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. View the transcript ..read more

TRANSCRIPT: https://actuaries.logicaldoc.cloud/download-ticket?ticketId=39e01436-093e-46fc-9228-ad3059b8c329 The Actuaries Institute has launched its latest Public Policy Statement, titled 'Mastering Mathematics for Australia’s Future'. The Statement, developed by Martin Mulcare with a team of actuaries, outlines that Australian students’ aspirations and their awareness of the value of science, technology, engineering and mathematics (STEM) skills and the breadth of STEM careers is declining because they don’t understand how maths is relevant to everyday life. The Statement provides public ..read more

TRANSCRIPT: https://actuaries.logicaldoc.cloud:443/download-ticket?ticketId=ad3c66f7-fc63-4bd0-b42b-db6bc912cdea DESCRIPTION: Beneath the simple description of actuarial science – assessing, evaluating and managing financial risks – are a multiplying number of career choices available to today’s university students, as recent graduate Alyssa Dai tells Actuaries Institute student member Bob Shipway in this latest Institute podcast. ABOUT THE ACTUARIES INSTITUTE: As the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profess ..read more

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. View the transcript ..read more

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 ..read more

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 ..read more

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 ..read more

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 o ..read more

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 ..read more

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 and legislative matters relating to risk management. In this episode, members of RMPC share: An introduc ..read more