Professionalism and ethics

2 CPD Points

Code Principle 2 – Comply With What?!

Deep dive into compliance even when it's a moving target or we're exploring new territory. Get regulatory updates with a lense towards Australia, data science and AI, ESG, financial institutions and more.

2 CPD Points

Code Principle 2 – Comply With What?!

Deep dive into compliance even when it's a moving target or we're exploring new territory. Get regulatory updates with a lense towards Australia, data science and AI, ESG, financial institutions and more.

2 CPD Points

A Principles-Based Code: Helpful or Hindrance?

In 2020, we introduced a principles-based Code of Conduct which replaced a rules-based code first established in 1975. Has the principles-based approach helped or hindered how we work? Have the concerns around its implementation become a reality?

2 CPD Points

A Principles-Based Code: Helpful or Hindrance?

In 2020, we introduced a principles-based Code of Conduct which replaced a rules-based code first established in 1975. Has the principles-based approach helped or hindered how we work? Have the concerns around its implementation become a reality? What more action regarding the Code can we take? In this session, you will: Participate in discussion on the learnings of moving from a rules-based to principles-based code Reflect on how the Code affects your day-to-day work and reputation as an actuary Understand the impacts of a principles-based Code and considerations of next steps, such as embedding it in education

4 CPD Points

Asia Pacific Ethics & Professionalism Seminar

Join actuaries across the Asia-Pacific region to unpack urgent and emerging challenges for ethics and professionalism in the profession. Deepen ties between APAC actuaries as you work together, benchmark ideas and scenarios, and absorb practical insights you can bring back to work to make a difference. This seminar will be followed by an interactive, virtual Q&A session with all speakers. This event will provide Actuaries Institute Australia members with their total 5 CPD points required for professionalism training.

1 CPD Point

Professionalism: Failures, Consequences and Answers

Navigating the ethical boundaries of actuarial work has long been a major topic of discussion. As the profession faces rapid disruption from emerging markets and technology across a wide range of industries, the ethical discussion can sometimes fade into the background. In this session, our experts dive into what the public’s expectations are of a profession that prides itself on being ethical and responsible, and the challenges that come with it. The session will explore failures in professionalism (including from actuarial services) and discuss the inherent issues, consequences and possible solutions to prevent such failures.

1 CPD Point

Serving the public interest through the Public Interest Actuary

The IAA membership regulations require members to include in their code of conduct an obligation that “an actuary shall act in a manner that fulfils the profession’s responsibility to the public” , or similar requirements consistent with this. Accordingly, the Code of Conduct of the Actuarial Society of South Africa (the ASSA Code) contains the same provision: “a member must act… in a manner that fulfils the profession’s responsibility to the public” . IAA PG1 goes on to state that: Provided an actuary meets the requirements of law as well as his or her actuarial association’s code of professional conduct and applicable professional standards, then the actuary will be considered to have met his or her responsibility to the profession and to public. The ASSA Code contains a similar provision. On face value, this appears to dispense with the matter of serving the public interest. However, views on this differ. For example, one view is that nothing further needs to be done. Another view is that much more should be done to serve the public interest. Another view is that individual actuaries should not have a duty to the public interest . The precise definition of ‘public interest’ remains out of reach, and the application of the “profession’s responsibility to the public”1,2 is open to interpretation. Nonetheless, the Actuarial Society of South Africa took the bold step of creating a position of Public Interest Actuary, with oversight by the Public Interest Governance Committee. This paper will discuss the nature of this Public Interest Actuary role, and highlight some of the main issues that need to be considered.

1 CPD Point

Serving the public interest through the Public Interest Actuary

1 CPD Point

Asia-Pacific Ethics and Professionalism Seminar - The Ethical Role of the Actuary

What is the ethical role of the actuary in the business world? How do actuaries balance the needs of stakeholders while remaining ethical in practice? In this session, speakers discuss how actuaries in different domains approach ethical behaviour and dealing with different ethical expectations between shareholders, distribution, and the customer.

4 CPD Points

Asia-Pacific Ethics and Professionalism Seminar

Around the world, actuaries are confronted with emerging ethics and professionalism issues. This includes issues and questions around: data security challenges algorithmic bias in our technology changing expectations around ethical behaviour in our financial sector profitability issues along with pricing and claims outcomes in the life insurance sector.

1 CPD Point

Asia-Pacific Ethics and Professionalism Seminar - Data Ethics

Ethical concerns around data are a large subject of conversation all over the world. Speakers share their personal views on hot topics such as privacy, security, reliability, bias and algorithms, and consider what all this might mean for professionals.

1 CPD Point

Asia-Pacific Ethics and Professionalism Seminar - Behaviour and Reputation

How we behave and act in our personal lives can have effects on our professional lives and vice versa. The behaviour of members can run contrary to their professional experience and potentially damage their businesses’ reputation. In this discussion, we look at the New Zealand experience where there are challenges in a small membership addressing conduct and behaviour. This includes how to appropriately appoint members to disciplinary committees and the recent review of Code of Conduct and Disciplinary procedures.