Program Snapshot, Papers and Presentations

Sunday 21 May 2017

6.00pm Registration Open and Cocktail Party                                                                   

Monday 22 May 2017

7.00am Registration Opens
8.30am
Welcome

Jenny Lyon
President, Actuaries Institute

Facilitator Comments

Emma Alberici

 8.40am Plenary 1 - Keynote address

Audette Exel

Set against a background of polarization and global division, Audette Exel AO will share her journey of bridging worlds through her work as Founder of the Adara Group. As a social entrepreneur in the financial services sector, Audette’s out of the box thinking and creative approach has not only empowered people working in financial services to use their mastery for purpose, but has also had a significant impact on the lives of hundreds of thousands of people living in poverty across the globe.
9.00am
Morning Tea
 10.10am

Plenary 2 -  Think Differently about Society

Introductions: Emma Alberici, Facilitator

Julia Lessing
Juliet Bourke
Richard Enthoven
Adam Mooney 

It is said that “the only constant is change”. 
This is certainly true for our society and also for society’s expectations of individuals, industries and professions.
So, how do we need to “think differently” in a world that is very different to that of not so long ago?
This session is led by industry leaders and will generate discussion in areas where financial services has potentially lagged behind society.  The panel’s participants are particular experts in the areas of socioeconomic and gender diversity and inclusion, although the discussion is expected to range across the full gamut of societal change and the “new normal” for expectations of companies and professions.
 
Q&A 

11.45am
Concurrent 1

Trauma product developments  *            
Robert Kerr
Product Development, Management and Pricing

Building Analytical Strength in an Actuarial Team  *
Genevieve Hayes
Contribution to Business Strategy   Leadership   Actuarial Approach to Problem Solving

Insuring Cyber Risk – A collaborative approach  **
Susie Amos, Peter Yeates, Dean Marcus
Actuarial Approach to Problem Solving   Product Development, Management and Pricing

Does e-innovation Influence Performance Differently? The Case of Varying Levels of Small and Medium Enterprises in Regional Australia  *
Adewuyi Ayodele Adeyinka
Contribution to Business Strategy Leadership

Coherent Longevity Capital Framework  ***
Kerwin Gu, Anthony Asher

Contribution to Business Strategy Actuarial Approach to Problem Solving Valuing Uncertain Future Cashflow Risk Management

Stay or Go? The Science of Departures from Superannuation Funds  *     
Nathan Bonarius, Richard Dunn
Contribution to Business Strategy   Actuarial Approach to Problem Solving

New Solutions for New Problems – Ageing, Health and Retirement Like We’ve Never Seen Before 
Stuart Rodger
Contribution to Business Strategy Actuarial Approach to Problem Solving Valuing Uncertain Future Cashflow  Product Development, Management and Pricing

12.35pm
Lunch
1.30pm Concurrent 2 

Life Insurance Underwriting in the New World  **
Elizabeth Baker, Meera Sardana, Nia Reen
Actuarial Approach to Problem Solving   Product Development, Management and Pricing

Developments in ICAAP and ORSA with a Focus on Stress and Scenario Testing** 
Briallen Cummings, Gerard Callaghan
Valuing Uncertain Future Cashflow

Further Adventures in Health Risk: an updated history of Australian Health Insurance ** Andrew Gale
Contribution to Business Strategy   Product Development, Management and Pricing

Preparing for Climate Change Impacts: Funding Mechanisms  **
Alison Drill, TBC Climate Change Working Group
Valuing Uncertain Future Cashflow Investment Advice and Governance

Risk Culture – Board and Trustee Perspectives  *
Sean McGing
Leadership Risk Management

Retirement Planning and Social Security  *            
Garry Khemka, Adam Butt
Valuing Uncertain Future Cashflow   Actuarial Approach to Problem Solving

Group Insurance – Structures of the Future  **   
Jeff Humphreys 
Contribution to Business Strategy   Leadership   Actuarial Approach to Problem Solving  Risk Management   Product Development, Management and Pricing


2.25pm

Concurrent 3

Disability Income Experience and Economic Indicators  **            
Hoa Bui, Briallen Cummings
Product Development, Management and Pricing

Future of Life insurance  **        
Angat Sandhu, Justin Ward
Contribution to Business Strategy   Leadership   Product Development, Management and Pricing

Mental Health and its impact on the insurance industry  *            
Joshua Martin, Jane Dorter, Michael Dermody
Leadership   Actuarial Approach to Problem Solving   Risk Management   Product Development, Management and Pricing

Fair’s Fair? – An Update on Intergenerational Equity  *   
Richard Lyon
Leadership    Actuarial Approach to Problem Solving   Valuing Uncertain Future Cashflow

How “Scrums” and “Sprints” Can Support the Strategically Focused Actuarial Function  *
Trang Duncanson, Maria Muir, Darren Robinson
Leadership

Designing successful and resilient lifetime retirement income products  **           
Cary Helenius, Jules Gribble
Contribution to Business Strategy   Actuarial Approach to Problem Solving   Product Development, Management and Pricing

Attracting the best and brightest to the actuarial profession through Massive Open Online Courses  *       
Adam Butt
Leadership 

 3.20pm Concurrent 4

Thinking about life insurance through a genetic lens  ** 
Jessica Chen, Damjan Vukcevic
Contribution to Business Strategy   Product Development, Management and Pricing

IFRS 17 Implications for life and general insurers  **
Brendan Counsell, Shweta Krishna
Contribution to Business Strategy   Leadership   Valuing Uncertain Future Cashflow

Man versus Machine - the rise of the robo actuary  *
Marc Mer, Gloria Yu, Adam Karasiewicz
Contribution to Business Strategy Risk Management Professional Governance 

Living Through Change – LIWMPC’s Update on the Life  Insurance & Wealth Management Industry
Life Practice Committee

Contribution to Business Strategy   Actuarial Approach to Problem Solving   Valuing Uncertain Future Cashflow   Risk Management Product Development, Management and Pricing

How the Life Insurance Industry Adapts and Survives in the Face of a Doomsday Scenario  **       
Nicole Marshall, Dion Russell
Contribution to Business Strategy   Leadership

Embedding Behavioural Finance in an Investment Management Process  **         
Douglas Isles
Contribution to Business Strategy   Valuing Uncertain Future Cashflow   Risk Management   Investment Advice and Governance

How To Grow Your Professional Relevance – and the Relevance of the Profession *
Martin Mulcare, Rick Gilmore

Contribution to Business Strategy   Leadership  Risk Management

4.10pm
Afternoon Tea
4.30pm

Plenary 3 - Think Differently about Customers

Introductions: Emma Alberici, Facilitator

Geoff Summerhayes
Helen Troup
Martin Fahy
Jenny Wilson

Fair treatment of customers is something any reasonable Chief Executive would expect their organisation to live by. No organisation wants to incur the wrath of its customers and lose potential repeat business, damage its reputation, or attract negative attention of the media or regulators.

Yet the balancing of different stakeholders’ needs is a tricky business, whether they are customers, shareholders, employees, claimants, continuing policyholders, distribution channel or regulators. Social media enables our customers to reach a wide audience quickly, especially if their story is told in a compelling way, or appeals to our sense of outrage.

In this session you will be challenged to “think differently” about how we

  • Design our products to minimise the risk of misalignment among stakeholders
  • Promote ethical behaviour in our organisations
  • Respond to customers who challenge our business via media, old and new.

 

Q&A

5.45pm
End of Conference Sessions Day 1
7.00pm Gala Dinner


Tuesday 23 may 2017

7.30am Registration Opens
8.30am
Plenary 4 – Think Differently about Mental health

Introductions: Emma Alberici, Facilitator

Dr Bill Monday
Niki Ellis
Dr Derek Lovell
Michael Stephenson

Society is starting to think quite differently about mental health than in the past.  There is a much greater awareness of the disabling impact of mental illness and much greater levels of recognition and diagnosis.  Each year one in five Australians will experience a mental illness and mental illnesses are the third leading cause of disability burden in Australia.  Insurance products that protect against illness and disability have struggled to keep pace with these changes and now is the time to think differently about how insurance can best intersect with mental health issues.  The panel’s participants are experts in insurance, mental health, disability and compensation and will explore the challenges of mental health issues for insurers and those people with a mental illness.

Q&A

9.50am
Morning Tea
10.20am
Concurrent 5

Building consumer trust in the life industry – alternative approaches to recent issues  *
Kim Cohen
Product Development, Management and Pricing

Reading between the Numbers  ***       
Adrian Fortescue,  Matthew Noyce
Product Development, Management and Pricing   Actuarial Approach to Problem Solving  

Insuring a better disability system part 2: transition to full scheme  *       
Sarah Johnson
Contribution to Business Strategy   Actuarial Approach to Problem Solving Valuing Uncertain Future Cashflow

Stress Testing – Confluence of the Actuaries and Economists Viewpoints in the New Economic Environment  **  
Sen Nagarajan, Don Johnstone, Martin Lam
Valuing Uncertain Future Cashflow   Risk Management

Member’s Default Utility Function for Default Fund Design  *        
Changyu Estelle Liu, Adam Wenqiang Shao, David Bell
Contribution to Business Strategy   Leadership   Actuarial Approach to Problem Solving  Risk Management   Investment Advice and Governance

They Need to Smile a Bit More: Perceptions of Actuaries from other Professionals in Non-Traditional Areas *          
Julia Lessing and Alice Truong
 Leadership   Actuarial Approach to Problem Solving  

Strategic Decision Making in a Rapidly Evolving Cyber Risk Environment *
Robert Menzies, David Millar

Contribution to Business Strategy   Product Development, Management and Pricing   Valuing Uncertain Future Cashflow
11.15pm Concurrent 6

How Can Life Insurers Optimise Customer Outcomes in a Low Yield World?  **   
Mark Griffiths, Nick Symons


Contribution to Business Strategy  Investment Advice and Governance 

Experience investigations: more than a regulatory box-ticker  *  

Emily Galer, Jason Sun


Contribution to Business Strategy   Leadership   Actuarial Approach to Problem Solving  Product Development, Management and Pricing

Financial Services, Risk Culture and the Effective Professional **

Tim Gorst

  Risk Management

Is private health insurance affordable in Australia?  **   

Barry Leung


Contribution to Business Strategy  Actuarial Approach to Problem Solving 

The Actuarial Phoenix?  **          

Lesley Traverso, Jules Gribble


Leadership   Actuarial Approach to Problem Solving  

Liquid Biopsies and cancer detection – hype or a milestone in cancer detection and management?  *       

Ruk Surendra


Product Development, Management and Pricing

Better Health Outcomes  *          

Caroline Stevenson , Anthony Maher
Contribution to Business Strategy  Actuarial Approach to Problem Solving  Product Development, Management and Pricing  Risk Management

12.05pm
Lunch
1.05pm Concurrent 7

Liquid Biopsies and cancer detection – hype or a milestone in cancer detection and management?  *    
Bill Monday


Product Development, Management and Pricing

Globalisation of the Insurance Capital Standard: Should we be concerned?  ***

Kenneth McIvor,  Paul Caputo


Contribution to Business Strategy  Actuarial Approach to Problem Solving   Valuing Uncertain Future Cashflow
GI & Life Actuarial streamlining – Different sides of the same coin  **   

Gloria Yu, Marc Mer, Ruth Lisha


Contribution to Business Strategy   Leadership   Actuarial Approach to Problem Solving  Valuing Uncertain Future Cashflow  Product Development, Management and Pricing  Professional Governance  

Risk Equalisation – Time to Think Differently?  *              

Jamie Reid, Ellen Bruce, Matthew Crane , Kris McCullough


Contribution to Business Strategy  Actuarial Approach to Problem Solving  Valuing Uncertain Future Cashflow

Why “Human Centered Design” Should Matter for Actuaries  *      

Rowan Ming,  Louise Bayne, Monika Weenink

 and Tom Bui Minh

 Leadership   Actuarial Approach to Problem Solving   Product Development, Management and Pricing

Housing and Retirement Financing: Optimal Time to Buy a Residential Home  ***          
Mengyi Xu, Michael Sherris, Adam W. Shao


Actuarial Approach to Problem Solving

Data Driven Public Policy: An Actuarial Journey in Maternal Health *      

Jananie William


Actuarial Approach to Problem Solving
2.00pm

Concurrent 8

Sharing economy: Learning from the giants  **
Quanyie Tan, Weihao Choo
Contribution to Business Strategy  Product Development, Management and Pricing  

Practical Application of the New International Financial Reporting Standard for Insurance Contracts  ***            
John Nicholls
Contribution to Business Strategy  Actuarial Approach to Problem Solving  Valuing Uncertain Future Cashflow  

Death by Data…or quite the opposite  **            
Marc Mer, Basem Morris, Paul Bigg-Wither
Contribution to Business Strategy  Actuarial Approach to Problem Solving  Valuing Uncertain Future Cashflow  Product Development, Management and Pricing Risk Management

Actuaries working to support public policy –developments in social welfare and beyond*         
Rosi Winn, Anjali Napoli, Mike Clough
Contribution to Business Strategy  Actuarial Approach to Problem Solving  Valuing Uncertain Future Cashflow

Actuaries: Who do we think we are?  *
Avanti Patki, Tom Bui Minh, Nathan Colbert
 Leadership   Actuarial Approach to Problem Solving    Risk Management

Simple  Products *        
Robert Kerr
Product Development, Management and Pricing

Body Hacking and the Quest to Cure Death  *   
Greg Solomon
Contribution to Business Strategy Product Development, Management and Pricing  

2.50pm
Afternoon Tea
3.20pm

Plenary 5 - Think Differently about Change

Introductions: Emma Alberici, Facilitator

Henk Kleynhans
Amy Gibbs
Jason Wilby

Big Data”, “Data Scientist”, “robo-advice algorithms”, “analytics”, “machine learning”, “clustering”, “data aggregation”, “predictive modeling”, “data mining” – just some of the terms becoming part of the popular business lexicon.  Most actuaries would say that the rest of the world is just catching up with us but using more interesting labels to describe things we have always used and done.  As the quantity, quality and accessibility of data increase, so does the pace of change.  We need to do more than just keep up; we need to be seen as essential to leading and/or dealing with this change.  The panellists will bring a perception from outside our profession of some of the drivers of change and potential implications.  This will allow us to consider what roles we can play in ensuring consumers have sustainable, effective and efficient access to solutions to their financial needs.”


Q&A

4.55pm
Summit Close
5.15pm Bus to leave for Melbourne Airport




Capability Framework Functions

Contribution to Business Strategy Contribution to Business Strategy
Leadership Leadership
Actuarial Approach to Problem Solving Actuarial Approach to Problem Solving
Valuing Uncertain Future Cashflow Valuing Uncertain Future Cash Flow
Risk Management Risk Management
Professional Governance Professional Governance
Product Development, Management and Pricing Product Development, Management and Pricing
Investment Advice and Governance Investment Advice and Governance

Keynote and Plenary Speakers