Monday 14 November 2016 |
| 8.00am | Registration Opens |
| 9.00am | Welcome Lindsay Smartt
President, Actuaries Institute |
9.15am
| Plenary 1 – Challenges of Today (Part 1) - audio
Introductions: Michael Pascoe, Facilitator
Win-Li Toh - Presentation - video
Kate Mackenzie - Presentation - video
Dr Katie Spearritt - video Q&A - audio - video Plenary Session 1A consists of three speakers who will focus on the “Challenges of Today’s General Insurance Market”. Win Li Toh, a Principal of Taylor Fry, will begin with an overview of the current GI market by summarising the key findings of the latest JP Morgan Taylor Fry General Insurance Barometer. She will focus on the important challenges faced by the industry, the outlooks and concerns for various insurance products, as well as the recent disruptions to the industry including but not limited to digital innovation and catastrophic events. Then Kate Mackenzie, Investment & Governance Manager of the Client Institute, will speak about the effect of climate change and the resulting risks and challenges faced by actuaries and insurers. She will also give an overview of the implications of various environmental risks on the GI market, including why climate change should be of concern to us, the consequences of these risks on the wider insurance industry, opportunities therein and how we may exploit these. Finally Katie Spearritt, CEO and founder of Diversity Partners with over 20 years of experience in planning and executing diversity strategies for Australian and global companies, will complete the session by discussing the importance of diversity in the actuarial and wider insurance industry and how improvements may be achieved. |
| 10.10am | Plenary 1 – Challenges of Today (Part 2) Estelle Pearson - Presentation - video
Stuart Bingham - Presentation - video
Mark Valena - video
Q&A - video
The role of the Appointed Actuary has been a matter of some debate within the profession and more broadly, with APRA recently releasing a discussion paper in relation to the role within both general insurers and life insurers, At the heart of this discussion is whether actuaries fill a compliance role, a strategic role or both within their organisations. These proposals will have impacted for actuaries, insurers, and APRA themselves. This session will provide a range of perspectives on this important topic - Estelle Pearson from Finity Consulting, Mark Valena from GMHBA and Stuart Bingham from APRA will each provide their thoughts on this important topic.
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| 11.00am | Morning Tea |
| 11.30am | Concurrent 1 Chasing the Tail: The Changing Lifecycle of a Short-Tail Claim and Impacts on Reserving
From Actuarial Science to Data Science - Advice for Actuaries Considering the Move into Analytics
Insurance Fraud - Are we Winning, or are the Odds Stacked Against Us?
The Rise and Fall of Inflation Indices
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| 12.15pm | Concurrent 2
Robustness in Reserving
Benjamin Avanzi, Mark Lavender, Greg Taylor, Bernard Wong
Paper - Presentation - Audio
Impacts of Frequency Contagion on Pricing of Catastrophe Excess of Loss Reinsurance for Australian Natural Perils
Will Gardner
Paper - Presentation - Audio
The NDIS; Today and Tomorrow
Sarah Johnson
Presentation - Audio
International Motor Trends
Kitty Ho
Presentation - Audio |
| 12.55pm | Lunch |
| 1.55pm | Concurrent 3
Catastrophe Model Assumptions and Uncertainty and Reinsurance Structure Response
Charles Pollack
Presentation - audio
A Field Guide for Actuarial Analytics in General Insurance
Amanda Aitken, Yifan Fu, Jonathan Cohen, John Connor
Paper - Presentation - audio
Insuring Cyber Risk – Intro & More
Cyber Working Group
Presentation - audio
Possibly the Biggest Risk in the World: Culture
Sharanjit Paddam, Brad Oldridge, Gloria Yu
Presentation - audio |
| 2.40pm | |
| 3.20pm | |
| 3.50pm | Plenary 2 – Solutions for Tomorrow - audio
Introductions: Michael Pascoe, Facilitator Fergus Brooks - Presentation - Video
Graeme Adams - Presentation - Video
Donna Walker - Video
Nick Sordon - Presentation - Video
Q&A - Audio - Video Central to the theme of this seminar is the future of the industry. We know disruption is present today and is going to be the new normal for tomorrow. Digitisation, the Internet of Things and the sharing economy have given birth to new tools to enhance the way we live, work and play, as well as to new risks and customer expectations. While white collar crime and political conflict are not new phenomena, cyber crime is increasingly used to target businesses and governments and is not restricted within geographic boundaries. The insurance sector is responding to these risks with new insurance products such as cyber insurance and peer-to-peer insurance. According to research, Generation Y is driving down customer satisfaction scores within the insurance industry as the technology within the insurance industry is not meeting their expectations. Solutions for tomorrow need to consider a wide range of issues covering risk mitigation, products to cover emerging insurable risks, data insights, IT systems, distribution channels, and customer experience, in a fast paced and fast changing environment. It is critical for the infrastructure and culture within the insurance sector to keep pace in this changing environment. |
| 5.30pm | End of Conference Sessions Day 1
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| 7.00pm | Gala Dinner |