Category: Risk management

Book Review: Superforecasting

Today’s book review is Superforecasting: The art and science of Prediction, by Philip E Tetlock and Dan Gardner. When I explain my work as an actuary to people not involved in finance, I explain that I work out how much money the insurance company needs to set aside from the premiums it receives to make sure…

Is mortality improving? Who for?

Late last year, there was a flurry of mainstream interest in mortality statistics – here is the New York Times reporting on a study by two economists (Ann Case and Angus Deaton) The paper: documents a marked increase in the all-cause mortality of middle-aged white non-Hispanic men and women in the United States between 1999 and 2013. This…

A cycling update

Last year, after a spate of cycling deaths, I posted about the riskiness of cycling in Sydney. I concluded that cycling Sydney’s streets is actually safer than it was 20 years ago. Since then, I’ve gone back to a regular commute – I’m cycling to work two or three times a week at the moment.…

ICAAP – Lessons Learned

On Wednesday this week (22 April), I am part of a panel discussion on ICAAP – comparing and contrasting the experience across the banking, life and general insurance industries. I’m representing life insurance. This post summarises the points from my introduction. I’ll come back and update with any interesting points from the panel discussion. Challenges…