Past event content

2 CPD Points

Value-Based Healthcare; What is it and How can Actuaries play a role?

Get an introduction to value-based care, a value-based care framework and delve into barriers to implementing value-based care, lessons from other parts of the world and Actuaries and value-based care.

1 CPD Point

Best Practice Catastrophe Model Evaluation

This session aims to provide a best practice overview and guiding principles for catastrophe model evaluation and validation that is useful for end users.

2 CPD Points

Best Practice Catastrophe Model Evaluation (video)

Watch the recent presentation, for actuaries seeking to gain insight into catastrophe model evaluation.

1 CPD Point

Value-Based Healthcare; What is it and How can Actuaries play a role?

Download the slides.

2 CPD Points

The Critical Role of Actuaries in the Transition to a Low-Carbon Economy

This session brings insights from board members, leading actuaries, global thought leaders and general insurance experts to challenge the status quo and provide inspiration for how the role of the actuary will evolve in coming years.

2 CPD Points

International Women’s Day Celebration Event 2025

Watch the recent recording of our recent International Women’s Day Celebration Event.

2 CPD Points

Superannuation Tax Reform: Discussing Sensible Changes for a Fairer System

The Australian superannuation system delivers considerable benefits, including a financially secure retirement for an increasing number of retirees. However, a range of taxes on contributions, earnings and benefits make the system complex in a variety of areas. In this session, the Authors of the Institute’s Discussion Paper on Superannuation Tax Reform present an option for significant tax reform, comprising of several elements and which together as a package are suitable for the major structural trends in coming decades. This option is deliberately ambitious and has been written to provoke debate on what changes are needed for the future. The Actuaries Institute and the Authors welcome feedback on the reform package covered in this Discussion Paper, which will ultimately inform an update to the Institute’s public policy position. The goal is a retirement income system that is clear in its objectives, simpler, more efficient, delivers adequacy, and enhances equity across and within generations.

1 CPD Point

Superannuation Tax Reform: Discussing Sensible Changes for a Fairer System

2 CPD Points

Bridging the Gap: Actuaries and Banking

Actuarial skillset is extremely suited to work in banking dealing with risk and uncertainty, complex products and application of quantitative models. In this session we delve into the experiences and lesson learned by a panel of actuaries who apply their actuarial skillset in banking. The panelists with diverse background and experience and brings a unique perspective. Anyone with an interest in working in the banking sector can benefit from understanding some of the challenges, pathways and benefits of making this transition.

2 CPD Points

Empowering Actuaries with AI and Data Science

In today’s rapidly evolving landscape, the integration of AI and data science into actuarial work is transforming how actuaries approach risk, analytics, and decision-making. This session will explore practical, real-world applications of data science that are already enhancing the actuarial toolkit. We will showcase cutting-edge techniques for improving predictive accuracy, optimising processes, and providing deeper insights for strategic planning. Additionally, we will introduce two essential learning resources designed specifically for Australian actuaries: the Actuaries' Analytical Cookbook and the AI and Data Science Learning Resource. These resources provide hands-on tools, frameworks, and educational pathways that empower actuaries to thrive in data science roles, bridging the gap between traditional actuarial methods and modern analytics.

2 CPD Points

Mandatory Climate Reporting is Here: Are You Ready?

The introduction of mandatory sustainability and climate disclosure requirements accompanied by independent assurance reports represents a significant shift in reporting in Australia. With Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 passing the senate, it is now undeniable that Australia’s largest corporate entities will face elevated corporate reporting and transparency requirements for reporting periods beginning on or after January 2025. Additionally, APRA and ASIC’s expectations as well as investors and policyholders continue to evolve. A panel session focused on covering: Australian reporting and regulatory requirements including: The latest on the Sustainability legislation, ASRS and related Assurance Standards Timeline for compliance Focus areas of ASIC and APRA Focus areas of Directors What risk/finance/actuarial professionals should be doing to prepare for the implementation of the mandatory Australian Sustainability Reporting Standards (ASRS) The panelists will discuss: the key changes in the final standards; what insurers should be doing to prepare for implementation (high level roadmap) and what this means for actuaries (e.g. scenarios analyses) Primary amendment which mandates two scenarios, key ASRS requirements for scenario analysis, how scenario analysis is used to inform strategic planning/assess climate resilience and what is needed to effectively quantify the impacts of climate-related scenario analysis.

1 CPD Point

Mandatory Climate Reporting is Here: Are You Ready?

2 CPD Points

Pricing and Reserving For Natural Catastrophes

This Insights session is brought to you by the Natural Perils Working Group; a recently formed group sitting under the General Insurance Practice Committee. This introductory session will explore key considerations and approaches for natural perils pricing and catastrophe reserving. Come along if you would like to learn more about pricing and reserving techniques for natural perils and catastrophes, or if you are a current practitioner looking to brush up on your toolkit.

1 CPD Point

Pricing and Reserving For Natural Catastrophes

2 CPD Points

The Artificial Actuarial Team

How might the actuary of the future work alongside teams of artificial actuaries? Join us for an exciting live demonstration of an artificial actuarial team in action. This session will showcase how artificial actuaries, each with diverse specialities, can collaborate with human actuaries to complete actuarial tasks. Jared will demonstrate how artificial actuaries can understand and apply relevant contextual information, utilise various tools and applications, and provide and act upon feedback. This will all happen under the watchful eye of a human actuary. Additionally, Jared will highlight why actuaries are uniquely positioned to drive AI adoption and capitalise on the opportunities it offers. This session will underscore the critical skillsets that actuaries possess, which are essential for the successful integration of AI.

1 CPD Point

Risk Margin Survey Results

2 CPD Points

Summit 2025: Mulplicave SHAP Values: Advancing Interpretable Machine Learning in General Insurance Pricing

Insurance pricing increasingly relies on machine learning models who contradict actuarial pricing’s multiplicative structure. This paper extends SHAP values to multiplicative decompositions, aligning analytics with traditional actuarial rate relativities.

4 CPD Points

Summit 2025: Actuarial Outreach: Taming the Operational Resilience Hydra

On 1 July 2025, financial services enter a new age with the commencement of CPS 230: Operational Risk Management. The requirements of this prudential standard reflect a paradigm shift in how operational risk and related issues are to be managed.

2 CPD Points

Summit 2025: Managing retirement risks in the personal financial lifecycle

This paper focuses on preparation for retirement, which, seems to require an unattainable level of financial literacy. Retirement planning must be considered within the broader context of the personal financial lifecycle and the financial ecosystem.

2 CPD Points

Quantum Computing

A discussion on key concepts of quantum computing – superposition, entanglement, no cloning, and quantum error correction and the various approaches to and practical challenges associated.

7 CPD Points

Summit 2025: Dynamic Financial Analysis of General Insurers under Climate Change

To navigate the physical, financial and economic challenges over the long term, general insurers need a comprehensive understanding of the impact of climate change.

2 CPD Points

Summit 2025: Artificial Intelligence Property Buyers Agent

There are various factors affecting property price and the integration of AI into the real estate market has the potential to transform how property prices are predicted, analysed, and understood.

5 CPD Points

Summit 2025: AI Actuaries and Education

AI is poised to revolutionize the actuarial profession, making it imperative to establish best practices for its integration into actuarial education.

3 CPD Points

Summit 2025: Post-pandemic long-term mortality in Australia

Global insights can inform mortality projections within Australia’s unique demographic, healthcare system, and specific COVID-19 response and explores post-pandemic mortality trends in Australia.

10 CPD Points

Summit 2025: Pet Insurance – Understanding the Product, Pricing and Issues

The growing closeness of people to their pets has led to an increase in pet insurance to improve health and prolong life without prohibitive costs. As veterinary medicine advances, pet insurance plays a central role in supporting animal welfare.

5 CPD Points

Yes we GAN: Adapting generative models for predictive modelling with multivariate response

Much attention has been given to generative AI models and ‘human-centric’ outputs such as text or image generation. Surprisingly little research has been focused on other types of generative tasks.

2 CPD Points

What happened to My Health Record? Opportunities for improved health data sharing in Australia

The Federal Government’s Strengthening Medicare Report sets out an expansive agenda to improve healthcare in Australia through blended care pathways, supported by investment in better use of digital technology to share patient data. But the My Health Record system that underpins part of this plan has existed for over 10 years, has seen $2bn in investment and is still considered, to date, unsuccessful. This paper explores the reasons for those failures but also the possibilities for health and health actuaries should further investment in this system prompt the progress and growth long desired. With the Strengthening Medicare Report also putting the role of private health insurers in primary care back on the agenda, the presentation will also explore the current landscape and sentiments around private health insurers’ involvement in this area and the benefits to consumers of an appropriately safeguarded but better integrated data sharing platform.

2 CPD Points

AI in insurance and insuring AI: Navigating regulations, risks and opportunities

Artificial Intelligence is having a significant impact on the insurance industry, with rapid development and investment across the value chain. While AI presents opportunities for efficiency and improved service, it also brings new risks and regulatory challenges. We will explore three perspectives on the emerging relation between AI and insurance, with a focus on how regulatory and legislative changes are likely to impact insurers’ own use of AI, change the risk landscape for existing lines and introduce opportunities for new product innovations. We’ll cover: Impacts of emerging regulations and standards on insurance applications: We'll explore the rapidly expanding legislative, regulatory and standards environment. Examples include specific AI legislation in the EU and US, emerging regulations in Australia and updates to existing legislation to explicitly capture algorithmic and AI risks, such as the proposed changes to the Privacy Act 1988 (CMW). Complementing the regulatory development are standards and guidelines on appropriate application and governance of AI, including the ISO 42 group of standards that seek to provide a rigorous framework for system validation and audit, akin to existing standards around Cyber risk. AI-induced risks on existing insurance lines: Here we’ll address the ripple effects of AI on established lines. Examples include the potential for breach of duty claims impacting Directors and Officers insurance, complex changes to liability risk for organisations that include AI in their products and increased risks of privacy and data breaches impacting risk exposures for cyber cover. We'll discuss relevant international developments and examples, including the EU's ambitious Artificial Intelligence Liability Directive, which seeks to update the EU liability framework to make it easier for individuals to bring claims for harms caused by AI. Insurance solutions for emerging AI risks: In this section, we'll cover the potential for insurance products that cover new and emerging AI risks, including existing emerging examples. This includes nascent product-warranty like cover, and cover for consequential losses arising from underperformance of AI models. We'll discuss potential for cover against insurability criteria, and some of the associated likely product, underwriting and claims challenges.

2 CPD Points

(Re)insurance for the Greater Good

]In recent times, the reinsurance market has been going through a hardening phase with substantial price increases (corrections), tightening coverage, and even withdrawn capacity. While it is relatively well understood that the key drivers are post-COVID recoveries, challenging state of the economic, claims activities, and uncertainty associated with climate changes and geo-political risks, the solutions are not obvious, especially for the public sectors. When it comes to natural catastrophe risks, many in the private sector speaks of the language of economic and/or regulatory capital, e.g., ICRC, 1/200, 1/1000, return period, etc. The public sector speaks the language of funding, e.g., taxations, levy, etc. Since (re)insurance is an important form of funding for the government, a hardening (re)insurance market means that the government will face even wider protection gap, delay in infrastructure projects development, bigger risk in economic development, etc. Thera are, however, other public sector solutions available which has proven to be innovative and effective. These solutions help facilitate economic development and increase insurance protection and financial inclusion. In this context, the public sector refers to governments (at sovereign and sub-sovereign levels), state-owned enterprises (SOEs), sovereign wealth funds (SWFs), development banks, export credit agencies (ECAs), multilateral organisations and 'third sector' entities/NGOs. The presentation will conclude with a few case studies. Indicatively, there will be case studies like: (To be confirmed) Catastrophe bond for Pacific Alliance sovereign earthquake protection covering four countries. Mexico Hurricane Coral Reef Cover - first insurance coverage to protect a natural asset. Sovereign catastrophe risk transfer in the Asia-Pacific region – PCRIC Livestock protection against drought for smallholder farmers Longevity swap for sovereign pension

2 CPD Points

Joint Extremes of Precipitation and Wind Speed

The compounding effects of heavy rainfalls and strong winds can lead to severe disasters, resulting in catastrophic losses. This paper presents a novel approach to modeling joint extreme climate events involving precipitation and wind speed. A case study is undertaken, utilizing data gathered from weather observatories spanning across New South Wales, Australia. In terms of methodology, we propose an automated threshold selection method and implement an automated declustering technique to address inherent challenges in applying extreme value theory to a substantial number of datasets. Remarkably, these methodological advancements are applicable to various other forms of joint climate extremes. Furthermore, we introduce a proxy derived from these joint extremes and create a heatmap to identify any significant trends of joint heavy rainfalls and strong winds. This proxy offers a refined understanding of the compounding effects of joint extremes and holds the potential to provide valuable insights for pricing insurance products.

2 CPD Points

Optimal Illusion – A look at the practical limitations of insurance price optimisation

Price optimisation in insurance seeks to modify premiums away from risk cost in ways that maximise business objectives, such as increasing profit while achieving a target volume. Knowledge of customers’ price sensitivities can lead to sophisticated approaches to optimise premiums. While the practice has attracted some debate, it is generally accepted as effective. However, significant uncertainties and complexities arise on more careful analysis. Issues with model inaccuracy and complexities with multi-year impacts mean that establishing superior performance is less clear. This paper builds on existing research by exploring the situations where optimisation approaches can potentially struggle: • How do strategies play out over multiple years, and what is the impact on a portfolio’s price sensitivity over time? • How do nonlinearities in modelled demand curves, such as those induced by link functions, affect optimisation? • What are the practical impacts of model uncertainty on performance? • How do strategies fare in situations where customer price sensitivity can vary year to year? • How important is random price testing to maintaining accurate demand models? The paper will look at theoretical and simulated results, with an emphasis on understanding the robustness of standard optimisation approaches under plausible uncertainty assumptions on a multi-year basis.

1 CPD Point

Plenary 2: Knowing your Risk can Change your Future: the fight against hereditary disease

How can actuaries help families take control of their hereditary risk of disease? Where are the next great scientific, medical, and technological advances coming from in the field of genetics? What do these developments mean for industries like insurance and superannuation, and for actuaries working in the health sector? This session will be chaired by award-winning journalist and former National Medical Reporter for the ABC, Sophie Scott. Speakers are Professor David Thomas, CEO of Omico: the Australian Genomic Cancer Medicine Centre and inaugural Director of the Centre for Molecular Oncology at UNSW, Krystal Barter, founder of Humanise Health and a passionate genomics advocate, and actuary Jessica Chen, as they deep dive into innovations in genetics and bio-tech and analyse the impact on our work as actuaries, key industries and businesses, and the rest of society.