Actuaries Institute gears up for 2024 summit

Actuaries Institute gears up for 2024 summit | Insurance Business Australia

Insurance News

Actuaries Institute gears up for 2024 summit

Event to tackle insurance challenges and emerging risks

Insurance News

By
Roxanne Libatique

The Actuaries Institute is gearing up to host its prestigious All Actuaries Summit, scheduled for May 1 to 3 at the Gold Coast Convention and Exhibition Centre.

The institute said the conference will cover a wide array of topics crucial to the insurance industry, including the rising costs of home, life, and income insurance and the effect of genetic health risks on insurance policies and superannuation funds.

The summit is also set to shed light on emerging risks, with a special focus on threats from outer space that could impact global security and business operations.

Suzanne Smith, executive board member at the Australian Prudential Regulation Authority (APRA)
Brett Clark, CEO of TAL
Andrew Hall, CEO of the Insurance Council of Australia (ICA)
experts from the fields of cybersecurity, space technology, and genetic research

The event kicks off with a keynote from Anne Sherry AO, a prominent figure holding chair positions at several high-profile organisations including UNICEF Australia.

Activities at All Actuaries Summit 2024

Subsequent sessions will address the increasing inaccessibility of essential insurance products, the influence of genetics on health insurance, and how technological advancements like AI are reshaping business models.

Highlights include a panel on investment perspectives, featuring Douglas Isles from Platinum, and a discussion led by broadcaster and academic Sophie Scott OAM on leveraging neuroscience for peak mental performance.

Another key session will explore the transformative impact of digital technologies across different sectors with insights from leaders at Telstra, Cathay Pacific Airways, and Grab Financial Group.

As the summit wraps up, attention will turn to the critical need for more robust housing solutions and the availability of affordable insurance options to mitigate risks from natural disasters. The discussions will explore potential incentives for using durable building materials and strategies for dealing with properties in flood-prone zones.

The final discussions will reevaluate the commitments of general insurance to consumers, led by David Whittle, recently appointed president of the Actuaries Institute. The panel will contemplate whether the industry’s promises are in line with customer expectations and discuss the possible redefinition of these commitments.