The 2024 IFB-AIA Annual Showcase Event connected the insurance company with leading academics from the University of Melbourne and Melbourne Business School.
On April 18, the Institute for the Future of Business and AIA Australia hosted the event on the Parkville campus with introduction speeches from Professor Phil Dolan, Executive Director of the Institute, and Marianne Hutchinson, Chief of Strategy, Innovation and Data Office, AIA.
“As an executive and Advisory Board member of the IFB, I am delighted to see this vibrant mix of talent from academia and industry come together,” said Ms Hutchinson.
“AIA is proud to be a founding member of the IFB, and we are excited to be here at the University for our second annual networking event.”
The Institute for the Future of Business is a collaboration between the Faculty of Business and Economics and Melbourne Business School, with AIA Australia as its founding corporate member.
The University and the School partnered with the leading insurance provider to launch a new model for engaging Australian organisations in the design and delivery of business education, as well as applied research projects that will aim to solve challenges for the future of business.
“The Institute for the Future of Business is very pleased to be working with AIA to facilitate their access to the wider University,” said Professor Dolan.
“Successful projects that have been undertaken to date include using advanced eye-tracking technology to assist in determining the key factors that underlie decisions when taking out life insurance, and addressing some of the issues that lead women to take early retirement and experience financial hardship in later life, due to poor health outcomes.
“Both projects have produced significant results of interest both to AIA and the wider community.”
The showcase presented an opportunity for senior AIA staff to hear about some of the University’s other areas of excellence, and to discuss potential projects with the academic staff undertaking the work.
Academics from the Faculty of Business and Economics, Melbourne Business School, and the Faculty of Engineering, Information and Technology gave presentations.
Professor Roger Wilkins, Deputy Director of the Melbourne Institute: Applied Economic & Social Research and HILDA Survey Co-Director, spoke to the main trends from the Household, Income and Labour Dynamics in Australia (HILDA) longitudinal survey.
Professor Will Harvey, Professor of Leadership at Melbourne Business School and Director of the Social Purpose Centre, gave a presentation on the impact reputation loss can have on an organisation.
Professor James Bailey, Professor of Computing at the School of Computing and Information Systems and Program Lead for the Artificial Intelligence (AI) Research Group, touched on how AI can be embedded in business operations.
Associate Professor Kwanghui Lim, who teaches Strategic Management at the Melbourne Business School, gave a presentation on how best to foster an innovative workplace.
Associate Professor Toby Murray from the School of Computing and Information Systems discussed key trends in cybersecurity.
The Institute for the Future of Business serves as a concierge for a select group of partners into the University of Melbourne and Melbourne Business School, allowing organisations to tap into knowledge and ideas from experts across a wide range of fields at Australia's top university and graduate business school.
It also gives educators access to valuable insights from industry leaders who can assist in the co-design of curriculum, share their knowledge and expertise in the classroom, and further student development through internship and mentoring opportunities.
As one of Australia’s biggest life insurers, AIA Australia entered into the partnership with a goal to enhance the wellbeing programs in its AIA Embrace ecosystem, led by its Shared Value and Behavioural Science Team.
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