Past event content

1 CPD Point

Actuaries in Action; Superannuation & Investments

The meeting featured an insight session where four actuaries shared their career journeys in the financial and actuarial sectors, discussing their experiences in retirement solutions, consulting, and trading roles. The panelists explored the value of actuarial training in various professional settings, including consulting and direct employment, while addressing stereotypes about actuaries and emphasizing the importance of lifelong learning and professional development. The discussion concluded with conversations about actuaries' roles in improving retirement outcomes and their career development journeys, highlighting the significance of mentorship, effective communication, and aligning personal values with career choices.

2 CPD Points

AI and Chill Improve your productivity Work Smarter, Not Harder

Colin discussed the capabilities, limitations, and best practices for using Large Language Models (LLMs) in various professional contexts, emphasizing the importance of human judgment and oversight. He demonstrated practical applications of AI across industries, including insurance, banking, and education, while highlighting strategies for improving prompts and outputs. The session concluded with insights on staying informed about AI developments and a call for feedback to enhance future discussions.

2 CPD Points

Actuaries in Action; Superannuation & Investments

The meeting featured an insight session where four actuaries shared their career journeys in the financial and actuarial sectors, discussing their experiences in retirement solutions, consulting, and trading roles. The panelists explored the value of actuarial training in various professional settings, including consulting and direct employment, while addressing stereotypes about actuaries and emphasizing the importance of lifelong learning and professional development. The discussion concluded with conversations about actuaries' roles in improving retirement outcomes and their career development journeys, highlighting the significance of mentorship, effective communication, and aligning personal values with career choices.

1 CPD Point

Insights Session; Metabolic Health and Implications on Insurance slides

The meeting focused on metabolic health and its implications for insurance, covering topics such as the importance of understanding how people live, the impact of diet and lifestyle on health, and potential innovations in insurance products and wellness programs. The discussion emphasized the need for a shift in approach, from supporting people when they need insurance to rewarding prevention, and explored the potential of incorporating metabolic health factors into underwriting, pricing, and claims management. The team also shared personal experiences with glucose monitoring and addressed questions about using wellness data in life insurance, highlighting challenges and opportunities in this evolving field.

2 CPD Points

Insights Session: Metabolic Health and Implications on Insurance

The meeting focused on metabolic health and its implications for insurance, covering topics such as the importance of understanding how people live, the impact of diet and lifestyle on health, and potential innovations in insurance products and wellness programs. The discussion emphasized the need for a shift in approach, from supporting people when they need insurance to rewarding prevention, and explored the potential of incorporating metabolic health factors into underwriting, pricing, and claims management. The team also shared personal experiences with glucose monitoring and addressed questions about using wellness data in life insurance, highlighting challenges and opportunities in this evolving field.

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.

0 CPD Points

Young Actuaries Program Career Series Practical Presentation Skills

The Actuaries Institute's Diversity and Inclusion Working Group held a meeting focused on developing effective presentation skills for young actuaries. The session covered various aspects of public speaking, including structuring presentations, managing nerves, engaging audiences, and utilizing AI tools for practice and feedback. The meeting also addressed strategies for handling differing opinions in team meetings and discussed the balance between honesty and confidence in presentations.

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

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.

7 CPD Points

Summit 2025: Operational Risk Management Industry Survey

PFS Consulting has conducted an industry wide survey of APRA regulated financial institutions to take the pulse of the industry on issues around readiness, operational complexity, governance and risk management in line with CPS230.

9 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.

8 CPD Points

Summit 2025: Retirement Incomes: Approaches to Member Cohorting and Outcome Analysis

A key challenge for funds to assist members identify the most suitable strategy for them in retirement is accessing and appropriately analysing data on their circumstances and understanding their preferences.

1 CPD Point

Summit 2025: Modernising Actuarial Practice to Address Climate Change and Societal Issues: A Systematic Literature Review

This research examines how actuaries might use new methods to adapt to this disrupted environment with the likes of climate change and demographic transitions.

5 CPD Points

Summit 2025: Towards Fairer Retirement Outcomes; Socio-Economic Mortality Differentials in Australia

This paper addresses the challenge in delivering equitable and sustainable income retirement.

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

Summit 2025: 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.

5 CPD Points

Summit 2025: 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.