Program Snapshot, Papers and Presentations

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Sunday 21 May 2017
6.00pm	Registration Open and Cocktail Party

Monday 22 May 2017
7.00am	Registration Opens
8.30am	Welcome - Audio Jenny Lyon President, Actuaries Institute Facilitator Comments - Audio Emma Alberici
8.45am	Plenary 1 - Keynote address Audette Exel - Presentation - Audio Set against a background of polarization and global division, Audette Exel AO will share her journey of bridging worlds through her work as Founder of the Adara Group. As a social entrepreneur in the financial services sector, Audette’s out of the box thinking and creative approach has not only empowered people working in financial services to use their mastery for purpose, but has also had a significant impact on the lives of hundreds of thousands of people living in poverty across the globe. Q&A - Audio
9.45am	Morning Tea
10.15am	Plenary 2 - Think Differently about Society Introductions: Emma Alberici, Facilitator Julia Lessing - Presentation - Audio Juliet Bourke - Presentation - Audio Richard Enthoven - Audio Renee Hancock - Presentation - Audio It is said that “the only constant is change”. This is certainly true for our society and also for society’s expectations of individuals, industries and professions. So, how do we need to “think differently” in a world that is very different to that of not so long ago? This session is led by industry leaders and will generate discussion in areas where financial services has potentially lagged behind society. The panel’s participants are particular experts in the areas of socioeconomic and gender diversity and inclusion, although the discussion is expected to range across the full gamut of societal change and the “new normal” for expectations of companies and professions. Q&A - Audio
11.50am	Concurrent 1 Trauma product developments * Robert Kerr - Presentation - Audio Building Analytical Strength in an Actuarial Team * Genevieve Hayes - Presentation - Audio Insuring Cyber Risk – A collaborative approach Susie Amos, Peter Yeates, Dean Marcus - Presentation - Audio** Does e-innovation Influence Performance Differently? The Case of Varying Levels of Small and Medium Enterprises in Regional Australia * Adewuyi Ayodele Adeyinka Synopsis Coherent Longevity Capital Framework * Kerwin Gu - Presentation - Audio** Stay or Go? The Science of Departures from Superannuation Funds * Nathan Bonarius, Richard Dunn - Presentation - Audio Paper New Solutions for New Problems – Ageing, Health and Retirement Like We’ve Never Seen Before Stuart Rodger - Presentation - Audio
12.40pm	Lunch
1.35pm	Concurrent 2 Life Insurance Underwriting in the New World Elizabeth Baker, Meera Sardana, Nia Reen - Presentation - Audio Synopsis Developments in ICAAP and ORSA with a Focus on Stress and Scenario Testing Briallen Cummings, Gerard Callaghan, Georgina Hemmings - Presentation - Audio Synopsis Further Adventures in Health Risk: an updated history of Australian Health Insurance Andrew Gale - Presentation - Audio Synopsis Paper Preparing for Climate Change Impacts: Funding Mechanisms Alison Drill, Kate MacKenzie, Doug Berge, Jon Harwood, Kelly Christodoulou - Presentation - Audio Synopsis Risk Culture – Board and Trustee Perspectives * Sean McGing - Presentation - Audio Synopsis Retirement Planning and Social Security * Garry Khemka, Adam Butt - Presentation - Audio Synopsis Group Insurance – Structures of the Future Jeff Humphreys - Presentation - Audio** Synopsis Paper
2.30pm	Concurrent 3 Future of Life insurance Angat Sandhu, Justin Ward - Presentation - Audio Synopsis** Mental Health and its impact on the insurance industry * Joshua Martin, Jane Dorter, Michael Dermody - Presentation - Audio Synopsis Paper Fair’s Fair? – An Update on Intergenerational Equity * Richard Lyon - Presentation - Audio Synopsis How “Scrums” and “Sprints” Can Support the Strategically Focused Actuarial Function * Trang Duncanson, Maria Muir, Darren Robinson - Presentation - Audio Synopsis Designing successful and resilient lifetime retirement income products Cary Helenius, Jules Gribble - Presentation - Audio Synopsis** Attracting the best and brightest to the actuarial profession through Massive Open Online Courses * Adam Butt - Presentation - Audio Synopsis
3.25pm	Concurrent 4 Thinking about life insurance through a genetic lens Jessica Chen, Damjan Vukcevic - Presentation - Audio Synopsis Paper IFRS 17 Implications for life and general insurers Brendan Counsell, Shweta Krishna and Paul Harris - Presentation - Audio Synopsis Man versus Machine - the rise of the robo actuary * Marc Mer, Gloria Yu, Adam Karasiewicz - Presentation - Audio Synopsis Living Through Change – LIWMPC’s Update on the Life Insurance & Wealth Management Industry LIWMPC – Anton Kapel, Ilan Leas, David Millar - Presentation - Audio Synopsis Embedding Behavioural Finance in an Investment Management Process Douglas Isles - Presentation - Audio Synopsis How To Grow Your Professional Relevance – and the Relevance of the Profession * Martin Mulcare, Rick Gilmore - Presentation - Audio Synopsis**
4.15pm	Afternoon Tea
4.35pm	Plenary 3 - Think Differently about Customers Introductions: Emma Alberici, Facilitator - Audio Geoff Summerhayes - Audio Helen Troup- Audio Martin Fahy- Audio David Johnson - Audio Fair treatment of customers is something any reasonable Chief Executive would expect their organisation to live by. No organisation wants to incur the wrath of its customers and lose potential repeat business, damage its reputation, or attract negative attention of the media or regulators. Yet the balancing of different stakeholders’ needs is a tricky business, whether they are customers, shareholders, employees, claimants, continuing policyholders, distribution channel or regulators. Social media enables our customers to reach a wide audience quickly, especially if their story is told in a compelling way, or appeals to our sense of outrage. In this session you will be challenged to “think differently” about how we Design our products to minimise the risk of misalignment among stakeholders Promote ethical behaviour in our organisations Respond to customers who challenge our business via media, old and new. Q&A - Audio
5.50pm	End of Conference Sessions Day 1
7.00pm	Gala Dinner Melbourne Town Hall

Tuesday 23 may 2017
7.30am	Registration Opens
8.30am	Plenary 4 – Think Differently about Mental health Introductions: Emma Alberici, Facilitator Dr Bill Monday Niki Ellis Dr Derek Lovell Michael Stephenson Society is starting to think quite differently about mental health than in the past. There is a much greater awareness of the disabling impact of mental illness and much greater levels of recognition and diagnosis. Each year one in five Australians will experience a mental illness and mental illnesses are the third leading cause of disability burden in Australia. Insurance products that protect against illness and disability have struggled to keep pace with these changes and now is the time to think differently about how insurance can best intersect with mental health issues. The panel’s participants are experts in insurance, mental health, disability and compensation and will explore the challenges of mental health issues for insurers and those people with a mental illness. Q&A
9.50am	Morning Tea
10.20am	Concurrent 5 Building consumer trust in the life industry – alternative approaches to recent issues * Kim Cohen - Presentation - Audio Synopsis Insuring a better disability system part 2: transition to full scheme * Sarah Johnson Synopsis Stress Testing – Confluence of the Actuaries and Economists Viewpoints in the New Economic Environment Sen Nagarajan, Don Johnstone, Martin Lam, Michael Thomas, Kristian Kolding - Presentation - Audio Synopsis Member’s Default Utility Function for Default Fund Design * Changyu Estelle Liu, Adam Wenqiang Shao, David Bell - Presentation - Audio Synopsis They Need to Smile a Bit More: Perceptions of Actuaries from other Professionals in Non-Traditional Areas * Julia Lessing and Alice Truong - Presentation - Audio Synopsis** Strategic Decision Making in a Rapidly Evolving Cyber Risk Environment * Robert Menzies, David Millar - Presentation - Audio Synopsis
11.15pm	Concurrent 6 How Can Life Insurers Optimise Customer Outcomes in a Low Yield World? Mark Griffiths, Nick Symons - Presentation - Audio Synopsis** Experience investigations: more than a regulatory box-ticker * Emily Galer, Jason Sun - Presentation - Audio Synopsis Financial Services, Risk Culture and the Effective Professional Tim Gorst - Presentation - Audio Synopsis Is private health insurance affordable in Australia? Barry Leung - Presentation - Audio Synopsis Paper The Actuarial Phoenix? Lesley Traverso, Jules Gribble - Presentation - Audio Synopsis** Better Health Outcomes * Caroline Stevenson , Anthony Maher Synopsis
12.05pm	Lunch
1.05pm	Concurrent 7 Liquid Biopsies and cancer detection – hype or a milestone in cancer detection and management? * Bill Monday Synopsis Globalisation of the Insurance Capital Standard: Should we be concerned? * Kenneth McIvor, Paul Caputo - Presentation - Audio Synopsis GI & Life Actuarial streamlining – Different sides of the same coin Gloria Yu and Ruth Lisha - Presentation - Audio Synopsis Risk Equalisation – Time to Think Differently? * Jamie Reid, Ellen Bruce, Matthew Crane , Kris McCullough - Presentation - Audio Paper Synopsis Why “Human Centered Design” Should Matter for Actuaries * Rowan Ming, Louise Bayne, Monika Weenink and Tom Bui Minh - Presentation - Audio Synopsis Housing and Retirement Financing: Optimal Time to Buy a Residential Home * Mengyi Xu, Michael Sherris, Adam W. Shao - Presentation - Audio Synopsis Data Driven Public Policy: An Actuarial Journey in Maternal Health * Jananie William - Presentation - Audio Synopsis**
2.00pm	Concurrent 8 Sharing economy: Learning from the giants Quanyie Tan, Weihao Choo - Presentation - Audio Synopsis Practical Application of the New International Financial Reporting Standard for Insurance Contracts * John Nicholls - Presentation - Audio Synopsis Death by Data * Marc Mer and Basem Morris - Presentation - Audio Synopsis Actuaries working to support public policy –developments in social welfare and beyond* Rosi Winn, Anjali Napoli, Mike Clough - Presentation - Audio Synopsis Actuaries: Who do we think we are? * Avanti Patki, Tom Bui Minh, Nathan Colbert - Presentation - Audio Synopsis Simple * Robert Kerr - Presentation - Audio Synopsis Body Hacking and the Quest to Cure Death * Greg Solomon - Presentation Synopsis
2.50pm	Afternoon Tea
3.20pm	Plenary 5 - Think Differently about Change Introductions: Emma Alberici, Facilitator - Audio Henk Kleynhans - Audio Jason Wilby - Audio Glen Rabie - Presentation - Audio Big Data”, “Data Scientist”, “robo-advice algorithms”, “analytics”, “machine learning”, “clustering”, “data aggregation”, “predictive modeling”, “data mining” – just some of the terms becoming part of the popular business lexicon. Most actuaries would say that the rest of the world is just catching up with us but using more interesting labels to describe things we have always used and done. As the quantity, quality and accessibility of data increase, so does the pace of change. We need to do more than just keep up; we need to be seen as essential to leading and/or dealing with this change. The panellists will bring a perception from outside our profession of some of the drivers of change and potential implications. This will allow us to consider what roles we can play in ensuring consumers have sustainable, effective and efficient access to solutions to their financial needs.” Q&A - Audio
4.50pm	Summit Close
5.15pm	Bus to leave for Melbourne Airport

Capability Framework Functions

	Contribution to Business Strategy
	Leadership
	Actuarial Approach to Problem Solving
	Valuing Uncertain Future Cash Flow
	Risk Management
	Professional Governance
	Product Development, Management and Pricing
	Investment Advice and Governance