The intention of this article is to get readers to reflect on the question, what is a broad purpose for risk equalisation as one instrument forming part of a health system?

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.

Could superannuation help solve our healthcare funding crisis? In our latest instalment of Investment Ideas, hosts Douglas Isles and Jan Swinhoe speak with Dr Raymond Yeow, a unique voice in healthcare who combines perspectives as both a GP and an actuary. Key areas discussed include: A proposal for Health Savings Accounts within superannuation, based on […]

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Learn about the transformative potential of Value-Based Care in addressing Australia’s healthcare challenges through improved outcomes and cost management.Contents Executive summary Introduction An overview of the health ecosystem in Australia What is Value-Based Care? A framework for Value-Based Care Barriers to implement Value-Based Care Lessons from other jurisdictions Actuaries and Value-Based Care Closing […]

Australia’s injury and disability scheme system is complex. There are 11 different workers compensation schemes, eight compulsory third party (CTP) schemes and several other injury schemes, including the National Disability Insurance Scheme (NDIS), each governed by different laws and varying in the modes of operation. So, how can actuaries apply their expertise to help Australian […]

In their latest article, the Mortality Working Group shares excess mortality analysis for the first eight months of 2024. In summary For the first eight months of 2024, against a baseline that includes anticipated COVID-19 deaths: total mortality was 2% higher than predicted; COVID-19 mortality was 70% higher than predicted; Non-COVID respiratory mortality was 8% […]

Antony Claughton, Member of the Health Practice Committee (HPC) and Chair of HPC’s Gold Product Working Group, along with members of the Working Group, will host an interactive Town Hall-style Insights Session on Monday 30 September 2024 to look at the sustainability of the Gold hospital tier. Find out more and register here. Is there […]

Hindsight adjustments, adjustments to the year-end accounts using post-balance date data (e.g., July and August payments data), are common in the PHI industry. But initial interpretations of AASB 17 by the Actuarial Taskforce thought they were no longer permitted. As AASB 17 has been implemented, that thinking has been challenged and changed. Previous practice Under […]

In their latest article, the Mortality Working Group shares excess mortality analysis for the first four months of 2024. In summary Total mortality was in line with the new baseline for the first four months of 2024. The early mortality experience of 2024 includes higher COVID-19 mortality than predicted, particularly for March and April. Pneumonia […]

The new Research Paper from the Mortality Working Group explores how COVID-19 affected mortality in Australia from 2020 to 2023 and how Australia’s experience compares with the rest of the world.

In their latest article, the Mortality Working Group shares excess mortality analysis for the first quarter of 2024. In summary Total excess mortality relative to the new baseline for the first three months of 2024 is 1%. The early mortality experience of 2024 includes higher COVID-19 mortality than predicted, particularly for March. All other causes […]

The Actuaries Institute is delighted to announce the launch of the Long COVID Knowledge Hub. This initiative, spearheaded by the Long COVID Working Group, addresses the significant uncertainties surrounding the long-term impacts of Long COVID by providing a centralised resource for research findings and information. The development of the hub was a collaborative effort from […]

“Being an actuary gives you instant credibility.”Brendan has 25 years of experience across actuarial roles in health and life insurance. His most recent role was Senior Consultant at Finity Consulting, fulfilling Appointed Actuary and actuarial advisory roles with private health insurers. Prior to this, he spent 15 years in Medibank’s actuarial team working on […]

Understandably, actuaries are obsessed with risk. Three plenary sessions at the All Actuaries Summit reminded us that there are different ways to look at risk – and that sometimes the widest possible view is the best. Opening Keynote with Ann Sherry AO In a wide-ranging interview with Win-Li Toh, Ann Sherry called out the range […]

Actuaries Institute President David Whittle leads a discussion on the consumer promise of General Insurance. Is the process, payout and the ‘human experience’ of making a claim lining up with the promise made to consumers? Joined by Shez Ford, EGM Consumer at Allianz Australia, and Helen Rowell, David will ask – is it time to rewrite the promise? And what should the new promise look like?

Hear from leading Australian author of thrillers and Non-Executive Director John M Green on the questions you should ask and how you can craft your scenario narratives to better engage management and boards in the risk discussions every organisation needs to have. Joining him in this session is Actuary/Director, Finity Estelle Pearson.

Digitisation can be more than enhancing processes and cutting costs. It’s about creating new way to understand and reach your customer, reshaping business models and upending traditional views of the customers experience. In this session actuary Iwan Juwono, Head of Insurances at Grab Insure Business and Frankie Chan, Head of Programme Value Optimisation, Air & Insurance, Cathay Pacific Airways explore how data science and AI is transforming their businesses.