com/watch?v=E8I4AuER-RkDiscussion topics include:•Adjusting to work and life in a new country.•The resulting culture clash and changes in working style compared to Australia.•Legality and regulatory differences between Australia and Asia•The Mutual Recognition Agreement of Actuarial Certifications and how it is applied in America and Asia•Advice for fellow actuaries considering working overseasABOUT THE SPEAKERSKirsten Flynn is a Fellow of the Institute of Actuaries Australia specialising in life insurance and interested in wider fields. She has over 5 years experience within both corporate and consulting environments, working across life insurance, general insurance, health insurance, superannuation and banking. She is currently the Pricing Review Actuary at TAL preparing LPS 320 advice, assisting the Appointed Actuary and previously resided in Birmingham Alabama where she undertook a two-year secondment to work as Project Actuary at Protective Life. Kirsten is also a member of the International Committee and co-presented the International Committee Practice update video for 2018 – 2019.Annette King describes herself as a leader, future-focussed, client and people-centred, change agent, energetic and authentic. Annette is an independent non-executive director of FNZ, a fintech company specializing in wealth management technology. She is co-founder and chair of Galileo Platforms, an insurtech company. Previously she was CEO for Manulife Singapore and has held roles as CMO, CFO and GM. Annette has worked at Manulife, AXA, Mercer, Jacques Martin and Colonial. She has worked in Australia, Hong Kong, Singapore and New Zealand. Annette has previously been President of the Life Insurance Association of Singapore and also Council Member for the Singapore Actuarial Society. She is a Fellow of the Australian Institute of Company Directors.Keep an eye out for our new Apple/iOS/Android mobile apps dedicated to our Podcast series!ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=057cd54a-3745-4d99-bcca-df071efa9108DESCRIPTIONIn this installment of the Actuaries Institute podcast series, Sharanjit Paddam (Head of ESG Risk at QBE Insurance) is joined by Geoff Summerhayes (Executive Board Member at APRA) to discuss APRA’s Information Paper, Climate Change: Awareness to action, released on 20 March 2019, and how APRA plans to respond going forward.APRA surveyed 38 large banks, insurers and superannuation trustees last year to assess their views and practices related to climate-related financial risks. The survey found a substantial majority of regulated entities were taking steps to increase their understanding of the threat, including all of the banks, general insurers and superannuation trustees surveyed.SHOW NOTESInformation Paper | Climate change: Awareness to Actionhttps://www.apra.gov.au/sites/default/files/climate_change_awareness_to_action_march_2019.pdfAustralia 'leaders' in climate risk supervision https://actuaries.logicaldoc.cloud/download-ticket?ticketId=2838ddcf-1e09-48c6-85e7-6d87d0d6c774AFR - 6 June 2019 Licensed by Copyright Agency. You must not copy this work without permission. Actuaries Managing Riskhttps://actuaries.asn.au/microsites/actuaries-managing-riskThe Dialogue – Climate Risk Disclosure (ft. Sharanjit Paddam and Andrew Doughman)https://www.spreaker.com/episode/14153368Discussion topics include:•The background and research behind APRA’s Information Paper.•APRA’s approach to increasing awareness of climate change related risks amongst it’s 38 entities including banks, insurers and superannuation funds and subsequently moving from awareness to action through workshops, supervisory material and guidance including to its internal 600 employees.•The link between climate extremities e.g. heat stress and a rise in general insurance claims including a correlation between substance abuse, alcohol, drugs, crime and domestic violence issues.•What’s next for APRA on risk from climate change.•How Actuaries can give companies the ability to understand climate related risks in the longer term through robust scenario analyses using core data sets.ABOUT THE SPEAKERSGeoff Summerhayes was appointed a Member of APRA from 1 January 2016 for a five-year term. As an Executive Board Member of APRA his responsibilities include the oversight of the General, Life and Private Health Insurance sector. He is a member of the Executive Committee of the International Association of Insurance Supervisors and Chair of its Audit and Risk Committee, and Chair of the Sustainable Insurance Forum, which was established under the UN Environment Program.Mr Summerhayes was Chief Executive Officer of Suncorp Life from 2008 to 2015, as well as being a director of Suncorp Portfolio Services Ltd and of Asteron Life NZ. Before joining Suncorp he held a number of senior roles at the National Australia Bank (NAB) in strategy, product and distribution. Prior to that he was CEO of Retail Investment at MLC and also held senior roles at Lend Lease. Mr Summerhayes was a director of the Financial Services Council and was co-chair of their Life Board Committee.Sharanjit is Head of ESG Risk at QBE Insurance Group. He has over 20 years’ experience in general insurance and accident compensation. He has acted as Appointed Actuary to a number of insurers and reinsurers, and specialises in natural disasters and measuring environmental and social impact. He was previously the Chief Editor of Actuaries.Digital and convenes the Actuaries Institute's Climate Change Working Group.Keep an eye out for our new Apple/iOS/Android mobile apps dedicated to our Podcast series!ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=2d1ed620-77a9-410b-8b0e-be4020d96694DESCRIPTIONIn this instalment of the Actuaries Institute podcast series, Practice Excellence Adviser at the Institute, Vanessa Beenders sat down with Bevan Damm and Matthew Crane, authors of the new Green Paper 'How To Make Private Health Insurance Healthier' to discuss their research and findings.The healthcare system in Australia is complex. It involves many funders and healthcare providers with competing interests, both from the public and private sectors. However, despite its complexity, the healthcare system in Australia is one of the best in the world and, for a long time, private health insurance has been a part of that system. So, without reducing or expanding the role of PHI in the healthcare system more broadly, how can the community get more from private health insurance?Discussion topics include:•The complexities surrounding the current structure of Private Health Insurance and the Public healthcare system including regulations, community rated products, Medicare rebates and risk equalization.•Different philosophical viewpoints on how to make private health insurance work better including the Medicare levy surcharge, priority in the current system for claiming and treatments and appropriate care in the public healthcare system.•Key issues in the current system that Bevan and Matt have addressed in their key paper including; •Limitations and lack of ability for a patient to choose the correct treatment and how to receive said treatment. •Confusion surrounding the policyholders benefits and claim entitlements. •The affordability of private health insurance as wage growth slows while the average premium continues to rise, year on year. • Convincing ‘healthier’ people to buy private health insurance products to further reduce premium costs. •The changing pathways of treatments that enable better access for less complex surgeries and treatments that the private health insurance sector hasn’t adjusted their coverage for.•Potential solutions for fixing private health insurance including; •Creating a new tool for GP’s and care coordinators to guide the patient though their choices including greater transparency, clear, easy-to-understand information on fee’s, waiting times, claims. •Incentivising insurers to reduce unnecessary claims costs. •Targeting inefficiencies in the supply side of private healthcare services e.g. tackling the cost of a specific service such as prosthetics, administration fees, add-on fees, hidden fees that may occur form specialists etc. •Focusing on increasing the health of policyholders with private health insurance to reduce the average costs of premiums and incentivising younger and healthier people to buy private health insurance cover. •Improving the perception of private health insurance via the whole private sector working together to reflect on how to create value as opposed to shifting the blame. The government should also do more to promote the value of having private health insuranceBevan and Matt will be discussing their research and key findings on Day 1 of the Actuaries Summit, held on June 3, 2019 at the ICC Sydney.ABOUT THE SPEAKERSBevan Damm is a Partner at EY and has fifteen years’ experience in the insurance industry, specialising in health insurance, general insurance and personal injury insurance, following sixteen years’ of service with the Australian Navy. He is the Appointed Actuary to two private health insurers and the Scheme Actuary to the NSW State Insurance Regulatory Authority. This unique mixture of experience allows Bevan, in addition to understanding health insurance issues, to bring forward efficiencies and approaches that other industries are applying.Matt is a Senior Manager in EY’s Government Advisory team, focusing on the Health and Human Service sectors. In addition, he specialises in health insurance, providing actuarial advice to a wide range of health insurers. Matt has developed a deep understanding of actuarial issues in health insurance through his former role as the lead actuary for the health insurance regulator (PHIAC) and has served on the Institute’s Health Practice Committee.Vanessa is a Practice Excellence Adviser at the Institute. Her prior background spans government, financial services and education in both public and private sectors. Vanessa has worked in the Commonwealth Department of Treasury, including as an adviser in the Federal Treasurer’s office. Her experience in financial services was with the Commonwealth Bank of Australia Group and included corporate strategy, equities research and government relations. More recently, Vanessa was a primary school teacher. Vanessa has a Bachelor of Economics (Hons) and Bachelor of Education (Primary).SHOW NOTESGreen Paper – How to Make Private Health Insurance HealthierLINK TBCMore Green Papershttps://actuaries.asn.au/public-policy-and-media/thought-leadership/green-papersPeace of Mind Podcast (Mental Health and Insurance Green Paper)https://actuaries.asn.au/public-policy-and-media/thought-leadership/green-papers/mental-health-and-insurance/peace-of-mind-podcastKeep an eye out for our new Apple/iOS/Android mobile apps dedicated to our Podcast series!ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=d8a41000-795d-40d6-99f7-00eb8f57880cDESCRIPTIONIn this installment of the Actuaries Institute podcast series, Angat Sandhu interviews Peter Tilocca, an executive in the underwriting industry for over 25 years and currently Chief Underwriter at ANZ wealth to discuss the partnership between OnePath and UTS Advanced Analytics Institute, the importance of complex data collection, analysis and how it’s beginning to transform underwriting.Discussion topics include:•The partnership between OnePath with the UTS Advanced Analytics Institute to examine 50 million rows of data•What changes have/have not occurred in the life insurance industry•How has technology helped facilitated change within the insurance industry•The unexpected difficulties of the data collection and data analysis process including filtering out the substance form the noise in data sets, transparency, governance and judgement overlay, particularly in reselection and pricing.•Early results from the collaboration between OnePath and UTS AAi in reducing the number of underwriting questions from 30 – 40 to 13, making the claims process easier for the policy holder.•Changing the thought process of “I want to fix everything” vs. realistic expectations of solving problems with the dataset.•How underwriting may look like in 3-5 years in an Australian context through the power of external data sources, different pricing factors and potentially the open banking environment.Peter Tilocca is the Chief Underwriter at ANZ, responsible for underwriting policy, quality framework, underwriting rules engine tools and transformation/innovation. Prior to joining ANZ, he held a variety of senior roles with The Reinsurance Group of America. He also spent four years working with ING where he was employed as the firm's chief underwriter.Angat is a Partner at Oliver Wyman and leads their Australian Insurance and Wealth Management practice. He is motivated to improve consumer awareness and trust in these sectors. He is an Actuary, and the Chief Editor of Actuaries Digital https://www.actuaries.digitalSHOW NOTESArticle – Reinventing life insurance underwriting by Angat Sandhuhttps://www.actuaries.digital/2017/01/11/7-things-life-insurers-should-be-doing-to-improve-the-underwriting-process/Article – The reinsurance underwriting cycle: a simple supply and demand story by Richard Hartiganhttps://www.actuaries.digital/2018/03/12/the-reinsurance-underwriting-cycle-a-simple-supply-and-demand-story/Keep an eye out for our new Apple/iOS/Android mobile apps dedicated to our Podcast series!ABOUT THE ACTUARIES INSTITUTEAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=ecb33806-ad71-4397-a782-fbba63c3f877DESCRIPTIONIn this instalment of the Diversity and Inclusion podcast series, Mark Baxter and Stephen Kwa discuss their experiences as gay men in the profession.Discussion topics include:•Societal shifts towards acceptance of same-sex attracted people•Being a minority within a minority•Conservative attitudes in families and the workplace•Straight allies and the importance of stepping up to the plate to encourage diversity•Coming out vs. going back into the closet•Mixed experiences with homophobia in the workplace•Gay parents and modern families•How the Actuaries Institute can foster better diversity and inclusion on LGBT issues•Advice for LGBT actuaries in their career Mark Baxter is Chief Risk Officer (CRO) at MLC Australia. He was previously the Chief Risk Officer at QBE Insurance and is a Fellow of the Institute of Actuaries of Australia.Stephen Kwa is the Head of Product, Fixed Income and Multi-Asset at Schroder Investment Management Australia. He is also a Fellow of the Institute of Actuaries of Australia.SHOW NOTESDiversity and Inclusion Working Grouphttps://actuaries.asn.au/about-us/governance/committees/all-committees/members?ID=ZNjqeCg7c0U%3dLGBT articles on Actuaries Digitalhttps://www.actuaries.digital/?s=LGBTAbout the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=1fe5c8de-7a06-4e4f-9f3e-5af6b09b6362DESCRIPTIONIn the final instalment of this four-part series, Martin Mulcare (Actuary, Director at the Growth Project and Facilitator of the Professionalism Course at the Actuaries Institute) interviews Ian and Jess Pollard, on their co-authored book Mental Spinach. This episode revolves around "The Sustainability Lens” and how to avoid burnout by living and working sustainability.Discussion topics include:•Managing expectations of all life aspects•Understanding and creating personal sustainability•Sustainability vs. balance•Renegotiating expectations•Recognising warning signs of potential burnout situations•Eliminating unwarranted perfectionism•Effective organisation methods and toolsIan is an actuary, Rhodes Scholar, international tennis player and currently the chairman of RGA Reinsurance Australia. Jess is a career and creativity coach and a professional singer/songwriter. They are father and daughter; a self-described ‘Yin and Yang’ duo, who collaborated on the Mental Spinach pocketbook to “nourish you in love, work and play”. They aim to inspire others to reflect on their values, desires, strengths and opportunities to navigate big decisions and design a rich and sustainable life. Listen, as they bring together different generational perspectives and tell stories that reveal practical takeaways on enriching your life.SHOW NOTESEpisode 1 of Mental Spinach - No more flying blind - the art of self-awarenesshttps://www.spreaker.com/user/10037734/mental-spinach-no-more-flying-blind-the-Episode 2 of Mental Spinach - Make your own luckhttps://www.spreaker.com/user/10037734/mental-spinach-make-your-own-luckEpisode 3 of Mental Spinach – Your Productivity Equationhttps://www.spreaker.com/user/10037734/mental-spinach-your-productivity-equatioMental Spinach Bookhttps://www.mentalspinach.com- For the Pollards, Mental Spinach is not just a book. It's a project. They want their book to have a tangible impact on the lives of its readers. Further, they aim to positively impact the education and lives of children and young adults by donating to charity every dollar you spend on their book or workshops/keynotes.- In 2018, the Pollards raised over $15,000 for education charities.About the Pollardshttps://www.jessandianpollard.com/about-usAbout Martin Mulcarehttp://www.betterbennelong.com.au/about-martin/Audio clips used (With fair use)"It’s My Life"Artist: No DoubtAlbum: The Singles 1992 - 2003© InterscopeAbout the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=7eaaea3e-7c6b-48b8-8992-1bc898b76d72DESCRIPTIONIn part three of this four-part series, Martin Mulcare (Actuary, Director at the Growth Project and Facilitator of the Professionalism Course at the Actuaries Institute) interviews Ian and Jess Pollard, on their co-authored book Mental Spinach. This episode revolves around "Your Productivity Equation", and how to create the greatest impact in your career, relationships and life.Discussion topics include:•Minimisation of efforts vs. maximal reward•Tapping into exponential growth opportunities and how to identify them•Taking feedback on board constructively•How to conduct a personal time audit•Politely and effectively navigating time negotiation in the workplaceIan is an actuary, Rhodes Scholar, international tennis player and currently the chairman of RGA Reinsurance Australia. Jess is a career and creativity coach and a professional singer/songwriter. They are father and daughter; a self-described ‘Yin and Yang’ duo, who collaborated on the Mental Spinach pocketbook to “nourish you in love, work and play”. They aim to inspire others to reflect on their values, desires, strengths and opportunities to navigate big decisions and design a rich and sustainable life. Listen, as they bring together different generational perspectives and tell stories that reveal practical takeaways on enriching your life.SHOW NOTESEpisode 1 of Mental Spinach - No more flying blind - the art of self-awarenesshttps://www.spreaker.com/user/10037734/mental-spinach-no-more-flying-blind-the-Episode 2 of Mental Spinach - Make your own luckhttps://www.spreaker.com/user/10037734/mental-spinach-make-your-own-luckMental Spinach Bookhttps://www.mentalspinach.com- For the Pollards, Mental Spinach is not just a book. It's a project. They want their book to have a tangible impact on the lives of its readers. Further, they aim to positively impact the education and lives of children and young adults by donating to charity every dollar you spend on their book or workshops/keynotes.- In 2018, the Pollards raised over $15,000 for education charities.About the Pollardshttps://www.jessandianpollard.com/about-usAbout Martin Mulcarehttp://www.betterbennelong.com.au/about-martin/Audio clips used (With fair use)"Work It"Artist: Missy ElliottAlbum: Under Construction© Goldmind© ElektraAbout the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=4fbb268b-f85a-47b8-a680-9b6e2dde85feDESCRIPTIONIn part two of this four-part series, Martin Mulcare (Actuary, Director at the Growth Project and Facilitator of the Professionalism Course at the Actuaries Institute) interviews Ian and Jess Pollard, on their co-authored book Mental Spinach. This episode revolves around "The Opportunity Lens", and how to create your own luck and opportunities.Discussion topics include:• The opportunity pipeline• Increasing flow of opportunities• Tackling difficult conversations• Pursuing the correct opportunities• Navigating opportunity lossIan is an actuary, Rhodes Scholar, international tennis player and currently the chairman of RGA Reinsurance Australia. Jess is a career and creativity coach and a professional singer/songwriter. They are father and daughter; a self-described ‘Yin and Yang’ duo, who collaborated on the Mental Spinach pocketbook to “nourish you in love, work and play”. They aim to inspire others to reflect on their values, desires, strengths and opportunities to navigate big decisions and design a rich and sustainable life. Listen, as they bring together different generational perspectives and tell stories that reveal practical takeaways on enriching your life.SHOW NOTESEpisode 1 of Mental Spinach - No more flying blind - the art of self-awarenesshttps://www.spreaker.com/user/10037734/mental-spinach-no-more-flying-blind-the-Mental Spinach Bookhttps://www.mentalspinach.com- For the Pollards, Mental Spinach is not just a book. It's a project. They want their book to have a tangible impact on the lives of its readers. Further, they aim to positively impact the education and lives of children and young adults by donating to charity every dollar you spend on their book or workshops/keynotes.- In 2018, the Pollards raised over $15,000 for education charities.About the Pollardshttps://www.jessandianpollard.com/about-usAbout Martin Mulcarehttp://www.betterbennelong.com.au/about-martin/Audio clips used (With fair use)"I Should Be So Lucky"Artist: Kylie MinogueAlbum: Kylie© Mushroom© PWLPopeye the Sailor © King Features SyndicateBased on Popeye, created by E.C Segar© Warner Bros. About the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

Public Policy Advisor at the Actuaries Institute, John McLenaghan interviews Ian Laughlin and Hadyn Bernau on their thought leadership paper "the dialogue - social condition report".They reflect on the impacts and fallouts of the royal commission, financial services enquiries and how a social condition report can help identify future social risks that were previously not taken into account.TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=eb437683-2d14-483f-97a9-4b2a1db36c76About the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=b22fc111-456f-472b-be5d-c12d447cc3b2DESCRIPTIONIn part one of this four-part series, Martin Mulcare (Actuary, Director at the Growth Project and Facilitator of the Professionalism Course at the Actuaries Institute) interviews Ian and Jess Pollard, on their co-authored book Mental Spinach.Ian is an actuary, Rhodes Scholar, international tennis player and currently the chairman of RGA Reinsurance Australia. Jess is a career and creativity coach and a professional singer/songwriter. They are father and daughter; a self-described ‘Yin and Yang’ duo, who collaborated on the Mental Spinach pocketbook to “nourish you in love, work and play”. They aim to inspire others to reflect on their values, desires, strengths and opportunities to navigate big decisions and design a rich and sustainable life. Listen, as they bring together different generational perspectives and tell stories that reveal practical takeaways on enriching your life.Discussion topics include:•The first of the four lenses is “Identity” – what’s it all about? •Your Tripod of Foundation: Personal - Social – Financial.•The importance of language in reframing your story and identity?•What are some daily practices to enhance self-awareness?•How do we fit other people into our personal search for identity?SHOW NOTESMental Spinach Bookhttps://www.mentalspinach.com- For the Pollards, Mental Spinach is not just a book. It's a project. They want their book to have a tangible impact on the lives of its readers. Further, they aim to positively impact the education and lives of children and young adults by donating to charity every dollar you spend on their book or workshops/keynotes.- In 2018, the Pollards raised over $15,000 for education charities.About the Pollardshttps://www.jessandianpollard.com/about-usAbout Martin Mulcarehttp://www.betterbennelong.com.au/about-martin/Article - The value of aligning values by Martin Mulcarehttps://www.actuaries.digital/2015/04/24/the-value-of-aligning-values/Investing In Your Life – Ian Pollardhttp://www.investing-in-your-life.com/Audio clips used (With fair use)The Who - Who Are You© The WhoPolydor 2121 361 (UK)MCA (US)Popeye the Sailor © King Features SyndicateBased on Popeye, created by E.C Segar© Warner Bros. About the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

Transcripthttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=7df02de6-bf3d-481c-97f5-1ffe50a39af4David Whittle (Principal at Deloitte, Councillor of Actuaries Institute) and Matthew Maguire (Partner at NMG Financial Services Consulting, President of the Singapore Actuarial Society) discuss the General Insurance market in Asia.Discussion questions include;- What are the catastrophe risks within General Insurance and reinsurance in Asia?- What are the key considerations for insurers in Asia?- What are the insurance regulations in Asia and how has it unfolded?- Are capital requirements and accounting standards different in Asia compared to Australia? what are the characteristics of each?- How are actuaries in Singapore and the wider Asia area getting involved in Data Analytics?- How would you characterise pricing of insurance in terms of it's simplicity or complexity?- What is the future of actuaries and the profession in Asia?- What are the differences between the work an actuary does in Asia compared to Australia?About the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinst

Ashish Ahluwalia (Principal at Finity Consulting and member of the Diversity and Inclusion Working Group) interviews Nicolette Rubinsztein, the 2019 President of the Actuaries Institute on her life, career and experiences with gender diversity in the workplace.Nicolette is committed to increasing focus on diversity in the workplace alongside the Institute's Diversity and Inclusion Working Group (DIWG)Find out more: https://actuaries.asn.au/about-us/governance/committees/all-committees/members?ID=ZNjqeCg7c0U%3d Nicolette will be facilitating the 2019 CPD Tour in Sydney, Melbourne, Perth and Brisbanehttps://actuaries.asn.au/microsites/2019-CPD-Tour/What does the Royal Commission mean for you as an actuary and what should you do differently in future? As an actuary working in the modern business environment affected by corporate culture, media pressure and societal issues, how can you as a professional effectively deal with ethical dilemmas?The upcoming CPD Tour is not to be missed as we bring you experts on governance, regulation and your professional duties. This tour has been designed to cater for all members working in traditional/ non-traditional roles and management positions. It is our opportunity to learn from past events and strengthen our profession.We will discuss learnings and case studies from the Royal Commission and share the perspectives of Royal Commission witnesses and the regulator. Follow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ Instagram: https://www.instagram.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstitutehttps://www.actuaries.asn.auhttps://www.actuaries.digital

Partner at Oliver Wyman and Chief Editor of Actuaries Digital, Angat Sandhu interviews Simon O’Dell, CEO of InsurTech Australia to discuss how the Insurance industry is facing disruption by a new wave of insurtechs and startups.Show Notes:Fast Five with Fintechs: https://www.actuaries.digital/?s=fast+fiveInsurtech articles: https://www.actuaries.digital/?s=insurtechFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ Instagram: https://www.instagram.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstitutehttps://www.actuaries.asn.auhttps://www.actuaries.digital

Angela Tatarow interviews self described 'actuary without border' and runner up of the Institute's Weapons of Mass Deduction video competition Queenie Chow.Queenie discusses her career path, experiences working abroad, why she's passionate about being part of the institutes Diversity and Inclusion working Group and what inspired her to create her entry for the Weapons of Mass Deduction competition. Queenie also touches on her niche role in microinsurance.SHOW NOTESActuaries Without Borderswww.actuaries.asn.au/Library/Events/YAP/2016/AWBQueenieChow.pdfWeapons of Mass Deductionhttps://actuaries.asn.au/microsites/actuaries-in-data-analytics/video-competitionWorld Health Organisation - Global Health Observatory data https://www.who.int/gho/database/en/Australia's public datahttps://search.data.gov.au/Google Trendshttps://trends.google.com/trends/?geoDiversity and Inclusion Working Group (DIWG)https://actuaries.asn.au/about-us/governance/committees/all-committees/members?ID=ZNjqeCg7c0U%3d

Ignatius Li interviews Dr. Raymond Yeow on his experiences and career as an actuary turned doctor.Show NotesFuture of Health Seminarhttps://actuaries.asn.au/microsites/future-of-health-seminar-2018Health Practice Committeehttps://actuaries.asn.au/practice-area/healthMaking Medicare: The Politics of Universal Health Care in AustraliaAuthored by Anne-Marie Boxall and James Gillespiehttp://www.publish.csiro.au/AH/pdf/AHv38n1_BR1Davidson's Principles and Practice of Medicine: 12th editionhttps://www.ncbi.nlm.nih.gov/pmc/articles/PMC2159046/Davidson's Principles and Practice of Medicine: 23rd editionhttps://www.elsevierhealth.com.au/davidsons-principles-and-practice-of-medicine-9780702070280.htmlThe PatientAuthored by Mohamed H Khadrahttp://www.urology.net.au/the-patient-book.htmlTerminal DeclineAuthored by Mohamed H Khadrahttp://www.urology.net.au/terminal-decline-book.htmlAustralia's Health 2016https://www.aihw.gov.au/reports/australias-health/australias-health-2016/contents/summary

John McLenaghan (Public Policy Advisor Advisor at the Actuaries Institute) sits down with Andrew Brown, a consulting actuary and Council member to discuss his new paper, 'Building Adaptive Capacity - Individuals, Groups & Society' as part of the Institute's Dialogue thought leadership series.John and Andrew discuss;- How and why culture can come from the top- Factors that cause venerable public and private institutions to fall from grace- How boards and management can really transform culture in large organisations with tens of thousands of employees- International organisations with large spans of control and how cultural barriers can embed shared values- Generational factors to consider when attempting to make organisations more adaptive- The role regulators play in changing board cultures- How long should it take to change banking culture?Visit the public policy and media section of our website for more thought leadership papershttps://actuaries.asn.au/public-policy-and-mediaFollow the Actuaries Institute on our social channels:↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ Spreaker: https://www.spreaker.com/user/actinstSubscribe to our YouTube channel:https://www.youtube.com/subscription_center?add_user=ActuariesInstitute

Tuan Ming and Elayne Grace discuss the rapid growth of online insurance in Asia and the Chinese appetite for product innovation and business opportunities in this area.This is the second instalment in our ‘Inside Asia’ podcast series which aims to explore the experiences of actuaries working in Asia or moving between the Australian and Asian markets.On 27 August 2018, Elayne Grace, CEO of the Actuaries Institute, and Tuan Ming, Head of ASEAN, China, HK and India Regions at Gen Re (for Life & Health), met in Sydney to discuss what some of the innovative Chinese insurance market players are up to.The Chinese appetite for new forms of online insurance – both among internet giants like Alibaba, and traditional insurance players ­– is generating many examples of innovation in the insurance industry.China is the world’s second largest insurance market and growing fast. As someone who’s been working in Asia for over 20 years, Tuan has witnessed how the Chinese market has changed. “It is just unimaginable, from a small market, [it’s] grown to become the second largest market in the world. I feel that it is a privilege to be part of the industry [that] contributed to the growth. And we are seeing that the industry is delivering the real insurance and protection insurance to the Chinese consumers,” said Tuan.Alibaba earned 168 billion yuan (or US 25 billion) in 24 hours of the ‘Double 11 shopping Festival’ in 2017. On the same day, over 600 million policies of Shipping return insurance were sold. This is a world record for number of transactions of a single product line in a single day.The first online-only insurance company launched in China in 2013 - Zhong An. Several others have opened since. Tuan described how such companies are leading the way in terms of product innovation and creating new business opportunities.“They are property and casualty insurance companies and can only sell and distribute their products online. That gave them the extra motivation to do well. They sell a lot of shipping insurance policies for the Chinese consumers who buy their products online. Some of the other products that are becoming popular are, mobile phone screen insurance protection and flight delay insurance is becoming very popular,” said Tuan“This first retrocession for Life & Health industry appeared in 2016 when Zhong An had a successful medical insurance product which we co-develop with them.”Shipping return insurance has been a major premium generator for Zhong An. In 2014 it contributed 77% of total premium, but two years later that decreased to 35%, due to market competition and the development of other product lines.The online insurance market – with its lack of regulation and structure also poses threats to consumer needs and to insurers. Ping An Group – a traditional insurance and financial powerhouse in Asia - has invested billions in FinTech and HealthTech. Last year, it announced the launch of:Ping An Life - an AI Customer Service to solve the problems of slow identification and slow claim process; andPing An Health – an “AI Doctor” that accumulates millions of online diagnoses data for use in online medical pre-diagnosis, triage and consultation.Ping An’s transformation to a technology-driven enterprise reflects that the core of insurance is not just the products, but more about the services to people.“Ping On is increasing the interaction with its customer. For example, the customer can use the app to access some basic medical information or even be buying some basic medical equipment online. It has also developed to a stage where some of the basic medical advice can be provided online as well. By that, Ping On is trying to position itself not only as an insurance company, but also as a health management partner of their consumers.”“Ping An also triggered other insurance company to innovate as well. The insurance industry [does not only] react to a disaster, an accident or sickness happening to a customer. It [wants to] become an industry [that asks] ‘how can we help our customers to live healthily?’. Some of the new products in China will incorporate some incentive for the policyholders to live healthy and get rewarded by doing so,” said Tuan. Alibaba is taking advantage of its deep understanding of its large online consumer database. Last year it offered one year’s free coverage of critical illness insurance - with no medical examination or waiting period. 13 million Alipay users reportedly activated the insurance within 20 days of its launch – simply with two clicks on a mobile app. An online community forum with experts has since been set up to help educate internet users (especially those new to insurance).“Alibaba was the first one to make the move. When the customers click and accept the insurance coverage, Alibaba have access to information on which statement of the customers are more interested in buying insurance cover. This gives them the ability to upsell the product,” explained Tuan.There is clearly appetite among Chinese consumers to embrace new online forms of insurance. Tencent joined the industry slightly later to take advantage of this market.WeChat has been used extensively by all the insurance companies to sell products online, however, Tencent, after setting up its own online broker in November 2017, has become very active in distributing medical insurance products and personal accident products to their huge base of WeChat customers.WeChat was developed by Tencent. It was first released in 2011, and by 2018 WeChat was one of the world's largest standalone mobile apps, with over 1 billion monthly active users (902 million daily active users).In China, you can’t live without WeChat, which is an equivalent of a WhatsApp, Facebook and Twitter.“It also has other services, one of the most important one is a WeChat Pay, that allows commerce to flourish on the WeChat platform. For customers to buy insurance products, payment is no longer an issue - they can pay and receive claim payment easily on WeChat Pay,” said Tuan.The huge population in the China market allows the insurance industry to focus on different target segments and reach a group of consumers who are more interested in readily buying insurance cover.Instead of asking the consumer for their health information, insurers have a basic understanding of the consumer and are able to design and market the most suitable product to them. Some of these data insights have been applied to underwriting as well, but to a lesser extent. Data privacy is still a major issue in China. But that’s a topic for another podcast.Actuaries Institute members can subscribe to the “Inside Asia” E-Newsletter for regular updates on Australian and Asian actuarial news and views and to keep up to date with the latest ‘Inside Asia’ articles and podcasts from the Actuaries Institute.

Tuan Ming, Head of ASEAN, China, HK and India Regions at Gen Re (for Life & Health), travels extensively for work and he joins Elayne on the inaugural ‘Inside Asia’ to discuss life, career and advice for actuaries.This is the first instalment in our ‘Inside Asia’ podcast series which aims to explore the experiences of actuaries working in Asia or moving between the Australian and Asian markets. The second instalment on the booming online insurance market in China is here.What do you do in your current role and what does it involve in terms of travelling between Asia and Australia?I manage the Life and Health reinsurance business of Gen Re across China, HK, South East Asia countries and India. I travel extensively to all these countries and it is my first trip back to Sydney in 12 years’ time. So I do not travel to Australia extensively. I cover half of the world’s population. There are a lot of emerging markets in these areas, I get the opportunity to see new things and what is happening in different markets.The China market is unique - unique in its language, culture, regulatory environment, and approach to innovation. How does it differ to Australia in terms of these things?The Reinsurance industry has grown significantly over the last 20 years, the market has grown into a total value of over 300 billion CNY in 2016. One of the changes over the years has been that consumer awareness of insurance needs has increased significantly. The Chinese consumer probably did not know much about insurance products 15 years ago. Nowadays, they know the need for protections, long term saving and investment. Moreover, they are more willing to try, buy and to experience insurance services and products. The industry has been growing to about 20% over the last 20 years. It is currently the second largest market in the world and insurance penetration remains very low. I could imagine that the market will grow into the largest insurance market in the world in the future. The current growth is happening in the era where technology is already very advanced. There is a lot more pressure and motivation to create innovative products and services for the consumers. Therefore, the insurance industry is determined to advance in their operation, underwriting and customer service. They are developing new products to cover different needs. Some of them may not be seen as insurance products, but there will be insurance elements in it.For example, in the general insurance industry, shipping return insurance has been one of the products becoming very popular. The Chinese consumers like to buy online and they would have to pay for the cost for the shipping to return the product if they don’t like the products. Now, they could buy the policy which last for a few days for a very small premium amount. The insurance company will cover the cost of sending the product back.What about the Life and Health Insurance industry? It is also growing very quickly as well. The Health care industry in China is just started to develop now. The insurance industry is slowly finding its foothold to offer the insurance protection to the consumers and they can afford the ever-increasing health care cost.Can you share with us a bit about your personal story of first coming to Australia and how you became an Actuary?I am from Malaysia, which is always in a friendly relationship with Australia. I came to do my Year 12 when my parent decided to send me to here to study University. I learned about the Actuarial professional in Year 12 from my English teacher, who encouraged me to consider this profession. As I like Maths, I decided to give it a try and went to Melbourne University for the Bachelor of Commerce majoring in Actuarial Studies.What would be your advice to help Actuaries wanting to make a move to China be better equipped?The employment for foreigners in China is not an easy process. If you are thinking about going to Asia, Singapore and Hong Kong are the two more obvious choices. If you are keen to participate and move to the China market, the best path is through the consulting companies. China does have a huge supply of actuaries and actuarial students. In my early days in Shanghai, the Chinese insurance companies used to recruit from overseas for experienced people. With many Fellows and Associates and a huge supply of talents locally, foreign actuaries will have to prove the type of skillsets, knowledge and experience that they can bring into the insurance industry. For this reason, these opportunities are more limited to the senior positions in China.To be able to speak and write Chinese is important, not crucial. More importantly, it is the readiness to see how things can work and be done differently and recognise the cultural differences.[You need] to have an open mind and the willingness to contribute by sharing your own experience.How does insurance differ in Australia compared to Asia generally speaking?There are significant differences, many Asia countries still sell the traditional whole of life endowment products, with interest rate guarantee and mortality and mobility rates guarantee, whereas such products are extinct in Australia. In fact, these pose challenges for the Institute to make the education relevant for these Asian based actuaries. If they want to find out how to do reserving and risk management for endowment product with significant guarantee, the Institute will have to provide such education so that what they learn is relevant.What do you predict for the actuarial profession in the China market over the next 10 years? What challenges do actuaries ace to remain relevant?The profession in China is still at a developing stage, almost all members are involved in insurance industry: Life, Health and General Insurance. There are more opportunities now however, for actuaries to move into different practice areas. For the traditional areas of insurance, we are facing the competition from Data Scientist and Analysts. This is an area which we need to continue to equip and upgrade our skills to be able to compete effectively.In China, there are more young actuaries attracted to such new areas. This is another challenge for the profession: how to keep them, so they see how they can contribute to the profession and how the professional body can contribute to their self-development for the long term.How can we as the Actuaries Institute in Australia better collaborate with Asian actuarial associations?Australia has a very close relationship with many Asia countries, there are many Asian students come to Australia to study. This is the greatest asset: to keep the relationship going and to encourage them to continue to pursue the Australian qualification. Many of them have built a lot of goodwill when they studied in Australia. We can make our profession relevant to them for their development and recognition, so that they are willing to continue to be our members. Many Asian counties have their own professional bodies, but those bodies do not have all the skills or resources to provide the Education. The Institute can play a greater role in helping the Universities and professional bodies in Asia, especially in the emerging market to develop their actuarial profession.

Tim Andrews (Principal at Finity Consulting) and Vanessa Beenders (Practice Excellence Advisor at the Actuaries Institute) met to discuss Tim's involvement in the creation of the Australian Actuaries Climate Index and why it's necessary for businesses and actuaries to utilise the data.Tim expands on how the Australian Actuaries Climate Index was created and why actuaries and wider industries should be utilising the index to inform their business decisions and inform their risk management framework including climate change policies.To see the index, please visit the site belowhttps://actuaries.asn.au/microsites/climate-index

Effective data scientists need to understand the workings of IT teams and identify the limits of truth in models, says Co-Founder and Chief Scientist at Ambiata.Tiberio was interviewed by Anthony Tockar on the Actuaries Institute’s podcast last month. This is the second episode from that conversation (the first explored the ethics of machine learning).If an actuary is working as a data scientist for a large organisation with millions of customers and complex internal IT legacy systems, being able to engage well with internal IT and data teams is critical. That means, as a first step, knowing their lingo.Data science combines both statistics and computer science. Actuaries are skilled in the former through their modelling and forecasting work, for the latter, they must upskill. As an actuary who transitioned into data science, Anthony said he spent most of his learning time on computer science. He highlights the importance of having a good handle on the underlying flow of data that informs the modelling.

Head of Actuarial and Analytics at World Nomads and Weapons of Mass Deduction judge Jacky Poon interviews Andrew Xu, Actuary at Finity Consulting, on his entry into the WOMD competition, focusing on Geospatial analysis and a career in data analytics.Andrew created an entry that incorporated animation, Google Maps street view and motion graphics to explain the importance of Geospatial analysis and how it is used by actuaries for geographical models. He is one of the Top 3 entrants along with Minh Phan and Queenie Chow who created their entries on CatBoost and open source data.Jacky and Andrew touch on the wider aspects of Geospatial analysis including it's changing application over the years to using different analysis methods including R which he learned form his current role at FinityJacky asks a range of question including;How are you feeling about the [competition winner] announcement?Tell me a bit about yourself?Tell me about your hobby [in video production]?How did you get into R for analysis?What other areas have you applied R in?What lead you to choose geospatial analysis as your topic?How would you begin to do geospatial analysis?Where do you see the edge for actuaries?What makes a great data analyst actuary?Andrew Xu will be participating at the 2018 Data Analytics Seminar where he will find out if he, Minh or Queenie will be crowned the winner of the Weapons of Mass Deduction competition. View the Program Snapshot here and get your tickets to attend tomorrow!

Angat Sandhu and Katherine Gobbi share their unique insights into claims management, it's place in the insurance value chain, future opportunities and key trends in the area.Katheirne Gobbi is Chief Executive Officer at EMLife, leading a team of life insurance claims specialists dedicated to making life easier for insurance partners and their customers with over 15 years experience in personal injury claims management and working with regulatory bodies. She met with Angat Sandhu on September 19 to discuss current issues in claims management, scrutiny of general insurance and what improvements are needed.Angat asks a range of question including; Can you share some thoughts on what are the most important trends you are seeing in claims management?What is most important from a customer’s perspective?There has been a fair bit of scrutiny on claims practices recently, what are some takeaways for the insurance industry?If there is one thing that will be different about claims management over the next 2-3 years, what do you think it will be?Do you see opportunities for Actuaries to play a greater role in improving claims management processes e.g. through better use of data analyticsKath acknowledges that more is needed to be done to continue a best approach method with increasing recovery time that factor in other psychological and diagnosis aspects.Subscribe to Actuaries Institute Podcast, wherever you get your podcasts.Follow the Actuaries Institute on social media;↳ Facebook↳ Twitter↳ LinkedIn↳ Instagram↳ Spreaker↳ YouTube

Download the MP3 file herehttps://api.spreaker.com/v2/episodes/15816934/download.mp3Dr Raymond Yeow and Dr Kevin Cheng discuss the future of health insurance including a focus on Dr Kevin's Osana care model and a sneak peek into his plenary session at the upcoming Future of Health Seminar.Register now!https://www.actuaries.asn.au/FOHS2018

The Institute’s latest Dialogue thought leadership paper explores where better outcomes can be delivered and significant savings can be made in social welfare through better data analytics.Vanessa Beenders from the HQ Public Policy team interviews Hugh Miller, Principal Actuary at Taylor Fry, on his new Dialogue thought leadership paper titled ‘People, projections and payments: A look at modern government service delivery’.For each vulnerable individual in society, services spending across welfare, housing, health care, justice and child protection can easily amount to up to $1 million over a lifetimeIn the discussion, questions for Hugh include:1.What different areas of service delivery are included in your paper? 2.How actuaries are helping governments to improve the service delivered and outcomes experienced by people? 3.Talk us though the investment approach to improving services 4.How does this differ to cost-benefit analysis as a tool?5.How does Australia compare with NZ in the use of data analytics to improve public service delivery? 6.The benefits of using data analytics more extensively to improve service delivery here in Australia sound overwhelmingly positive. What are the barriers that prevent it from happening or from occurring quickly? Subscribe to our YouTube channelhttps://www.youtube.com/subscription_center?add_user=ActuariesInstituteAbout the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels↳ Facebook: https://www.facebook.com/ActuariesInstitute/↳ Instagram: https://www.Instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst

Tackling the big issues in the general insurance industry, representing actuaries and motivating a group of volunteers has been the remit of IAG’s Chief Actuary Tim Clark for the last five years.After five years as the Convenor of the Institute’s General Insurance Practice Committee (GIPC), Tim Clark has stepped down due to work commitments. In this podcast, Tim speaks with GIPC member Kitty Ho about memorable moments over the last five years, including debates over general insurance cover of mental health conditions and of flood damage following Cyclone Yasi.Tim talks about the challenge for actuaries to uphold their reputation and, given the 2014 Financial Services Inquiry (FSI) and current Royal Commission, touts the unique idea of having a CRO for Australia.Commenting on his departure, Elayne Grace CEO said:"Tim is a great lateral thinker who brings positive energy to the brainstorming of issues facing our profession and industry. He encourages us all to be able to articulate the clear value differentiator of Actuaries. Tim has been great to work with and I would like to thank him for the significant contribution and forward-looking approach he has provided as Convenor of the GIPC."Come join in the discussion at GIS, and help drive the role of actuaries to deliver change to the industry.View the General insurance Seminar Program Snapshot here and don't forget to register before the early bird closing date on September 28https://actuaries.asn.au/microsites/general-insurance-seminar-2018/program-and-presentations/program-snapshot

Estelle Pearson and Tony Coleman share their unique insights into the HIH Royal Commission, from watching lawyers "excitedly finding smoking guns in emails" to getting "requests for interviews from 4-Corners within 24 hrs". They reflect on lessons learned, as the current Financial Services Royal Commission enters its sixth set of public hearings.Tony was President of the Institute when HIH collapsed, in what was the largest corporate collapse in Australia's history, in March 2001. The events that followed radically affected his Presidential year. As the Commission's and the media's attention turned to actuaries for explanations of the collapse, the Institute took the opportunity to suggest possible solutions early in the piece.As the actuarial expert to the HIH Royal Commission, Estelle assisted Justice Owen and Council to understand the fundamentals of insurance, and how reinsurance and actuarial reserving works.She worked alongside lawyers and their assistants as they trawled through emails, handwritten notes and any other documents the Commission had called for. The excitement that ensued when a 'smoking gun' (usually an email) with regretful remarks was found was palpable, Estelle said. The pair also discussed the importance of "fessing up" to questionable behaviour and stepping back from "protecting the company", to see the bigger picture.Estelle is a Plenary Speaker at the upcoming General Insurance Seminar 2018! View the Program: https://actuaries.asn.au/microsites/general-insurance-seminar-2018/program-and-presentations

With companies starting to pay the price for inadvertent unethical outcomes created by their systems and engineering, there is a need for data scientists, actuaries and professionals to respect the discipline of ethics."Artificial Intelligence" (AI) conjures fear, excitement and confusion in humans.In this podcast episode, Tiberio Caetano, Co-Founder and Chief Scientist at Ambiata, one of the most respected data science companies in Australia, clears up some of the confusion by unpacking the complex problem of ethics.Tiberio is interviewed by Anthony Tockar, Director at Verge Labs and Curator of the Data Digital Track at the upcoming General Insurance Seminar (GIS2018).Tiberio explains two sub-problems within ethics: the valuation problem, which is about the desirability of a given world, and the causation problem which is more of a navigation problem about what one has to do to obtain the result they want.Ethics can also be conceptualised through the lens of descriptive ethics, which is about what people think is right and wrong (and this varies depending on time, place and culture), and that of normative ethics which is about improving the world in an objective way, more in line with converging ideas of human rights and fundamental morality.Download Transcript here;https://actuaries.asn.au/Library/Miscellaneous/2018/TiberioPodcastTranscript.pdf

Transactions Actuary at Swiss Re, Eric Tsui, discusses the challenges he encountered when taking parental leave, and the support he received from his employer to do so.This instalment of the Institute’s Diversity and Inclusion at work series discusses the topic of parental leave with an interview between Ashish Ahluwalia (Principal at Finity Consulting) and Eric Tsui.The pair discuss how employers who are:1. committed to diversity and inclusion in its broadest sense; and2. allow their employees to achieve a real balance between work and family are able to increase their employee retention.In the podcast, Eric describes the difference between being in the workplace and being on parental leave.“When you are on parental leave your mind is kind of idle, but it’s a very physical kind of job, wrangling a baby or just pushing the pram for kilometres on end.” - Eric TsuiChildren grow up so quickly and as Eric says “every moment, every time they do something it could be the last time that they do it because they move into a different phase”. The main benefit to Eric has been “developing a closer bond with my son”. Luckily, both his and his wife’s employers enabled this family to be there for those important moments.Data Analytics Video Competition - Weapons of Mass Deductionhttps://actuaries.asn.au/microsites/actuaries-in-data-analytics/video-competition/Download Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/CareerViewEp11Transcript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ Instagram: https://www.instagram.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteYou can earn two CPD points for every Podcast listened to.

As the Australian Government Actuary (AGA) nears 100 years of service, Elayne Grace caught up with its current leader, Guy Thorburn, to find out what the agency of the Treasury does and has achieved.Australian Government Actuary and Macquarie University graduate Guy Thorburn joined Elayne Grace (CEO of the Actuaries Institute) on Tuesday 14 August 2018 on the Actuaries Institute Podcast. The pair discussed how the AGA, with its team of 12, operate in providing services to more than 40 Government departments and agencies.Guy discussed a challenging project being the long-term cost report the AGA carried out for the Defence superannuation fund. There were some significant changes in the assumptions required and most notably, the discount rate had to be reviewed.The AGA's work on a DSS means-testing framework and parameters for the framework was a project Guy then described as a rewarding one over the last 18 months."That was a good outcome from an actuarial perspective... it created something different in a challenging environment that seems to have generally been accepted - and [was announced] in the Budget," said Guy.The conversation focus then shifted to the importance of the reputation of actuaries as independent, professional advisers, which Guy described as being "critical"."The reputation is the open door. People seek out advice at all levels because they know they're going to get independent advice that's well-grounded and well based [and] that's going to contribute positively to the development of a viewpoint about a policy recommendation..." said Guy.He acknowledged the consistent work of immediate past AGA Peter Martin, and former AGA's ?? Susan XX and Michael XX in building up the reputation of the AGA, its role and the contribution it can make.The fact that actuaries typically represent the interests of the public at large; the individual or member; or what's good for the country was highlighted as something to preserve. As was guarding against getting caught up in different vested interest of commercial or industry participants, at the expense of seeing the bigger picture.Guy provided some tips for actuaries keen to get involved in public policy, including volunteering in one of many roles available through the Institute or writing (or contributing to) a submission to Government.What makes a good submission?acknowledges the objectiveinforms the objective to make it richerinform how we get to the objectiverepresents the public at large "The best submission I've read actually is one that came in many years ago and was written by an actuary. [They] basically wrote almost what you would call a blueprint and it virtually happened," said Guy.Listen in to hear the full conversation and learn about the history and current role of the Australian Government Actuary. These services include:insurance like support to medical indemnity industrysocial security supportveterans affairstuition protection

This instalment of the Institute's Diversity and Inclusion series asks the Chief Actuary at MLC Insurance, Darren Robinson, about his experience managing employees with flexible work (remote location and part time) arrangements. Darren discusses the value of an 'agile coach' in supporting part-time staff and how productivity, retention and morale can be affected by flexible working.Ashish Ahluwalia (Principal at Finity Consulting) discusses with Darren, the increasing take-up of flexible work arrangements and how - with the correct planning, level of trust, capability and communication - both employers and employees can benefit. Darren explains some of his own staff's requests - including when returning from maternity leave and scenarios where 'Head Of' Departments moved interstate - and offers advice for both employees and mangers on negotiating such arrangements.Darren emphasises that maintaining strong lines of communication, despite the geographical distance, is important. As is facilitating 'water-cooler' moments: those chance meetings of colleagues in the office or on coffee breaks that often spark innovations, for individuals not always physically present.Listen in to the podcast to find out more about the challenges and rewards of flexible work.Data Analytics Video Competition - Weapons of Mass Deductionhttps://actuaries.asn.au/microsites/actuaries-in-data-analytics/video-competition/Download Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/CareerViewEp10Transcript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ Instagram: https://www.instagram.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteYou can earn two CPD points for every Podcast listened to.

Public Policy Advisor John McLenaghan, asks Michael Rice, CEO of Rice Warner and 2017 Actuary of the Year about the story of his career. From early beginnings in South Africa, Michael decided to switch from accounting to actuarial after a conversation with a golfing friend. His first practice area was Pensions - a sphere that he has now had significant influence on through his public policy work. Michael is a well known actuary in the profession, the Australian government, media and the broader financial services industry.Listen-in to hear about Michael's mentors, his career journey, thoughts on the challenges facing the profession, and his firm's current nomination for 'Employer of the Year'.John asks a range of questions including:- What created this desire for public policy?- Is diversity a key component of the Rice Warner workforce?- Can you give an outline for younger members of the profession about the birth and growth of superannuation in Australia, more around industry super?- Do you think the public's lost faith in super at all?- The focus is shifting from accumulation to retirement incomes. How do you see that unfolding?- What do you see as the main challenges for the super sector in the near and middle future?Listen in to the podcast to find out more about Michael Rice and Australia's superannuation industry.Show notes:Data Analytics Video Competition - Weapons of Mass Deductionhttps://actuaries.asn.au/microsites/actuaries-in-data-analytics/video-competition/Download Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/MichaelRiceTranscript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ Instagram: https://www.instagram.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteYou can earn two CPD points for every Podcast listened to.

In this instalment of the CareerView Podcast, Jas Singh and Mariella El-Azzi discuss how to create satisfaction in actuarial roles to build a fulfilling career including advice on negotiating conflict, forming relationships with team members and choosing the right role.Jas Singh (Managing Director at SKL Actuarial) and Mariella El-Azzi (Pricing Analyst at IAL Insurance) discuss how actuaries can advance their career through identifying key areas to help build fulfilment and satisfaction in roles and what actuaries need to be looking for when changing roles or career paths.They also discuss how career changes can involve:1. De-learning habits to increase network opportunities and managerial skills.2. Taking advantage of risks and opportunities while young and free of family responsibility including working abroad.3. Negotiating conflict in the workplace.Jas also discusses how engagement, relationships with your team and manager/s and organization structure are the three crucial key areas to determine your satisfaction within a role and how it can play into your duration with the company.Mariella asks a range of questions including:Will current key factors that shape job satisfaction change in the next 20 years?When do you think you should leave a role?When should you stay in a role and ideally how long for?What advice do you have for young actuaries about to start their actuarial career?What do you wish you knew during the start of your actuarial career that you now know?Listen in to the podcast to find out more about how to build career satisfaction.View the SKL Actuarial blog herehttps://www.sklactuarial.com.au/blogData Analytics Video Competition - Weapons of Mass Deductionhttps://actuaries.asn.au/microsites/actuaries-in-data-analytics/video-competition/Download Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/CareerViewEp8Transcript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ Instagram: https://www.instagram.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteYou can earn two CPD points for every Podcast listened to.

Ashish Ahluwalia (Principal at Finity Consulting) and Lesley Traverso (Director at Talent Insights) discuss the Institutes' Diversity and Inclusion Working Group (DIWG) and how diversity and inclusion is crucial for innovation in the workplace and how businesses can create a strategy that includes diversity as a key focus.Ashish Ashulwalia and Lesley Traverso discuss the three main areas that council have put forward into the Diversity and Inclusion action plan as part of the working group's strategy for the year including;1. Creating a diverse and inclusive environment for members and HQ staff2. Encouraging committees and working groups to represent the diversity of the Institute memberships3. Promoting the benefits of diversity within the profession from an internal and external perspectiveAshish and Lesley also discuss how the Institute can promote it's larger takeup in the STEM field for women with ANU discussing the 35% to 65% female to male split in actuarial studies, which is encouraging considering the 15% average female to 85% male takeup that technology and engineering fields have.Ashish asks a range of questions including:- What do you think the Diversity and Inclusion Working Group is trying to achieve?- Can a lack of diversity be a major barrier to innovation?- What advice do you have for people in navigating tricky situations around diversity?- What might we be doing differently in 10 years time?- What are the key outcomes you would like the group to have achieved in the next few years?Listen in to the podcast to find out more about the Diversity and Inclusion Working Group and read our article on the groups goals and members below;https://www.actuaries.digital/2017/07/19/introducing-the-new-diversity-and-inclusion-working-group/Download the Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/CareerViewEp7Transcript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteYou can earn two CPD points for every Podcast listened to.

The next instalment of the Dialogue Podcast series explores the future of the life insurance industry and what recommendations need to be implemented in order for areas to adapt to rapid societal changes and community expectations.In the podcast, John McLenaghan (Public Policy Adviser at Actuaries Institute Australia) questions Ilan Leas (Managing Director at Retender) on the research, recommendations and driver of change in the life insurance industry in the Dialogue thought leadership paper 'The Future of Life Insurance' - authored by Ilan.In the paper, Ilan looks at the relevance and need for life insurance as consumers seek fairer deals, convenience, simplicity, automation and speed when choosing which cover they will need. Ilan points out that despite the medical and technological advances that continue in regards to improving health, the amount of data analysed by life insurance actuaries remains barely touched.Ilan proposes four top priorities for the life insurance industry including:- Encouraging opportunities for simplicity and education through standardisation (Help me understand)- Streamlining consumer processes and access (Make it easier for me)- Modernising insurance products (Modernising my products)- Balancing sustainability (I want fair treatment)Ilan argues that despite the challenges facing the future of the life insurance industry, actuaries are in an exciting position to be key parts in identifying solutions to ensure consumers are equipped with the correct insurance cover and the life insurance industry updates its regulatory framework to be competitive and maintain expectations for the future of this industry.Download the Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/TheDialogueEp5Transcript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteYou can earn two CPD points for every Podcast listened to.

Solai Valliappan previews her talk at the upcoming Young Actuaries Conference (YAC) including the importance of a 'strong network' and how she came to consult on 'the Google Maps of asteroid resources in space'. Angela Poon (Actuarial Consultant at Finity Consulting) asks Solai Valliappan (Business Advisor at HEOR) how she attained her current role and how she has become an advisor to multiple actuarial facets of businesses from risk management to strategy to data analytics and finance.Solai's experience is varied as she enjoys working on multiple projects and utilising her actuarial skills to help businesses in non-traditional fields excel.Angela asks a range of questions including:- How do you get to be an advisor in areas of finance, data analytics, strategy and risk management all in one time?- How has a strong network helped you in your career?- Do you have any tips or advice for people who are trying to explore or venture into a non-traditional field?- How did you find your passion with working in the space area?- Can you tell our listeners what sort of things can they expect to get out of the upcoming Young Actuaries Conference?Download the Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/ActuariesYACTranscript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Instagram: https://www.instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteCPD members can earn 2 points for each Podcast listened to.

Hugh Miller (Principal at Taylor Fry) asks Aaron Cutter (Principal at Finity) what lessons and new skills he has learned throughout his impressive actuarial career journey from physicist and analyst to becoming a member of the Actuaries Institute Data analytics Work Group (DIWG) while juggling consulting duties at Finity.Aaron talks through his differing roles as he ascended through the corporate chain and took on new roles with diverse skill sets to put his career first and grow as an excellent actuary and principal.Listen in to the podcast to hear the discussion on Aaron's career progression, his tips for younger actuaries and how data analysis has evolved over time.Download Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/CareerViewEp6Transcript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteCPD members can earn 2 points for each Podcast listened to.

In this podcast, Angat Sandhu (Chief Editor of Actuaries Digital) asks Nick Cowdery (actuarial recruiter and Director of InterAct Search) to explain the rise of digital job seeking and how job seekers can take advantage of digital media to advance their career.Nick stresses the increasing importance of having both a traditional written CV and a video profile so you can demonstrate both your occupational excellence and a great personality to help managers and recruiters determine if you will fit into their workplace. Nick also discusses how video can assist in promoting a company's facilities and increase interest in their job advertisements through video profiles of the company.Listen in to the podcast to hear the discussion on job seeking, job advertisements and how to be ahead of the game.Download Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/CareerViewEp5Transcript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteCPD members can earn 2 points for each Podcast listened to.

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 PearceIn this podcast, Susan Looi (Head of Financial Risk, ANZ Wealth and Digital) interviews Gavin Pearce (Chief Risk Officer of icare) on his unusual path to becoming Chief Risk Officer, from studying statistics and mathematics in New Zealand, to resettling in Sydney and undertaking actuarial exams before securing an exciting new role.Gavin relays his career journey, including earlier roles as an Actuarial Analyst at Tower Investment Savings Ltd all the way through to his (self described) 'Chief Risky Dude' title at icare NSW, one of the largest general insurance provider in Australia and how he broadened his skill set to attain more senior positions.Listen in to the podcast to hear Gavin's advice on what skills actuaries need to future-proof their career and how to get their foot in the door of risk management.Download Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/CareerViewEp4Transcript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteCPD members can earn 2 points for each Podcast listened to.

In this podcast, Angat Sandhu (Chief Editor of Actuaries Digital) asks Nick Cowdery (Director of InterAct Search) about the do's and don'ts of how to properly resign from your current role. Nick discusses how to take the emotion out of the role and which conversation to have with your manager.While your notice period needs to reflect your contract terms, you should aim to finish off and/or transfer ownership of existing projects, and structure your transition in a flexible way so you can leave the company with a favourable view.Listen in to find out more on Nick's tips and guidance on how to correctly resign from a role.Download Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/CareerViewEp3Transcript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteCPD members can earn 2 points for each Podcast listened to.

Stephen Dixon (Deputy Actuary at Munich Reinsurance Australia) questions Jessica Chen (Director of Insurance, Finance at BT Financial Group) on the research, potential impacts and considerations of modern genetic testing in the Dialogue thought leadership paper 'Genetics - a testing time for insurers?' - authored by Jessica and Alan Doble.In the paper, Jessica looks at the far reaching implications for society and individuals of genetic testing. Factors such as rapidly decreasing test costs and greater understanding of genetic research results have increased the use of genetic testing:Jessica notes that the genetics community in Australia sees a need to reduce barriers for people who want to understand their genetic make-up for health and/or family reasons. Increased genetic testing creates the potential for affected individuals to mitigate the risk of inherited disease that previously could not be identified through traditional blood and urine tests.Currently predictive genetic testing uses technology called genome-wide Association studies whereby diseases that are caused by a number of gene mutations are researched and identified as polygenetic diseases. This technology is utilised to predict more common diseases such as cancer and heart disease and yet despite the advances, there are barriers that still present themselves to individuals including:- Ethical considerations regarding pre-emptive consent for future interpretations from older genetic tests.- Discovery of becoming high risk of a genetic disease- Disclosure of genetic test results form an individual to medical and insurance professionnelJessica argues that while genetic testing is not regarded as a current threat to the insurance industry, should larger volumes of genetic tests be undertaken then individuals will start changing insurers based on the results. Insurers will need to redesign their policies, premiums and coverage to ensure the quality of life for their insureds remains high and their customer base continues to be loyal. Jessica notes however that it is up to the individual to make better informed decisions around their life and health insurance.Jessica recommends building a database where claim outcomes relate to high genetic information to track any new findings and similar patterns in a cluster of individuals. Jessica and Alan also encourage the FSC to publish information on how insurers make decisions on information provided to them through genetic tests to help individuals and the wider industries understand how they're tracking.Overall Jessica makes a call to action for the medical profession, genetic research and insurance industry to come together and create a transparent solution that takes into account everybody's views.Download the Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/GeneticsPodcastTranscript.pdfAccess the Paper and Media Release herehttps://actuaries.asn.au/public-policy-and-media/thought-leadership/the-dialogue/genetics---a-testing-time-for-insurers-Follow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteCPD members can earn 2 points for each Podcast listened to.

Ignatius Li (Partner at Deloitte) interviews Anthony Lowe (former CEO of the Prostate Cancer Foundation of Australia) and Jamie Reid (Principal at Finity Consulting) about the recommendations and research in their Dialogue thought leadership paper "Private Health insurance Bill Shock: What Can Insurers Do to Help?"In the paper, Anthony and Jamie discuss the surprising and distressing impact of out-of-pocket costs for those with private health insurance.“...a recent study of men who had been diagnosed with prostate cancer showed median out of pocket expenses for those with PHI were $6,000 compared to $2,000 for those without. Although private cover does provide the benefits of choice of specialist, private rooms and generally lower waiting times, the cost differential is significant."Currently PHI does not cover many of the factors that drive current treatment costs including:- Medicare pricing- New technology- Bureaucratic hurdles- Ancillary expenses (travel, medical costs)The Dialogue paper suggests that a lump sum payment of $5000 to those affected by a cancer diagnosis would be an effective and affordable way for insurers to encourage customer satisfaction, quality of life and reduce severe financial impact. Listen in to find out more on Anthony and Jamie's research and innovative recommendations to help alleviate 'Bill Shock'Download the Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/TheDialoguePHITranscript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteCPD members can earn 2 points for each Podcast listened to.

Rick shaw questions Ian Laughlin, Chairman at OnePath Life and ANZ Lenders Mortgage Insurance, on his Dialogue thought leadership paper 'Social Risks for a financial services business'.Financial Institutions have been regularly subjected to public opprobrium - in the press, in politics and on social media - for attitudes and behaviour which the community finds unacceptable. This may be partly because institutions have not managed risks that come from changing social attitudes and norms, and the power of new social capabilities. Such risks need a fresh approach “we have a different risk profile, now I'm wondering about our management of risk, whether we need to refine or do something more drastic to manage the changing risk profile. Do we have the existing frameworks and the existing institutional culture to allow us to respond to generational changing and attitudes towards government and large institutions or is something more radical needed?” Ian says in the podcast.How can it be that institutions spend huge amounts of money, resources and intellect on managing risk, and still find themselves castigated by the press politicans and social media for adverse attitudes and unacceptable behaviour? "You need really deep insights and I don't think organizations have that those deep insights at the moment or even the capabilities to get those deep insights and it's not clear where you might get those capabilities so there you have a conundrum, how does the industry develop these capabilities, properly assesses and manages these risks and so you don't end up in the sort of situation that we're in now."Listen in to find out Ian's recommendations and research on how financial institutions can manage existing social risks and prepare themselves for the uncertainties of future risk management.Download the Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/TheDialogueEp2Transcript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstitute This is a podcast for the Institute of Actuaries of Australia. The views and opinions expressed in Institute podcasts are those of the speakers or authors and do not necessarily reflect the views of their employers or the institute, it’s members, directors, officers, employees or agents.CPD members can earn 2 points for each Podcast listened too.

Andrew Doughman (Reinsurance Underwriter and Client Manager at Hannover Re) questions Sharanjit Paddam (Principal of Actuaries and Consultants at Deloitte) on his thought leadership paper “Climate Risk Disclosure, Financial Institutions Feel the Heat” (co-authored by Stephanie Wong)Climate change raises real risks and opportunities for financial institutions which need to be identified, managed and disclosed. Sharanjit states “I think there's an opportunity to renew your business in a really good way. And to build a capability that talks about, how do we manage risks across the organizations, and how do we think about opportunities?” Australian Institutions are ill-prepared for the impact of rising temperatures and extreme weather events and the effects these will have on their balance sheets. Sharanjit talks about “the East coast low we had in Sydney back in May 2016. And where we saw a number of backyards of properties at the, at Collaroy disappear into the sea”. First home buyers and those who have investment properties or looking to invest in a property will need to be aware of climate risk and how this can affect their home insurance premiums.The Impact across industries of rising temperatures and an increase in floods, bush fires and cyclones, are likely to result in acute physical risk to property. How can financial institutions identify and create solutions for climate risks and what should they be doing now to be ahead of the curve and avoid the heat?Download Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/TheDialogueEp1Transcript.pdfFollow the Actuaries Institute on social media;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteCPD members can earn 2 points for each Podcast listened too.

Jenny Lyon discusses common questions around moving roles, the danger of ‘confidential’ or informal conversations; when and what to tell your manager and colleagues about your plans to move roles.Often the nuances with starting a new role can be addressed through communication and positive Relationships with pending or potential new employers. This can allow you to around existing projects, negotiate notice period needs, and timing of reference checks.This can ensure you are more effectively Weighing up your options and not missing out on rare opportunities (eg. offer for ‘Appointed actuary’ role) out of respect for your current employer, in other words putting yourself first and your career first.Typical career progression of an actuary often involves a role change once you’ve finished studying and qualify, as jenny explains, “it can hard to change people’s perception of you" (eg. because you’re not a fellow for example.)The pair allow discuss learning opportunities within different roles within your current company. “This is ideal” say jenny as the actuarial market is small and “you can’t move too many times”Download Transcript herehttps://actuaries.asn.au/Library/Miscellaneous/2018/CareerViewEp2Transcript.pdfFollow the Actuaries Institute across all social;↳ Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst↳ YouTube: https://www.youtube.com/subscription_center?add_user=ActuariesInstituteCPD members can earn 2 points for each Podcast listened too.

CEO of Actuaries Institute Elayne Grace is joined by guest Lesley Traverso.Together they discuss the importance of clarifying your career and job aspirations in your own mind before making a career move.Lesley has over 25 years of experience as a Recruitment Consultant, and provides valuable advice on how to refine your job search including:• clarify your transferable skills;• identify what interests and motivates you;• acknowledge your strengths and weaknesses; and• quantify your skills in your resume.As the recruitment realm continues to change, it's so important to keep up with what employers are looking for and how you can stand out from the crowd.CPD members can earn 2 points for each Podcast listened too.

Elayne Grace speaks to actuary Geoff Atkins, co-author of the Green Paper 'Mental Health and Insurance', about product definitions in insurance contracts covering mental health. There are vast improvements to be made in underwriting and legislating products to respond to consumer needs in this complex area. It's a fine balance between offering good protection at an affordable price in a sustainable system. Issues discussed in this episode include:- underwriting mental health- travel insurance and mental health- community expectations and anti-discrimination cases- physical illness vs mental illness and the claims process- alternative dispute resolution systems- expert neutral evaluation- access to reliable data analyticsYou can earn two CPD points for each podcast you listen to.

Did you know TAL paid out more than $210 million dollars for mental health claims this year? That's second only to the number of claims it paid out for cancer. Here, Brett Clark, CEO of TAL and Elayne Grace discuss challenges on the claims side of insuring mental illness, and how the industry is making practical improvements, especially in training claims managers to the specific sensitivities around mental health conditions.CPD members can earn 2 points for each Podcast listened too.

Co-chair of the National Mental Health Commission (NMHC), Lucy Brogden, joins Elayne Grace to discuss the state and spread of mental health conditions in Australia; the importance of insurance in the treatment response; and how the Government’s Fifth National Mental Health and Suicide Prevention Plan will impact the lives of people living with mental health issues.CPD members can earn 2 points for each Podcast listened too.

In this first episode, Elayne Grace introduces the Actuaries Institute's new Green Paper: Mental Health and Insurance. It’s a burning issue, and as guest (and co-author of the Paper) Geoff Atkins calls it, a ‘mega trend’ in society right now.CPD members can earn 2 points for each Podcast listened too.