Actuaries Institute Year in Review 2023

Actuary of the Year

This year, the Actuaries Institute is pleased to announce that we are honouring two exceptional actuaries due to the profound impact and collaborative effort they have shown in advancing climate change solutions.

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Rade Musulin Rade is an actuary with more than 40 years’ experience specialising in natural perils, catastrophe risk modelling, public policy development and sustainability. He is the spokesperson for the Australian Actuaries Climate Index and was the author of the Actuaries Institute Research Paper Property Insurance Affordability: Challenges and Potential Solutions and Chair of the Climate Change Working Group. Rade represented the profession at COP27 in Egypt and COP28 in Dubai.

Sharanjit Paddam With more than three decades of experience, Sharanjit has continuously advanced our understanding of climate change and its intersection with the banking and insurance sectors. Sharanjit was an expert witness in the Royal Commission in National Arrangements for Natural Disasters and authored the recent Insitute Report, Home Insurance Affordability Update . Sharanjit was previously Chair of the Climate Change Working Group.

Actuaries Institute • Year in Review 2023

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