Michael Gregory, Manager, Portfolio Planning at Suncorp has been awarded the 2019 Peter Corrigan scholarship for a video submission outlining his innovative, data-driven approach to CTP insurance which incorporates the risks associated with ride sharing services.

Michael has been awarded up to AUD$10,000, funded by Finity Consulting, to attend an international conference or seminar program that provides an excellent industry- or leadership-based professional development opportunity.

‘It was very humbling to receive the news from Scott. I was pushed to apply for the Peter Corrigan Scholarship by one of our executive managers within Suncorp who thought it was a good idea for a young leader in the Industry. I took his word for it and to receive the call is very humbling.’

Michael is excited to have the opportunity to travel abroad and learn from other leaders in the Insurance industry.

‘I really hope to be able to broaden my leadership development. Something that I’m passionate about is leading people and I’m doing the best I can to improve that. My aim is to also learn from other professionals about global trends and practices.’

Scott Collings, Principal and Managing Director of Finity Consulting added, ‘We had a very impressive group of scholarship applicants which was very encouraging from an industry standpoint but made it quite a challenge to select a winner. Michael’s entry ticked all the boxes. He showed strong leadership and employed an innovative data-driven strategy in solving a challenging insurance industry issue. His use of the video format certainly impressed, but not only that, it served to emphasise the highly supportive environment he works in which is a credit to his employer. Michael is a well-deserved winner, and we wish him all the best throughout his career in insurance.’

Prue Willsford, CEO of ANZIIF agreed saying, ‘Michael provided unassailable tangible evidence of outcomes and thought leadership in his winning submission.Michael’s winning video was a powerful way of communicating thought leadership, lateral thinking and advanced problem solving. We are excited to be a part of Michael’s learning journey, and to provide him with this unique opportunity to connect, grow and learn from international industry experts. Michael should be extremely proud of his achievements, and for the positive influence he is having on the Insurance industry.’

The Peter Corrigan Scholarship is open to insurance professionals who are current financial members of ANZIIF, are permanent residents of a country in the Asia-Pacific, and currently work in the insurance industry. The Peter Corrigan Scholarship for Innovation and leadership is offered every two years.

Michael will be officially awarded with the scholarship at the 2019 Insurtech conference in Sydney on Wednesday 27 February.

If you would like to learn more about ANZIIF’s Insurtech Conference, follow this link.

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Scott Collings

The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and Finity Consulting are pleased to announce submissions are open for the 2019 Peter Corrigan Scholarship for Innovation and Leadership.

The winner of the scholarship will be awarded up to $10,000 to attend an international conference or seminar that provides an industry or leadership-based professional development opportunity.

The application format for the scholarship has changed in 2019. To apply, applicants must describe an achievement or initiative that demonstrates leadership at work in the form of either:

• a written submission of up to 1,000 words, or
• a short video up to five minutes in length, or
• a voiceover of images in PowerPoint.

‘Finity is proud to sponsor the Peter Corrigan Scholarship for Innovation and Leadership for the sixth time,’ said Scott Collings, Managing Director of Finity Consulting. ‘The scholarship honours Peter’s leadership and drive for innovation by providing the opportunity for a future leader in the industry to further their learning and career development.’

Peter Corrigan was a highly respected figure in the Australian insurance industry, who passed away suddenly in 2002. During his career, Peter held senior positions in many leading insurance organisations and was known for his people skills, down-to-earth manner and industry expertise.

‘We are delighted to again offer a deserving insurance professional this career development opportunity,’ said Prue Willsford, ANZIIF Chief Executive Officer. ‘The changes to the award allow participants to highlight their creativity and enter the award in a format suited to their strengths. This scholarship not only provides the winner the opportunity to increase their understanding of the industry but will also help them develop their professional networks.’

The Peter Corrigan Scholarship is open to insurance professionals who are current financial members, and who are permanent residents of Australia, New Zealand or a country in the Asia- Pacific region. Applicants must be currently working in the insurance industry.

Applications close at 5.00 pm (AEST) on Tuesday 15 January 2019.

The 2019 recipient will be announced at the ANZIIF Insurtech Conference at Sofitel Sydney Wentworth on 26–27 February 2019.

For more information visit Submissions for the Peter Corrigan Scholarship

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Scott Collings

New industry publication Understanding Value in General Insurance was launched yesterday by actuarial firm Finity Consulting Pty Ltd and The Australian and New Zealand Institute of Insurance and Finance (ANZIIF).

Created by the industry’s leading insurance experts, the Understanding Value in General Insurance guide is designed to equip directors and senior insurance professionals with a deeper understanding of insurance businesses.

Previously titled Creating Value in General Insurance, the publication has been updated to include current external trends including Insurtech, which draws on technological innovation to realise additional value from the insurance business model.

‘ANZIIF is again pleased to partner with Finity to release the latest edition of Understanding Value in General Insurance. Since it was first published, the publication has assisted senior management navigate confidently in this dynamic industry and support them in leading a general insurance business. We hope the guide provides value to senior management and supports them as industry leaders’, says Prue Willsford, Chief Executive Officer at ANZIIF.

‘Created with directors and senior insurance people in mind, this publication is designed to reinforce understanding of the foundations of general insurance. The guide will be especially useful for senior business leaders who are new to the industry, providing them with key insights into the nature of the general insurance business and its key value drivers. It is far from being a theoretical textbook however, it has a strong focus on practical examples illustrating how insurance leaders can navigate the inherent uncertainty in general insurance and make sound, fact-based strategic decisions’, says Scott Collings, Managing Director at Finity.

The guide explores the key drivers of value creation across four distinct chapters:

1. Premium revenue generation
2. Operational cost management
3. Capital and solvency management
4. Business environment management.

First published in 2007, the latest edition of Understanding Value in General Insurance will be available for purchase here at  for RRP: $50.00 and will be on sale from Wednesday 1 November 2017.

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Scott Collings

The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and Finity Consulting are pleased to announce the opening of submissions for the 2016 Peter Corrigan Scholarship for Innovation and Leadership.

The bi-annual scholarship, funded by Finity Consulting, awards the winner up to $10,000 to attend an international conference or seminar program that offers an industry or leadership-based professional development opportunity.

“Finity is very proud to sponsor the Peter Corrigan Scholarship for Innovation and Leadership for the fifth time,” said Scott Collings, Managing Director and Principal of Finity Consulting.

“This year, we focus on innovation and leadership, which acknowledges Peter’s key contributions to the industry. The award honours his leadership and drive for innovation by providing the opportunity for an outstanding insurance professional to build international networks and engage in inspirational learning and development.”

The scholarship is offered in memory of Peter Corrigan, one of the most highly respected figures in the Australian insurance industry, who passed away in 2002. During his career, Peter held senior positions in many businesses across the industry and was known for his straightforward manner and wealth of industry knowledge.

“Learning from experts in the field at a significant global conference is an invaluable experience,” said Prue Willsford, ANZIIF Chief Executive Officer. “This scholarship provides a deserving insurance professional the opportunity to continue their development by honing their leadership skills and broadening their knowledge of innovation in the industry.”

The Peter Corrigan Scholarship is open to current financial members of ANZIIF who have permanent residency in Australia, New Zealand or a country in the Asia-Pacific. Applicants must be currently working in insurance and have at least five years of experience in the industry. Applicants must submit a 2,500 word essay in response to the question “How will general insurance in Australia change in the next five years?”

Applications close at 5.00 pm (AEST) on Tuesday 14 June 2016.

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