Program Snapshot

Print This Page

Tuesday 20 March 2018
8.30am	Registration opens
9.00am	Welcome – John Evans, President, Actuaries Institute
9.05am	Plenary 1 – Current Approaches to Measuring and Funding Risk Chair: Jeremy Waite Sarah Elsey - presentation, audio Rob Whelan - presentation, audio Daniel Smith - presentation, audio Insurance pricing capabilities are becoming increasingly sophisticated. This coupled with the increased availability of data, in terms of exposures (e.g. PERILS) and hazards, is creating difficult choices for insurers. It is also leading to risks that might not be economical to insure. This session will look at these issues, as well as present an engineering view of where the nature of the risk can change, such as new building materials that are more resilient to perils. The session will finish with a view from the Insurance Council of Australia on the role of insurers in the funding mix for natural catastrophes for Australia.
10.35am	Morning Tea
11.00am	Plenary 2 – Challenges in Funding High Risk Areas Chair: Simone Collins Tim Andrews - presentation, audio John McAneney - presentation, audio Scott Reeves - presentation, audio The current insurance model for funding natural hazard impacts to private and commercial dwellings involves risk rating, whereby premiums can vary significantly for properties assessed to be high or low-risk. What challenges does this model present? What is the extent of the affordability challenge and could pooling arrangements assist, or would these create new issues? During this plenary, speakers will address these and other questions.
12.30pm	Lunch
1.30pm	Plenary 3 – Impacts of Catastrophes on Communities Chair: Sharanjit Paddam Richard Thornton - presentation, audio Melissa Parsons - presentation, audio Rachel Nibbs - presentation, audio Andrew Coghlan - presentation, audio What are the financial and non-financial impacts of catastrophes on communities? What can we learn from past disasters about the social impacts on communities and individuals? How can we best position ourselves for rapid and effective reconstruction post-event? During this plenary, speakers from leading organisations with on the ground experience of disasters and recovery will address these and other questions.
3.00pm	Afternoon Tea
3.25pm	Plenary 4 – Managing Uncertainty of the Future Chair: Richard Yee Dr David Karoly - presentation, audio Professor Holger R. Maier - presentation, audio Rade Muslin - presentation, audio The nature of future Hazards will likely be different from today. What will future hazards look like? In 2050, the man-made environment and the natural environment could be dramatically different than what we can even imagine. The effect of the current technological upheaval combined with climate change coupled with strong population growth in major cities presents future planning challenges. How should governments and planning bodies find solutions to deal with future growth and future hazards to build resilient cities?
4.55pm	Closing Remarks - John Evans, President, Actuaries Institute - audio
5.00pm	Networking Drinks
6.00pm	Seminar End

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