Guests discuss the efficiency and growth potential of AI capabilities like ChatGPT and LLMs. They explore leveraging AI for better customer service and decision support, addressing challenges of data security and workforce adaptation. They also discuss balancing AI tools with human expertise and provide tips on implementing AI with a forward-thinking mindset.

In our latest podcast, Superannuation and Investment Practices Committee (SIPC) members Christine Li and Hendrie Koster delve into the pressing issue of greenwashing within the superannuation and investment industry and what it means for superannuation and investment firms and consumers.Listen to the podcast now. View the transcript.

Explore the intersection of generative AI and education with Kriti Khullar in a new Actuaries Institute podcast. Joined by Amanda Aitken, Andres Villegas, and Jon Shen, this episode explores how AI tools like ChatGPT are impacting learning and the actuarial profession.Listen now to find out how AI is affecting the world of actuarial education now.View the transcript.

In the rapidly advancing world of artificial intelligence, the conversation around ethics has never been more critical. In this podcast, Kriti Khullar, an Associate of the Actuaries Institute and lead at IAG, discusses this digital conundrum with Victor Bajanov of Quantium and Tiberio Caetano from the Gradient Institute.Listen now.View the transcript.

One year on from our publication, Home Insurance Affordability and Socioeconomic Equity in a Changing Climate, home insurance affordability remains a significant concern. To highlight and address this issue, the Institute has published new research, Home Insurance Affordability Update and Funding for Flood Costs: Affordability, Availability and Public Policy Options. The second report, Funding for Flood Costs: Affordability, Availability and Public Policy Options, examines riverine flood risk, which plays a significant role in the current pressure on home insurance affordability. The report 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. In this episode, lead author Evelyn Chow speaks to Actuaries Institute Executive General Manager of Public Policy and Professionalism Vanessa Beenders about:Why solutions for flood risks are so crucialThe suite of potential solutions, including:risk reduction;cost sharing; andgovernment direct cost reduction.

One year on from our publication, Home Insurance Affordability and Socioeconomic Equity in a Changing Climate, home insurance affordability remains a significant concern. To highlight and address this issue, the Institute has published new research, Home Insurance Affordability Update and Funding for Flood Costs: Affordability, Availability and Public Policy Options. Home Insurance Affordability Update examines home insurance affordability in the context of all natural perils, and found 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% in the year to 31 March 2023. 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. In this episode, lead author Sharanjit Paddam and Actuaries Institute Executive General Manager of Public Policy and Professionalism explore:The meaning of extreme affordability pressure and its drivers.Affordability by local government area (LGA).How the different types of natural perils impact insurance affordability.The expected impact of the Cyclone Reinsurance Pool on insurance affordability.

The deep economic divide between Australia’s rich and poor is in danger of worsening unless wide-ranging government policy reform is undertaken, a new Green Paper released by the Actuaries Institute warns. In the latest episode of the Actuaries Institute podcast, Vanessa Beender discusses some of the Paper’s findings with one of the authors, actuary Dr Hugh Miller, including:the meaning of inequality;the relationship between inequality and health, education, housing and environmental outcomes;policy recommendations to address this issue.

In our latest podcast, Risk Management Practice Committee (RMPC) members Jason Yu and Srikar Velivela come together to review RMPC’s achievements and accomplishments during 2022.RMPC consists of experienced actuaries with expertise in various areas of risk management including insurance, banking and finance. The committee works together to develop guidance and resources that help actuaries effectively manage risks in their respective industries and provides input and advice on regulatory and legislative matters relating to risk management. In this episode, members of RMPC share:An introduction to the committee and their mission.Updates from the latest Enterprise Risk Management Fellowship course.Insights gained from recent CPD sessions.Valuable inputs on regulatory matters.How the committee adapted to the challenges of the COVID-19 pandemic.Listen to the podcast below ⬇Read the transcript.

As data science and artificial intelligence continue to break new grounds, the need for data scientists continues to grow stronger and stronger by the minute. But what does a career in data science look? And more important, how do you get there?In this episode, Tong Zhang speaks with Kelly Chu President of the UNSW Actuarial Society and Rohan Dixit, Data Science Executive, Quantium to discuss their careers in data science across the different career stages. In this episode they share:Parallels between actuarial science and data scienceWays to explore data science pathways as a studentInsights from working within the data science sectorThe conversation is followed by an exclusive interview with Jas Singh, Senior Recruiter for SKL who shares insights on the top skills and traits employers are looking for. Listen to the podcast: https://api.spreaker.com/v2/episodes/53067593/download.mp3Read the transcript.

With its roots in a ride hailing up, Grab Insure Business is not an insurance company. It’s not a bank a consultancy firm but rather something completely different.Grab Insure Business is part of a NASDAC listed, unified conglomerate multinational company based in Singapore. Being the first decacorn in Southeast Asia, it has a simple mission of providing financial empowerment and creating economic opportunities by bringing users into the digital age by expanding their business.But how exactly does Grab Insure Business work? How is it different to traditional insurance platforms? And will we see more business Grab Insure Business emerge as the digital revolution continues?To discuss these questions, actuary Iwan Juwono (Head of Insurances at Grab Insure Business) joins industry-peer Louis Lee (Fellow Actuary and Partner at Deloitte Consulting) on the Actuaries Institute Podcast.