Read this book, and if you have any influence over data; its collection or its use; think honestly about whether you are considering women as much as men in the way you collect your data. And remember that the more often decision makers reflect the general population (whether by gender or other measures of diversity) the more likely it is that decisions will be good for that diverse population.Continue Reading
Depending on how you measure it, Australia is generally in the top 5 countries in the world for life expectancy. And we continue to improve. But Australia shamefully has an enormous gap in life outcomes between indigenous and non indigenous people. And over the period that of these statistics, while both indigenous and non indigenous mortality has improved, the gap has widened, with standardised indigenous death rates going from 164% of non indigenous rates to 172% of non indigenous rates between 2003 and 2017. So we may be the lucky country, but we certainly aren’t lucky for everyone.Continue Reading
As Sydney continues to be ringed by fire, it seems a good time to repost something I wrote about extreme weather events after the Black Saturday bushfires. I’m with Adam Bandt, now is the time to be talking about climate change, and its impact on the extremes of weather.Continue Reading
I’m in New Zealand right now, in the middle of pouring rain. But I’m enough of an Australian, and an insurance professional, that I can’t help reading everything my very slow internet connection will let me read about the bushfires. I’m so relieved that despite needing that “Catastrophic” rating forContinue Reading
Most financial services companies these days have a risk management framework with three lines of defence. The diagram below shows the three lines of defence, as illustrated by a bank. So where does the Appointed Actuary fit into this picture? The original Appointed Actuary in the UK was effectively solelyContinue Reading
A few weeks ago, the Penguin family had a very enjoyable time at Rocket Car Day, in inner-city Sydney. Our car, the Silver Surfer, won its heat, and was a respectable third place in its repechage final (also in the SMH here). The day was very enjoyable. It was entirelyContinue Reading
This is the paper which provides the background behind a presentation on economic capital which I made to the Institute of Actuaries of Australia’s Biennial Convention. How and why should we measure it? Economic capital means different things to different people. But for this presentation, the purpose of economic capitalContinue Reading