Thought leadership

1 CPD Point

APRA Consultation: Proposed Changes to Governance

We support APRA's proposed new draft CPS 510, noting many of the issues raised by the Institute in our Response to Governance Review Discussion Paper have been considered.

Department of Health Consultation: Private Health Sector Reform - Consultation Paper 1

The Institute has provided a response to sections most relevant to actuarial expertise - PHI product simplification and risk equalisation.

Treasury Consultation: Genetic testing protections in life insurance draft regulations

We broadly support the draft regulations, which provide further clarity on conditions to which the ban applies. We would welcome a discussion with Treasury on how best to regularly collect and monitor population-level genetic testing data

Treasury Consultation: Strengthening the superannuation performance test

The Institute's preferred long-term position is for the test to transition to one that better measures a product’s performance on a risk-adjusted basis. If a single-metric approach is retained, it should be a better-designed metric that addresses the key shortcomings of the current approach which focus on investment implementation performance.

Response to APRA consultation on National Claims and Policies Database (NCPD) non-confidentiality determination and refreshed publication format

The Institute supports APRA's proposals for the NCPD non-confidentiality determination and refreshed publication format, including the move to downloadable spreadsheets and the addition of cyber insurance and management liability as separate product categories

APRA Consultation: Proposed superannuation data collection to implement the Government’s Retirement Reporting Framework

We support the objective of the Retirement Reporting Framework to enhance transparency and strengthen retirement outcomes assessments. Actuaries play an important role in the design, monitoring and evaluation of retirement income strategies, and we welcome initiatives that support more evidence-based decision-making.

Treasury Consultation: Enhancing member protections in the superannuation system

We strongly support the objective of enhancing member protections. Our submission focuses on how protecting members’ retirement savings could be achieved most effectively.

Life Insurance Code of Practice Review - Interim Report Response

Our submission focuses on the questions raised in the Interim Report relating to mental health. The Code should support the industry to respond and adapt to evolving expectations in a way that balances accessibility of insurance with equity for the insured population as a whole.

1 CPD Point

Climate Change Authority: Consultation on Developing an Evidence Platform

The Institute supports the overarching ambition of the Platform and the five design principles provide a strong foundation. We recommend an additional design principle be included focussed on decision usefulness and make suggestions regarding the proposed metrics for the Adaptation and Resilience and Critical Enablers domains.

Treasury Consultation: Education Reform for Financial Advisers

We strongly support the initiative to make it easier for financial services professionals to transition into financial planning through a more flexible and streamlined approach to recognising existing educational attainment while maintaining high standards.

1 CPD Point

Treasury Consultation: Building a Stronger and Fairer Super System Act 2026 – Draft Regulations

The Institute broadly supports the approach proposed by Government to calculating the Division 296 Tax for defined benefit (DB) interests. We provide some technical comments on the Regulations for consideration as they relate to DB arrangements and DB interests in SMSFs.

1 CPD Point

NSW Planning: Consultation on NSW’s Climate Change and Natural Hazards SEPP

The Institute supports the SEPP’s overarching objective to “future‑proof” communities against climate‑amplified natural hazard risks (including coastal hazards, flooding, bushfires and urban heat) and sees this reform as a critical complement to strengthening the National Construction Code. We strongly recommend the SEPP adopt an explicit principle of “no new residential or other highly vulnerable development in high‑risk hazard zones”. This is not intended to preclude lower‑consequence uses in high‑risk hazard zones, where events do not result in major disruption or loss.

1 CPD Point

Treasury Consultation: Streamlining and modernising the National Construction Code

Housing affordability should consider not only the initial cost of construction but also ongoing energy costs and repair after major disasters (usually reflected in consumer cost through insurance premiums). There are many relatively low cost modifications to current building practices which simultaneously reduce energy and repair (insurance) costs which have high benefit to cost returns for homeowners, within short payback periods, supporting the goals of the proposed pause of changes to the NCC.

1 CPD Point

2026 Pre-Budget Submission

The Institute's Pre-Budget Submission for 2026/27 highlights five critical areas to strengthen Australia's long-term economic and social foundations.

1 CPD Point

APRA consultation on targeted adjustments to the general insurance reinsurance framework

The Institute supports APRA's proposals on general insurance reinsurance settings and provides implementation feedback.

1 CPD Point

Department of Climate Change, Energy, the Environment and Water Consultation: Draft National Climate Scenario Guidance

This submission sets out the Institute’s response to the materials provided in this consultation covering foundations, developing scenarios, Australian climate projections datasets and overall guidance issues.

2 CPD Points

Australian Actuaries Intergenerational Equity Index: Cracking the Unsolved Generational Equation

A Report analysing 25 years of data to examine how the wealth and wellbeing of different generations has changed and what policy can do about it.

2 CPD Points

Reinsurance Explained: A Pillar of Strength for General Insurers

Explore how reinsurance supports affordability and resilience in Australia’s insurance market amid rising natural disaster costs and climate change.

2 CPD Points

Housing in Australia: Financial Journeys Through Affordability, Retirement and Climate Challenges

A paper presented to the joint conference hosted by ABS and RBA examining Australia's dual housing challenges and their impact.

2 CPD Points

Home Insurance Affordability and Home Loans at Risk

A Report analysing the drivers of rising affordability stress in Australia and potential implications for the home loan market.

2 CPD Points

Home Insurance Affordability Update

This Report explores the context of all natural perils and discovered that the proportion of “affordability stressed” households – those that spend more than one month’s worth of their gross annual income on home insurance – rose from 10 to 12 per cent. These households spend on average 8.8 weeks of their income on home insurance, which is more than seven times what the average household spends.

2 CPD Points

Funding for Flood Costs: Affordability, Availability and Public Policy Options

This Report examines riverine flood risk alone and outlines a package of short, medium, and long-term policy measures that should be considered by governments, insurers, and other stakeholders to reduce affordability stress for households who are also facing the highest risk.

3 CPD Points

Home Insurance Affordability and Socioeconomic Equity in a Changing Climate

The Actuaries Institute has released its latest Green Paper, Home insurance affordability and socioeconomic equity in a changing climate. This paper launches the Australian Actuaries Home Insurance Affordability (AAHIA) Index, which measures how many days of income it takes a household to pay a home insurance premium - and showcases how actuaries use data for good, and their expertise on climate change issues.

1 CPD Point

Property Insurance Affordability: Challenges and Potential Solutions

The Actuaries Institute's Research Paper examines home insurance affordability in Australia, finding that up to 12% of postcodes — around 7% of the population — face pressure meeting annual premiums.

3 CPD Points

When Sydney Becomes an Inland Sea, We’ll Need the Pool

The underlying cause of potential flood losses, inappropriate development, needs to be addressed as a priority. Government needs to mitigate the risk of flood through measures such as revising current building codes, building or improving dams and levees, re-location of high risk properties, and renovations to existing buildings and infrastructure. Every dollar spent in mitigation can save many dollars in future loss payments.

2 CPD Points

Mortality in Australia and the Rest of the World in 2024

A Report examining mortality trends in Australia and globally following the COVID-19 pandemic and its ongoing impact on population health.

1 CPD Point

Group Insurance in Superannuation Public Policy Statement

This Statement highlights key public policy positions of the Institute on group insurance in superannuation, promoting stronger governance, simpler products and fairer outcomes for Australians.

2 CPD Points

Life Insurance Sustainability Guide

A framework for managing life insurance products for the long-term alignment of all system participants.

2 CPD Points

Disability Insurance in Australia: Findings and Recommended Actions

The Disability Insurance Taskforce has released its final Paper, Updated Findings and Recommended Actions. This Paper offers key recommendations to promote sustainability across disability insurance and align with meeting APRA's sustainability expectations for IDII and beyond.

3 CPD Points

Individual Disability Income Insurance Sustainability Guide

This Sustainability Guide (Guide) has been developed by the Actuaries Institute Disability Insurance Taskforce (the Taskforce) to support actuaries in their various professional roles, other insurance professionals, boards, management, regulators, and other interested parties with the aim of creating or enhancing practices to promote sustainability in the retail Individual Disability Income Insurance (IDII) market, in line with APRA’s expectations and sustainability measures. The range of professional roles in which actuaries work includes in pricing and valuation teams, as Appointed Actuaries, in risk management functions, as executive leaders and board members. This Guide is intended to help actuaries and any other readers to consider critical aspects of product design, operational practices, pricing uncertainty, risk management and risk appetite. It provides clarity about important practices that may lead to poor sustainability. Actuaries and other readers should consider using this Guide to help continually improve their frameworks, policies and day to day practices to mitigate risks and improve long term IDII sustainability for consumers and insurers.

3 CPD Points

Findings and Recommended Actions for Individual Disability Income Insurance

This Disability Insurance Taskforce document contains an overview of the feedback received through the consultation process, the response of the Taskforce to that feedback and the final recommendations from the Taskforce

3 CPD Points

Impact of COVID-19 on Mortality and Morbidity in 2020

With a full year fof mortality experience since the beginning of the pandemic, what does it tell us about deaths worldwide and in Australia? And how might future morbidity and mortality be impacted?

3 CPD Points

Product Sustainability Working Group: Retail Advised Lump Sum Product Sustainability Final Report

3 CPD Points

The Future of Life Insurance

The Actuaries Institute has today released the fifth paper in its thought leadership series *The Dialogue - leading the conversation. Ilan Leas discusses the future of the Australian life insurance industry and sets out a range of ideas for government and industry that suggest how life insurance could adapt to meet increasingly demanding consumer needs and expectations of the future.

3 CPD Points

Genetics – A Testing Time for Insurers?

The Actuaries Institute has today released the second paper in its thought leadership series The Dialogue - leading the conversation. Written by two senior actuaries, Alan Doble and Jessica Chen, Genetics - a testing time for Insurers? considers the implications of genetic testing on life insurance.

3 CPD Points

Developing The Risk Appetite Framework Of A Life Insurance Business

It is important for businesses to have a well-articulated Risk Appetite Framework to ensure they have considered the risks associated with their business plans, and have the resources to mitigate these risks should they arise.

2 CPD Points

Australian Actuaries Intergenerational Equity Index: Spotlight on the Australian Tax and Transfer System

A Report providing a detailed picture of how Australians contribute to, and benefit from, the tax and transfer system at different stages of life.

2 CPD Points

It's Time: Here's How to Turn Superannuation into a Retirement Income System

A Dialogue Paper proposing a three-part reform package to help superannuation deliver on its core purpose: income in retirement for all Australians.

2 CPD Points

Financial Advice Reform and Help, Guidance and Advice

A Discussion Paper proposing a principles-based framework to make financial support more accessible and trustworthy for all Australians.

Australia’s Retirement Income System Public Policy Statement

Australia's retirement income system is sound but has scope for improvement. This Public Policy Statement highlights the Actuaries Institute's positions on pensions, superannuation, and voluntary savings to enhance retiree outcomes.

1 CPD Point

Group Insurance in Superannuation Public Policy Statement

This Statement highlights key public policy positions of the Institute on group insurance in superannuation, promoting stronger governance, simpler products and fairer outcomes for Australians.

2 CPD Points

Complementing the Standard Risk Measure: Framing Super as an Investment for Retirement

A Discussion Paper introducing a new long-term investment risk measure for superannuation.

2 CPD Points

Housing in Australia: Financial Journeys Through Affordability, Retirement and Climate Challenges

A paper presented to the joint conference hosted by ABS and RBA examining Australia's dual housing challenges and their impact.

3 CPD Points

Superannuation Tax Reform: Sensible Changes for a Fairer System

In Superannuation Tax Reform: Sensible Changes for a Fairer System, actuaries Richard Dunn, Michael Rice, Jennifer Shaw and Alun Stevens set out their vision for meaningful tax reform that aims to make super simpler to invest, easier to spend and fairer with bequests.

2 CPD Points

More Than Just a Roof - Changing the Narrative on the Role of the Home

While more than 80% of people currently aged 65 to 74 live in their own home, many of these ‘asset rich cash poor’ retirees are living more frugally than they need to. In "More Than Just a Roof: Changing the Narrative on the Role of the Home", Andrew Boal argues that we should reconsider the role of the home as a fourth pillar of our retirement income system.

2 CPD Points

Retirement Matters

Australia currently has about four million retirees, with another 670,000 people intending to retire in the next five years. Retirement Matters, a Dialogue Paper written by actuaries Andrew Gale and Stephen Huppert, argues that the time for Australia to reimagine retirement is now.

2 CPD Points

Uplifting Superannuation Risk-Based Capital Management

The Actuaries Institute has released its latest Research Paper, titled Uplifting Superannuation Risk-Based Capital Management. This Research Paper aims to assist superannuation trustees uplift their approach to risk-based capital management by providing a framework and practical examples.

3 CPD Points

A Framework to ‘Maximise’ Retirement Income

This Dialogue explores how superannuation trustees may need to approach any quantitative requirements and analysis in order to satisfy Australia’s new Retirement Income Covenant legislation from 1 July 2022. In particular, we focus on a cohort that represents ‘middle Australia’ when entering retirement.

3 CPD Points

Gender Inequality in Retirement Savings

3 CPD Points

Developing the Retirement Income Framework

This paper sets out considerations for the advice that we believe to be required by members, suggesting how it can be provided affordably, and the products that should be offered. Obstacles to the development of an appropriate framework include some reluctance to change, the risks that trustees will be blamed when some members are worse off, and the possibility of lack of take-up and being left with loss making products.

2 CPD Points

The Importance of Accurate Life Expectancy Calculations in Retirement Advice

Recent research into the methodologies used by financial planners has shown that the retirement tools advisers use may not always reflect best practice when it comes to Australia’s increasing life expectancy.

3 CPD Points

Options for an Improved and Integrated System of Retirement

In this Report, the Actuaries Institute urges the Federal Government to give broad scope to its pending review of Australia’s retirement system, to better integrate the Age Pension, superannuation and aged care.

2 CPD Points

Mobilising Investment for Climate Adaptation

A Report discussing solutions to the challenges of negative economic and social impacts of climate change and recommendations for valuing, coordinating and financing adaptation investment.

2 CPD Points

Housing in Australia: Financial Journeys Through Affordability, Retirement and Climate Challenges

A paper presented to the joint conference hosted by ABS and RBA examining Australia's dual housing challenges and their impact.

1 CPD Point

Climate Change Public Policy Statement

This Statement highlights key public policy positions of the Institute relating to climate change.

2 CPD Points

Funding for Flood Costs: Affordability, Availability and Public Policy Options

This Report examines riverine flood risk alone and outlines a package of short, medium, and long-term policy measures that should be considered by governments, insurers, and other stakeholders to reduce affordability stress for households who are also facing the highest risk.

1 CPD Point

Property Insurance Affordability: Challenges and Potential Solutions

The Actuaries Institute's Research Paper examines home insurance affordability in Australia, finding that up to 12% of postcodes — around 7% of the population — face pressure meeting annual premiums.

3 CPD Points

The Impact of Climate Change on Mortality and Retirement Incomes in Australia

In its latest Dialogue paper, authors Dr Ramona Meyricke, Senior Actuary at TAL, and Rafal Chomik, Senior Research Fellow at the Centre of Excellence in Population Ageing Research, discuss wide-ranging implications of climate change on mortality, superannuation contributions and retirement incomes.

3 CPD Points

When Sydney Becomes an Inland Sea, We’ll Need the Pool

The underlying cause of potential flood losses, inappropriate development, needs to be addressed as a priority. Government needs to mitigate the risk of flood through measures such as revising current building codes, building or improving dams and levees, re-location of high risk properties, and renovations to existing buildings and infrastructure. Every dollar spent in mitigation can save many dollars in future loss payments.