Peter Tilocca

Todd Niccol, Operations Manager — Natural Hazards, shared with Reinsurance News the latest updates brought to the New Zealand insurance industry from the new Natural Hazards Insurance Act (NHI Act) 2023. These updates are designed to enhance claims management for insurers, and Todd reveals how Gallagher Bassett has invested in technology and upskilling of our people to ensure seamless support for our clients. Discover more about these updates and their impact on insurers here: https://hubs.ly/Q02KQ3Fy0

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What it's really like to be an actuary? Our latest feature on Actuaries Digital gives you the inside scoop from six talented professionals. From optimising retirement outcomes to tackling climate change – and  even using driver data to map potholes in Sydney – these actuaries are seeing their work in action. As Micheal Panovski puts it, "One of the most rewarding aspects of my career has been performing services that benefit the wider Australian public. The impact of our work extends far beyond the immediate business context." Now that’s job satisfaction. Thank you to Cynthia Le, Emily Tan, Jay S., Micheal Panovski, Pravin Chanmugam and Ruby Smith for sharing their career paths and experiences and offering insight into the continually evolving nature of actuarial work. Read the full article: https://lnkd.in/grtk3V9M For more interviews, features and analysis, subscribe to Actuaries Digital: https://lnkd.in/gGvfVe3 #Iamanactuary #careerinsights #professionaldevelopment

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APRA supports collaborative life insurance innovation! The Insurtech Australia team were heartened by the message from APRA's Suzanne Smith at the recent All Actuaries Summit 2024 – in particular, the focus on "transforming challenges into opportunities" and the acknowledgement that "collaboration is key". The Australian Life Insurance market has faced into multiple challenges over the past decade – some of which can be transformed through collaboration with insurtechs driven (and designed) to solve problems for customers. When hard times hit, the impact of Life insurance benefits on the lives of regular Aussies cannot be overstated. To have the support of APRA to innovate in this space is exciting! You can access the content of Suzanne Smith’s speech here: https://lnkd.in/giYdtWgS Late last year, Insurtech Australia established a 'Life Insurtech Working Group'. One of the goals of this group is to: spotlight the key challenges and constraints impacting quality of service and sustainability in the Life insurance industry. The Group's focus won't end there, of course. Watch this space… We are grateful to have gutsy, dedicated Life insurance-focused Members and Partners to take this challenge on. In what ways have you seen collaboration in Life insurance optimise outcomes for customers?   Simone Dossetor Anna Cranney Lawrence Roqueza Carolyn Johnston James Orchard Sid Baidwan Australian Prudential Regulation Authority Suzanne Smith Actuaries Institute Digital Experience Labs ClearView Wealth Limited Zemble LifeBid Swiss Re Adviser Connect dacadoo Resolution Life FINEOS DLA Piper EY Pacific Life Re Mercer Peter Tilocca Luis Nejo Hicham Mourad Alex Threlfall Aurora Voss Brett Wright Kimberley Robinson Vanessa Dobson Stephen Jarvie Thomas Dijohn Robert Guirguis Brian Kyne Ann-Marie Coleman David M. Matthew Larkin Taylor Williams #insurtechaus #allactuariessummit2024 #insurtech #insurancetransformation #insurancecollaboration #lifeinsurance #lifereinsurance #insurance #reinsurance #collaboration #innovation #technology

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Amid rising premiums, strategic shifts, and moderated catastrophe costs, Australian insurers like Suncorp Group, IAG, and QBE Insurance are emerging stronger. Insurance News magazine highlights how these leaders are balancing portfolio realignments, inflation impacts, and cost management to drive profitability and growth. Read more on the evolving strategies and resilience shaping Australia’s insurance sector for a prosperous future. https://lnkd.in/gtVhR-RV #Insurance #Australia #Growth #Strategy #InsuranceIndustry

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New episode of Cheques & Balances, OUT NOW 💥⁠ ⁠ Should You Cancel Life Insurance And Save Instead? Ft. Partners Life Chief Actuary Kate Dron ❤️‍🩹 Join us as we talk with Kate Dron, Chief Actuary at Partners Life, about the risks of canceling life insurance and why it's crucial to keep it for the protection of you and your loved ones. Stream now on Spotify, Apple Podcasts and YouTube 🎙️⁠ ⁠ The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.

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#IBTalk: Exploring the dynamic world of Accident and Health insurance in this podcast. Join Danny Wood and Jarrod O'Connor of Arch Insurance Australia as they discuss market growth, strategic adaptations, and emerging opportunities in the A&H sector. Listen here: https://hubs.la/Q02wyHtK0

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𝗧𝗵𝗶𝗻𝗸 𝗬𝗼𝘂 𝗞𝗻𝗼𝘄 𝗟𝗶𝗳𝗲 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲? 𝗟𝗲𝘁’𝘀 𝗦𝗲𝘁 𝘁𝗵𝗲 𝗥𝗲𝗰𝗼𝗿𝗱 𝗦𝘁𝗿𝗮𝗶𝗴𝗵𝘁 Misinformation can hold you back from making a smart financial decision. In our new video, we debunk common myths about life insurance that might surprise you. 𝗘𝗺𝗽𝗼𝘄𝗲𝗿 𝘆𝗼𝘂𝗿𝘀𝗲𝗹𝗳 𝘄𝗶𝘁𝗵 𝗸𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲! Don’t let myths stop you from securing your family’s future. 𝗖𝗵𝗲𝗰𝗸 𝗶𝘁 𝗼𝘂𝘁 𝗮𝗻𝗱 𝘀𝗵𝗮𝗿𝗲 𝗶𝘁 𝘄𝗶𝘁𝗵 𝘀𝗼𝗺𝗲𝗼𝗻𝗲 𝘄𝗵𝗼 𝗻𝗲𝗲𝗱𝘀 𝘁𝗼 𝗸𝗻𝗼𝘄: https://lnkd.in/ggWyxzkZ Don't forget to Like and Subscribe. What are your takeaways? Share in the comments below. #InsuranceMyths #KnowledgeisPower #OASISInsurance #BeInformed @highlights @everyone @Followers

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What is the difference between DFMs and financial advisers, you ask? Financial advisers take a holistic approach to create personalised financial plans, covering budgeting, retirement planning, and insurance based on clients’ needs. DFMs, on the other hand, specialise in investment management, designing and managing portfolios across risk and asset classes for an IFA’s client base. DFMs essentially ensure portfolios align with investment goals and risk tolerances. This partnership allows advisers to offer comprehensive advice while leveraging DFM expertise for optimal portfolio management, enhancing client outcomes.

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What are the top three themes underpinning the challenges for general insurers? Interconnectedness, customer treatment and climate. This was the consensus of an expert panel hosted by the Actuaries Institute in its recent GI Market Update Insights Session. As part of the panel, Director Andrew Song gave his perspective on recent and upcoming regulation changes for the industry. He and co-presenters Susie Amos, David Mee and Mathew Ayoub explored other areas, such as inflation, technology and global issues. As the panel shared their experiences, they highlighted how the three big themes have implications not only for general insurance but across corporate Australia. #Actuaries #Insights #GIMarketUpdate

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Which insurer is right for you? Here are four things to think about when you’re making a decision. https://lnkd.in/gcQSF-jD

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Which insurer is right for you? Here are four things to think about when you’re making a decision. https://lnkd.in/gcQSF-jD

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The small economy and high proportion of SME businesses in New Zealand present unique challenges for large insurance brokerages. Discover how industry giants Lockton and Steadfast Group Limited are navigating these obstacles and making their mark in the NZ market. https://hubs.la/Q02DLjCH0

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Insurance Business Australia’s top young insurance professionals are the new wave making an impact in a changing industry. This year’s generation of young insurance professionals is equipping employers with a competitive edge, balancing digital savviness with strong client relationships built on trust and expertise. Read the full report and learn more about this year’s top young insurance professionals under 40 destined to be the industry leaders of tomorrow. https://hubs.la/Q02-H6Lt0

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The rise of Artificial Intelligence (AI) and other tools has assisted insurers and actuaries in the work they do and in their professional processes. In a recent interview with Risk and Insurance, Pinnacle Principal and Consulting Actuary Aaron Hillebrandt shares how new technology has been implemented into the insurance industry, its related benefits and other things to consider. He relates how AI and machine learning can improve the credibility of data and help contribute to actuarial work product accuracy. To read the interview in its entirety, visit Pinnacle’s website https://lnkd.in/g_QpRYYp

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The insurance market in Australia and New Zealand is at a critical juncture: adapt or fall behind. Insurers are under pressure to address emerging risks and keep products affordable, while InsurTechs introduce innovative solutions but face challenges like scalability and regulatory hurdles. The key to navigating these challenges lies in embracing innovation through collaboration. By combining the deep-rooted expertise of traditional insurers with the technological agility of InsurTechs, the industry can drive transformative growth, enhance customer experiences, streamline operations, and develop new products. Discover how this collaborative approach can position the insurance sector for resilience and prosperity in our report – https://deloi.tt/4fzUMFy

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Building Summit Actuaries and Advisors Starting a new consultancy is about more than just setting up operations. It’s about creating a foundation built on principles that resonate with who we are and what we stand for. At Summit, we’re proud to be a woman-led organisation, driven by heart and committed to a vision where kindness and excellence co-exist, guiding us in every interaction, decision, and outcome. As we solidify our core values and manifesto, one theme consistently stands out: the belief that Summit can achieve its goals with integrity, compassion, and an unwavering commitment to doing things the right way. Our journey so far has been fueled by collaboration, the thinking environment, and a desire to find optimal solutions that have the best outcomes for all stakeholders, all while staying deeply rooted in our commitment to value-driven work. We are building a consultancy that strives for the highest standards, but never loses sight of the importance of empathy — both within our team and with our clients. Here’s to reaching new heights together — with kindness and excellence leading the way. 🌄 #SummitActuaries #Summit #ConsultingWithCare #Actuary #HumanActuary #DataScience #PublicHealth #WomenInLeadership #KindnessAndExcellence

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