Modelling claim dependencies for the general insurance industry with economic capital in view: an innovative approach with stochastic processes. This project will develop and enhance multi-dimensional models used to describe and assess the risks borne by general insurers. These innovative methods, which will be directly applicable by the industry, will strengthen the efficiency and the safety of the Australian economy.
Long-term care financing and policy: Insights from a pilot program in China. This project aims to advance global knowledge and policy development around long-term care (LTC) provision by undertaking a comprehensive assessment of alternative funding and provision mechanisms. Drawing on a unique pilot of LTC delivery in China, the project aims to estimate and assess LTC cost and usage, and link this with international experience to quantify the impacts of alternative policy structures. Through met ....Long-term care financing and policy: Insights from a pilot program in China. This project aims to advance global knowledge and policy development around long-term care (LTC) provision by undertaking a comprehensive assessment of alternative funding and provision mechanisms. Drawing on a unique pilot of LTC delivery in China, the project aims to estimate and assess LTC cost and usage, and link this with international experience to quantify the impacts of alternative policy structures. Through methodological advances designed to incorporate the real-time data made available under the pilot, this project aims to deliver significantly improved projections of LTC usage and costs that will be important to governments and the insurance industry, globally. Leveraging a strong partnership between Australian and Chinese researchers, it aims to provide the evidence base needed for policy and industry planning in China, and to advance global knowledge to deal with this challenge.Read moreRead less
Risk and Prudential Regulation and Supervision of Australian Financial Institutions. The project seeks to enhance the effectiveness of prudential regulation and supervision of financial institutions (FIs) by examining the risk of FIs, as reflected in default risk premiums on FI international debt issues and variability of revenue/profitability measures, and the effect of broadening FI activities and the shift towards fee/commission income on FI risk. This forms the basis for the development and ....Risk and Prudential Regulation and Supervision of Australian Financial Institutions. The project seeks to enhance the effectiveness of prudential regulation and supervision of financial institutions (FIs) by examining the risk of FIs, as reflected in default risk premiums on FI international debt issues and variability of revenue/profitability measures, and the effect of broadening FI activities and the shift towards fee/commission income on FI risk. This forms the basis for the development and testing of statistical early warning systems of impending financial problems in Australian FIs. The models are compared with examiner rating systems currently used in prudential supervision.Read moreRead less
Managing Risk with Insurance and Superannuation as Individuals Age. Financial stability lies at the heart of any market economy. The financial risks associated with uncertainty about longevity change comprise one of the most pressing challenges facing financial systems, nationally and globally. While insurance companies and superannuation funds hold significant reserves against future risks, the ageing of the population increases the number of people potentially exposed to loss in the event that ....Managing Risk with Insurance and Superannuation as Individuals Age. Financial stability lies at the heart of any market economy. The financial risks associated with uncertainty about longevity change comprise one of the most pressing challenges facing financial systems, nationally and globally. While insurance companies and superannuation funds hold significant reserves against future risks, the ageing of the population increases the number of people potentially exposed to loss in the event that insurers and pension funds cannot deliver on their obligations. With an increasing range of financial service products and markets developing to meet the needs of the aged, research into the issues of longevity risk and the financial impact of uncertainty in mortality and morbidity trends is vital.Read moreRead less