Actuaries Institute Podcast

Rick shaw questions Ian Laughlin, Chairman at OnePath Life and ANZ Lenders Mortgage Insurance, on his Dialogue thought leadership paper 'Social Risks for a financial services business'.Financial Institutions have been regularly subjected to public opprobrium - in the press, in politics and on social media - for attitudes and behaviour which the community finds unacceptable. This may be partly because institutions have not managed risks that come from changing social attitudes and norms, and the power of new social capabilities. Such risks need a fresh approach “we have a different risk profile, now I'm wondering about our management of risk, whether we need to refine or do something more drastic to manage the changing risk profile. Do we have the existing frameworks and the existing institutional culture to allow us to respond to generational changing and attitudes towards government and large institutions or is something more radical needed?” Ian says in the podcast.How can it be that institutions spend huge

Andrew Doughman (Reinsurance Underwriter and Client Manager at Hannover Re) questions Sharanjit Paddam (Principal of Actuaries and Consultants at Deloitte) on his thought leadership paper “Climate Risk Disclosure, Financial Institutions Feel the Heat” (co-authored by Stephanie Wong)Climate change raises real risks and opportunities for financial institutions which need to be identified, managed and disclosed. Sharanjit states “I think there's an opportunity to renew your business in a really good way. And to build a capability that talks about, how do we manage risks across the organizations, and how do we think about opportunities?” Australian Institutions are ill-prepared for the impact of rising temperatures and extreme weather events and the effects these will have on their balance sheets. Sharanjit talks about “the East coast low we had in Sydney back in May 2016. And where we saw a number of backyards of properties at the, at Collaroy disappear into the sea”. First home buyers and those who have investm

Jenny Lyon discusses common questions around moving roles, the danger of ‘confidential’ or informal conversations; when and what to tell your manager and colleagues about your plans to move roles.Often the nuances with starting a new role can be addressed through communication and positive Relationships with pending or potential new employers. This can allow you to around existing projects, negotiate notice period needs, and timing of reference checks.This can ensure you are more effectively Weighing up your options and not missing out on rare opportunities (eg. offer for ‘Appointed actuary’ role) out of respect for your current employer, in other words putting yourself first and your career first.Typical career progression of an actuary often involves a role change once you’ve finished studying and qualify, as jenny explains, “it can hard to change people’s perception of you" (eg. because you’re not a fellow for example.)The pair allow discuss learning opportunities within different roles within your current

CEO of Actuaries Institute Elayne Grace is joined by guest Lesley Traverso.Together they discuss the importance of clarifying your career and job aspirations in your own mind before making a career move.Lesley has over 25 years of experience as a Recruitment Consultant, and provides valuable advice on how to refine your job search including:• clarify your transferable skills;• identify what interests and motivates you;• acknowledge your strengths and weaknesses; and• quantify your skills in your resume.As the recruitment realm continues to change, it's so important to keep up with what employers are looking for and how you can stand out from the crowd.CPD members can earn 2 points for each Podcast listened too.

Elayne Grace speaks to actuary Geoff Atkins, co-author of the Green Paper 'Mental Health and Insurance', about product definitions in insurance contracts covering mental health. There are vast improvements to be made in underwriting and legislating products to respond to consumer needs in this complex area. It's a fine balance between offering good protection at an affordable price in a sustainable system. Issues discussed in this episode include:- underwriting mental health- travel insurance and mental health- community expectations and anti-discrimination cases- physical illness vs mental illness and the claims process- alternative dispute resolution systems- expert neutral evaluation- access to reliable data analyticsYou can earn two CPD points for each podcast you listen to.

Did you know TAL paid out more than $210 million dollars for mental health claims this year? That's second only to the number of claims it paid out for cancer. Here, Brett Clark, CEO of TAL and Elayne Grace discuss challenges on the claims side of insuring mental illness, and how the industry is making practical improvements, especially in training claims managers to the specific sensitivities around mental health conditions.CPD members can earn 2 points for each Podcast listened too.

Co-chair of the National Mental Health Commission (NMHC), Lucy Brogden, joins Elayne Grace to discuss the state and spread of mental health conditions in Australia; the importance of insurance in the treatment response; and how the Government’s Fifth National Mental Health and Suicide Prevention Plan will impact the lives of people living with mental health issues.CPD members can earn 2 points for each Podcast listened too.

In this first episode, Elayne Grace introduces the Actuaries Institute's new Green Paper: Mental Health and Insurance. It’s a burning issue, and as guest (and co-author of the Paper) Geoff Atkins calls it, a ‘mega trend’ in society right now.CPD members can earn 2 points for each Podcast listened too.