Supporting and engaging our members
Climate and Sustainability Working Group (CSWG)
Health (HPC) • Working Group finalising new PS 600 Health Insurance Valuations (2024). • Facilitated Insights Session “Implementing ICAAP for Health Actuaries”. • Re-established a working group to produce the Health Practice Newsletter. Learn more
• Updated the Technical Paper on Climate Change for Appointed Actuaries to educate Members on climate risks and opportunities for insurers. • Drafted 12 new articles on the Climate Change blog including quarterly releases of the Australian Actuaries Climate Index. • CSWG members played pivotal roles in influential research papers presented at ICA2023 and contributed to publications like the Home Insurance Affordability Update and Funding for Flood Costs: Affordability, Availability and Public Policy Options. Learn more Data Science (DSPC) • Launched the world-first Data Science Actuary nomenclature at a Sydney event with 86 attendees. • Curated 5 practice newsletters, 4 podcasts, 3 Actuaries Digital and Cookbook articles. • Organised an Insights session on Path to GPT4 and the next 12 months. Learn more General Insurance (GIPC) • Organised 5 events, with 700+ registrations, achieving 90%+ positive feedback. • Contributed to 22 Institute matters, including peer review and Professional Standards updates due to IFRS. • Drafting a 2024 research paper from the General Insurance Professional Support for Actuaries Involved in Pricing Working Group. • Forming groups for GI Actuaries in Natural Perils, Disability & Accident Compensation, and Reserving. Learn more
Life Insurance (LIPC) • DITF issued a note on the Role of the Risk Function in Life Insurance
Product Sustainability, discussed with industry CROs. Currently focused on the approach to sustainability for retail TPD and Trauma. • COVID-19 Mortality Working Group released monthly insights and a mid-year Research Paper. • IFRS Taskforce ran an education series with 600+ students. • Collaborating with GIPC on actuarial pricing support, expecting a Research Paper in early 2024. • Contributed to the National Mental Health Commission’s Draft National Stigma and Discrimination Strategy. Learn more
Public Policy Council Committee (PPCC)
• Guided, reviewed and approved over 20 submissions, 7 papers and held roundtables that have helped position actuaries as thought leaders on major societal matters. • Explored issues that included home insurance affordability and climate change, inequality, genetics, the role of insurance as a safety net, and disability. Learn more
Actuaries Institute • Year in Review 2023
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