Actuaries Institute Podcast

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=fef8187c-67cb-4db7-bf27-93c7e8967964DESCRIPTION: The Actuaries Institute has published its Public Policy Statement, 'Securing Adequate Retirement Incomes for an Ageing Australia'.This landmark statement sets out 13 policy positions on key reforms that aim to improve the Australian retirement system. The intent is to create a system that is clear in its objective, simpler, more efficient, delivers adequacy and improves equity across and within generations.In this podcast, Andrew Boal, Convenor of the Institute's Retirement Strategy Group, Tim Jenkins, Convenor of the Superannuation and Investments Practice Committee, and Shang Wu, a member of the Retirement Incomes Working Group, joined Vanessa Beenders on the Actuaries Institute Podcast to discuss the key points of the Statement.The time has come to be ambitious… to think ‘big’ and make a lasting difference. And it’s time for all Australians to live with dignity in retirement. Policy Document: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=5a376f76-a94a-4581-8362-d058d85d2bb7Supporting Document: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=d01552d0-adad-4eee-8fc5-6f404c5df67dMedia Release: https://actuaries.asn.au/Library/MediaRelease/2021/MediaReleaseRetirementIncomeOverhaul21Aug21Final.pdfABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

What is machine learning? Which industries are likely to benefit from it in the future? How can actuaries influence the way machine learning is applied?Equipped with a combined 28+ years’ experience working closely with machine learning models, influential data analytics actuaries Jacky Poon (Head of Finance at nib Travel) and Michael Storozhev (Head of Underwriting, Asia and Startup Ventures at Cover-More) join the Driven by Data Podcast to predict where and how machine learning will be applied in the future. Here’s a hint… it could end up operating your fridge!Jacky and Michael chat about their first taste of machine learning, how they apply it in their current roles, the four machine learning techniques actuaries must have in their toolkit, and the one machine learning technique Jacky and Michael swear by.PLUS, Jacky and Michael offer advice for how those new to machine learning can get up to speed.0:31 – How Jacky and Michael define and apply machine learning in their current roles4:40 – The four machine learning techniques actuaries must have in their toolkit7:04 – Recommended machine learning techniques, and why11:33 – The challenges with applying machine learning in their direct fields of health and travel insurance…12:53 – …And how do Jacky and Michael tackle those challenges14:23 – Tips for which industry will benefit from machine learning in the future17:33 – Advice for those new to machine learning techniquesTRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=d3833ee4-d379-4ad2-860e-c34a9bf925b6ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=86ffea51-74ed-4e54-b3b2-e90f60e5cd60DESCRIPTION:Join Amanda Aitken and Meg Yang as they provide advice on starting out in data analytics.Amanda is a qualified Fellow with a wealth of actuarial experience, who joined the Institute’s staff to establish the data analytics education program. Amanda is also a member of our Data Analytics Practice Committee (DAPC). Meg is a Fellow of the Institute and part of our Young Data Analytics Working Group (YDAWG).Key takeaways from the podcast are:2:00 – How Amanda’s actuarial consultancy background and love of teaching inspired her to join the Actuaries Institute’s Education Team3:15 – The initiatives the Education Team are implementing to enhance its curriculum4:24 – The subjects available to Actuaries Institute Members to grow their data analytics capability10:42 – The ‘unstructured’ learning paths available within the Institute and Actuaries Digital15:22 – How those with a background in data analytics can contribute to the Institute’s initiatives17:02 – Amanda’s advice to beginners starting out on their data analytics journeyABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=e6fc8695-3f35-41c2-8de3-d67367cccf82DESCRIPTION:Ian Laughlin joins Barry Rafe to discuss their paper that will be presented at the upcoming 2021 All-Actuaries Virtual Summit in the Leadership and Professionalism Plenary titled “Was the misconduct identified in the Banking Royal Commission enabled by directors who didn't understand the complexity of the businesses they directed?On 8 May 2018 the Financial Review reported that a number of directors of AMP were stepping down because they no longer had the support of the institutional shareholders. The resignations were directly attributable to the fallout from the banking Royal Commission which revealed that the behaviour of financial services organisation often did not meet community standards and expectations. In some cases, such as the AMP there appeared to be conduct that broke the law.The board is responsible for the actions and success of the corporation and hence the composition of the board would appear to be relevant to the corporation’s success. Ideally, directors are selected for board positions based on their technical and behavioural competencies. Boards often develop a skills matrix that sets out the broad set of competencies needed for the corporation to meet its aims. The expectation is that directors are appointed to fill or bolster various competencies required. In addition, the Corporations Act requires that all directors be financial literate i.e. they need to understand the financial drivers of the organisations they direct.The questions to be asked in this plenary session are:•Was the misconduct revealed by the banking Royal Commission caused by directors who did not understand the businesses they directed?•Who should be on the boards of complex financial services businesses•How do complex financial services businesses manage the need for diversity of skills on the board with the need for directors to understand the complexity of the businesses they direct.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=a652ef62-79f6-4085-ad5a-2caa98327bf2DESCRIPTION:A conversation on ‘how to volunteer’ amongst the Actuaries Institute’s Asia Subcommittee led to the creation of an inaugural University Student Survey (Survey). Jasmine Wang and Rose Lin join Andy Yang on the Institute’s Podcast to discuss what inspired them, and the key growth opportunities attained from delivering the Survey. ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=e3add7f9-ab1d-47b4-a54a-65be6283840bDESCRIPTION:Tatiana Potemina (Natural Perils Senior Pricing Advisor at @Suncorp Group) joins Tim Andrews (Chief Operating Officer of Analytics at Chubb) and Simone Collins (Senior Actuary at Picnic Labs + Picnic Syndicate, and Curator of the General Insurance practice area for the 2021 All-Actuaries Virtual Summit) to discuss the plenary topic ‘Recent Developments in Understanding Natural Climate Variability’.Simone, Tatiana and Tim also discuss which General Insurance and broader fields concurrent sessions they are looking forward to attending.Register for the 2021 All-Actuaries Virtual Summit - https://www.actuaries.asn.au/microsites/all-actuaries-virtual-summit-2021/registrationABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=70669c54-c171-45ed-af6f-a0bed76ce55aDESCRIPTION:In this episode of the Actuaries Institute Podcast, Superannuation Practice Committee (SPC) Convenor, Tim Jenkins, is joined by committee member Louise Campbell to discuss the latest news and developments from the SPC.The SPC comprises 12 members across a variety of consulting firms, investment managers, and superannuation funds. The Committee is supported by many Sub-committees, Working Groups and Taskforces to assist in in the delivery of their five strategic goals, which are:1. Enhance the role and reputation of superannuation actuaries.2. Engage and set public policy regarding superannuation, working with the broader Institute to liaise appropriately with regulators.3. Maintain and develop the professional documents for superannuation actuaries.4. Support the CPD needs of Institute Members.5. Ensure the superannuation and retirement income education is up to date and is relevant.ABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=0b75ef18-5161-4f31-bce4-d2b6eb269a05DESCRIPTION:David Knox (Global Pension Expert), Tim Jenkins (Partner at Mercer) and Richard Dunn (Consultant at Rice Warner) discuss the Gender Inequality Gap in Retirement Savings Gap and what you can expect to see at the upcoming 2021 All-Actuaries Virtual Summit in the latest Actuaries Institute Podcast.David and Richard share their ideation and research behind their Superannuation plenary session and why it's important not only for themselves but for all actuaries to be invested in closing the gender gap.Tim, David and Richard also discuss what Superannuation concurrent sessions they are looking forward to attending.Register for the 2021 All-Actuaries Virtual Summit - https://www.actuaries.asn.au/microsites/all-actuaries-virtual-summit-2021/registrationABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=3a2a28c3-f71b-41c2-9ac1-865853e35b47DESCRIPTION:Dee Madigan (Creative Director at Campaign Edge), Queenie Chow (Microinsurance Specialist at Milliman) and Vice President Naomi Edwards discuss the 2021 All-Actuaries Virtual Summit in the latest Actuaries Institute Podcast.Dee discusses her background as a creative director and panellist for consumer affairs talk shows having appeared regularly on Gruen, Sunrise and The Latest.Naomi and Queenie bring their unique perspective on what it means to be an actuary and the perception of the brand and profession.Register for the 2021 All-Actuaries Virtual Summit - https://www.actuaries.asn.au/microsites/all-actuaries-virtual-summit-2021/registrationABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auhttps://linktr.ee/ActuariesInstituteFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=4934ef3a-79e5-4532-a09b-ea87ab7f9761DESCRIPTION:Following on from the record-breaking 2020 All-Actuaries Virtual Summit, Jennifer Lang (2021 Virtual Summit Organising Committee Convenor) and Naomi Edwards (Actuaries Institute Vice President) discuss the ins and outs of the 2021 Summit in the latest Actuaries Institute Podcast.Joining each other virtually to record this podcast, Jennifer and Naomi dissect the exciting plenary and concurrent program on offer, the high-profile guest speakers locked in to present, and the bargain registrations options which are simply too good to pass up. Register for the 2021 All-Actuaries Virtual Summit - https://www.actuaries.asn.au/microsites/all-actuaries-virtual-summit-2021/registrationABOUT THE ACTUARIES INSTITUTE:As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems.This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels;LinkedIn: https://www.linkedin.com/company/792645/Facebook: https://www.facebook.com/pages/Actuaries-Institute/183337668450632Instagram: https://www.instagram.com/ActuariesInstTwitter: https://www.twitter.com/ActuariesInst