In the latest episode of ConverseAI, host Tong Zhang speaks with Estelle Liu about how data science can help address key challenges in superannuation, including large-scale projections, understanding customer lifetime value and predicting member behaviour.

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 now.

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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.

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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; and
• tips on implementing AI with a forward-thinking mindset

Tune in now.

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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.

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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.

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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.

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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 risk, which plays a significant role in the current pressure on home insurance affordability. The report outlines a package of short, medium, and long-term policy measures that should be considered by governments, insurers, and other stakeholders to reduce affordability stress for households who are also facing the highest risk.

In this episode, lead author Evelyn Chow speaks to Actuaries Institute Executive General Manager of Public Policy and Professionalism Vanessa Beenders about:

• Why solutions for flood risks are so crucial
• The suite of potential solutions, including:
  • risk reduction;
  • cost sharing; and
  • government direct cost reduction.

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 that the proportion of “affordability stressed” households – those that spend more than one month’s worth of their gross annual income on home insurance – rose from 10 to 12% in the year to 31 March 2023. These households spend on average 8.8 weeks of their income on home insurance, which is more than seven times what the average household spends.

In this episode, lead author Sharanjit Paddam and Actuaries Institute Executive General Manager of Public Policy and Professionalism explore:

• The meaning of extreme affordability pressure and its drivers.
• Affordability by local government area (LGA).
• How the different types of natural perils impact insurance affordability.
• The expected impact of the Cyclone Reinsurance Pool on insurance affordability.

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 outcomes;
• policy recommendations to address this issue.