2018 Actuary of the Year
The Actuaries Institute is delighted to announce that Ian Laughlin has been named Actuary of the Year 2018.
Ian is chairman of OnePath Life, OnePath General Insurance and ANZ Lenders Mortgage Insurance. He chairs the Advisory Board of Blackhall & Pearl and has served on the Actuaries Institute Council.
Ian has had a distinguished professional career in senior management and on boards at major financial corporations, in Australia and internationally. He also formerly served as Deputy Chairman of the financial services regulator APRA where he oversaw the implementation of new capital standards for insurance companies.
Ian has long had an interest in risk management and governance. He was convenor of the Institute’s Risk Management Practice Committee and he helped develop the syllabus for the international actuarial risk management qualification, CERA.
Over the past two years Ian has led the Institute's IFRS taskforce that has prepared guidelines for the new international financial reporting standards. The taskforce has involved representatives from industry, Big Four accounting firms, the Australian Prudential Regulation Authority, general, life, and health insurance practitioners and support from over 60 actuaries. The work of the taskforce means Australian actuaries are ahead of many of their international peers, with requests for the Australian work to be translated for use in other languages.
Ian has contributed to various papers and presentations over the years. In January this year, he produced a provocative issue of The Dialogue Social Risks - for a financial services business. Having foreshadowed some of the reforms that financial institutions need to take to avoid a recurrence of the issues that have arisen in the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, Ian highlighted the significance of social risks and the need for entities to factor them into their risk management frameworks.
Ian's contribution to the profession, both with his insight into risk management and his work helping prepare insurers for new international financial reporting standards, make him an appropriate and worthy recipient of the 2018 Actuary of the Year Award.
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