In our latest episode of ConverseAI, host Aidan Sussman chats with actuaries Ean Chan and Minh Phan, and data scientist William Zheng on the large language model (LLM) applications they use to assist, from text summarisation to assisting classification for pricing and cost models.   They also discuss the recent developments within the LLM industry and the benefits of using retrieval augmented generation (RAGs) versus fine-tuning to guarantee your output aligns with your intentions. 🎧 Listen...

In our latest episode of ConverseAI, host Meg Yang chats with industry experts Jacky Poon, Jon Shen, and Andres Villegas Ramirez on the integration of generative AI within the actuarial profession. Listen now. View the transcript.

Actuaries Institute Fellow Meg Yang brings together Victor Bajanov, Jacky Poon and Sam Zheng to discuss the potent capabilities of AI in driving businesses' efficiency and growth. In this podcast, they discuss: the efficiency and growth ChatGPT and LLMs can offer;how industry leaders can leverage AI for better customer service and decision support;the challenges of data security and workforce adaptation;how to balance AI tools with human expertise; andtips on implementing AI with a...

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...

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...

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...

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...

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...

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...

Today the Actuaries Institute releases 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, written by actuaries Win-Li Toh and Ross Simmonds, and technology expert Michael Neary, 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...

The Actuaries Institute recently launched its latest Green Paper, introducing the Australian Actuaries Home Insurance Affordability (AAHIA) Index. Affordable insurance is a key part of ensuring resilient communities. The paper, written by actuaries Sharanjit Paddam, Calise Liu and Saroop Philip, highlights that one million Australian homes (approximately 10%) spend more than four weeks of their gross annual income on home insurance, classified as vulnerable on the AAHIA Index. These...

Takaful insurance has witnessed a remarkable rise throughout Southeast Asia in recent times. On a global scale, the takaful insurance market is worth an estimated US$55 billion and is expected to grow by a further 14% between 2022 and 2028. But, what is takaful insurance? How is it different to traditional insurance products? Is it likely to emerge in the Australian insurance space? To discuss these questions and more, actuaries and takaful experts Peter Tan (Chief Operating Officer, RGA –...

The potential uses of artificial intelligence (AI) expand on a near-daily basis. And throughout his influential actuarial career to date, Chris Dolman has researched the vast possibilities of AI and how it can be used in an ethical manner. Chris joins Meg Yang on the Driven by Data podcast to discuss his background as an actuary, his extensive AI research, and the benefits and the pitfalls of AI. Tune in for the latest in the world of data analytics as experts from within and beyond the...

With NAIDOC Week kicking off next week, it’s a time to celebrate and recognise the history, culture, and achievements of Aboriginal and Torres Strait Islander peoples. It’s also a time to reflect on these significant cultures and how their stories can be used to empower us in our professional and personal lives. To help us improve our understanding, Clare Hughes from the Institute's Public Policy and Professionalism team sat down with two great guests to talk about the Institute's...

The superannuation industry is currently facing major legislative changes alongside other financial service industries. From ‘Your Future, Your Super’ reforms to the recent retirement income covenant, actuaries working in super are now having to manage legislative changes at the same time focus on improving customer and member outcomes. In our latest episode, we sat down with three prominent actuaries working in superannuation to get further insights and gain a better understanding of the...

Housing affordability and the growing inequality around buying a home was one of the big issues expert speakers tackled at this year’s All-Actuaries summit. Speakers dived into the nuances and specifics of some of the biggest challenges we face as an industry and as a society. In this episode of the Actuaries Institute Podcast, we gathered some of the key Summit speakers who touched on this topic. This episode covers the current housing situation, affordability among the younger generation,...

It takes bravery, poise and commitment to make the jump from the relative comforts of full-time employment to establishing a startup – especially in the rapidly evolving data analytics space. For tech entrepreneur, data scientist and actuary Sam Zheng, he has taken these challenges in his stride. Sam joins Meg Yang on the Driven by Data Podcast to delve into his experience from setting up not one, but two artificial intelligence startups, how his actuarial skillset has helped him adapt to...

There is certainly no set pathway when it comes to forging a career as an actuary, just ask Meray El-Khoury. Meray (Chief Insurance Officer, MetLife Australia) has worked across countless industries. This includes both traditional and non-traditional, but credits her time working in superannuation, notably in a five-year stint at Sunsuper, as the most influential period of her impressive career. Meray joined Christine Li (Secretary of the Actuaries Institute’s Superannuation and...

Brandon Raiter (Actuarial Consultant at Deloitte) joins the ‘Diversity and Inclusion’ Podcast to talk all things relating to dyslexia, his diagnosis, myths and resources. Hosted by Harrison Gee (Actuarial Analyst at The Heron Partnership), Brandon discusses his own diagnosis with dyslexia, how this has affected his life from schooling to career and more. Harrison and Brandon also squash some myths around the learning and reading disorder and discuss how key decision-makers in the workplace...

In this mini-podcast episode, actuaries Jeffrey Chan and Naomi Edwards discuss how you can submit and present your radical idea at the upcoming 2022 All-Actuaries Summit. Discussion includes; •What are ‘radical actuaries’ how did the plenary committee came up with the idea? •Why are young actuaries in particular interested in saving the world? •How could a member submit an entry if they're interested? •What are the logistics and requirements for the presentation? Entries close Tuesday 12...

In the second episode of the 'That’s Super' Series, Christine Li (Secretary of the Institute's Superannuation and Investments Practice Committee), interviews guest Ravi Nanayakkara, Manager of Product and Innovation at Spirit Super on all things relating to product and innovation in the superannuation sector including - Ravi's career history and journey - Overview of Ravi's current role in Superannuation - Main challenges and problems that Ravi is looking to target in the Superannuation...