Joanne Buckle FIA, FSA, MAAA Principal and Consulting Actuary at Milliman Event
- Time:
- 18:00 - 19:15
- Date:
- 26 November 2013
- Venue:
- Lecture Theatre A, Mathematical Sciences (building 54, room 4011), Highfield Campus, University of Southampton, Southampton, SO17 1BJ. Following the lecture, a reception (drinks and light buffet) will be held in the Hartley Suite of the Staff Social Centre (building 38), a five-minute walk from building 54. Free parking will be available on the Highfield Campus from 5pm in any undesignated parking bay. For those who wish to claim CPD credit, a register of attendance will be taken. Please register for this event by emailing: S.L.Dack@soton.ac.uk
For more information regarding this event, please telephone Sarah Dack on +44 (0) 23 8059 2522 or email S.L.Dack@soton.ac.uk .
Event details
A lecture sponsored by the Worshipful Company of Actuaries
What can actuaries possibly know about healthcare?
Health systems are a classic example of a complex system which no-one can hope to fully understand. Decisions are rarely made based on good analysis and following the discipline of the actuarial control cycle, but are instead shaped by political priorities, partial hypotheses and downright myth. Behavioural economics and psychology give a greater insight into why health systems behave as they do than maths and statistics. In addition, all health systems believe they have unique problems, which require local solutions and are resistant to adopting best practices from elsewhere. So what can actuaries possibly hope to add to the debate? This lecture will aim to show the practical issues health actuaries deal with on a day to day basis and how they can shed light into some of the darker corners of health systems' decision-making process. There is no perfect health system and the compromises that each system makes are a reflection of the value judgements and social policy priorities of its stakeholders. The actuary's job is to quantify the impact of those decisions and help policymakers understand the potential consequences of their actions to decide where to deploy the necessary trade-offs.
Speaker Biography
Joanne Buckle FIA, FSA, MAAA is Principal and Consulting Actuary and leads the London health practice of Milliman. She has over 15 years of experience in health markets throughout the world and her work includes pricing and reserving for health insurance, as well as benchmarking the efficiency of health systems and looking at the effect of alternative reimbursement models for hospitals and doctors. She has worked on consulting projects for governments, insurers, providers, pharmaceutical companies and NGOs
The Worshipful Company of Actuaries
The Worshipful Company of Actuaries (WCA) is a Livery Company of the City of London. Established in 1979, the WCA supports and promotes the actuarial profession. Through its educational and charitable activities, it also brings awareness of the actuarial profession to a wider audience. Its Charitable Trust provides help and support to those in need, with an emphasis on making a difference in improving education, particularly in the area of mathematics. The WCA has broad links with several universities in the United Kingdom, and awards bursaries and prizes to students following actuarial science degree programmes.