Getting to Grips With Indigenous Data highlights that, despite decades of focus on the rights and outcomes of First Nations people, limited progress has been made on Closing the Gap targets. The Report suggests that better progress could be made if changes were made to how data about First Nations people is collected, used, and controlled.

The number of Australian households facing home insurance affordability pressure has increased by 30% to 1.6 million in the past year due to rising premiums outpacing household income growth. In "Home Insurance Affordability and Home Loans at Risk", we update the Australian Actuaries Home Insurance Affordability Index and explore the factors driving this trend and its potential impact on the home loan market.

This Report seeks to enrich the insights available from the May 2023 Green Paper by providing a deeper and more nuanced examination of inequalities for people with disability in Australia.

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.

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

The Actuaries Institute paper, Not A Level Playing Field, for the first time brings together a raft of Australian survey data with new analysis to paint a snapshot of income inequality in Australia. Importantly, it builds on the established work of the Australian Actuaries Intergenerational Equity Index and the investment valuation work actuaries pioneered for Federal and State governments. The paper highlights that inequality is significantly higher than in the 1980s, with the wealthiest 20% of households currently having six times the disposable income of the lowest 20%. Wealth inequality is even larger with the wealthiest quintile having 230 times more net assets.

The aim of this Green Paper, through a collaboration between the Actuaries Institute and independent economist Michael Blythe, is to share insights about scenario analysis and identify some plausible alternative futures that actuaries could consider as part of their professional work. These alternative futures are likely to be highly relevant for many other professionals and in many industries given the interconnectedness of the economy. These alternatives may result from significant shocks or structural breaks and what may happen as economic theory and policy evolve over time.

The aim of this Green Paper, through a collaboration between the Actuaries Institute and independent economist Michael Blythe, is to share insights about scenario analysis and identify some plausible alternative futures that actuaries could consider as part of their professional work. These alternative futures are likely to be highly relevant for many other professionals and in many industries given the interconnectedness of the economy. These alternatives may result from significant shocks or structural breaks

The Actuaries Institute has released its latest Green Paper, Cyber Risk and the Role of Insurance. Australians are more dependent than ever on technology and cyber risk cost the Australian economy $33 billion last financial year. The paper notes while the first line of defence against cyber risk will always be good cyber hygiene and security, cyber insurance is an important second line of defence.

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.

The Actuaries Institute has launched its latest Green Paper, titled Aged Care Funding: Assessing the Options and Implications. The Green Paper, commissioned by the Institute and written by actuaries Gillian Harrex, Andrew Matthews, Hadyn Bernau and Kylie Hogan, calls for a considered conversation about funding of the Aged Care system.

The Actuaries Institute understands Geoscience Australia is seeking to establish the factors that affect vulnerability of communities to severe wind events. One of the lenses into understanding that vulnerability is insurance uptake and affordability among the communities. At the request of Geoscience Australia, the Institute has analysed the following six local government areas (LGAs): Noosa Shire, Sunshine Coast, Moreton Bay, Redland City, Brisbane City and the City of Gold Coast.

The Australian Actuaries Intergenerational Equity Index (AAIEI), first released in 2020, shines a light on differences in wealth and wellbeing across age bands in Australia and how these have been changing over time. This update adds two new data points to the index – 2019 and the ‘year like no other’, 2020.

The Institute welcomes the opportunity to comment on the draft report in the areas of insurance, works compensation, superannuation and related funding issues.