Extreme Value Theory Approaches to Insurance in a Catastrophic Environment. Recent decades are marked by numerous significant natural (climate change) or man-made (financial crises) catastrophes, which have significantly altered the landscape of the insurance industry. These have potentially significant negative impacts on the availability and affordability of insurance, and hence on the capability and capacity of households and businesses to take risks and be competitive. This project endeavour ....Extreme Value Theory Approaches to Insurance in a Catastrophic Environment. Recent decades are marked by numerous significant natural (climate change) or man-made (financial crises) catastrophes, which have significantly altered the landscape of the insurance industry. These have potentially significant negative impacts on the availability and affordability of insurance, and hence on the capability and capacity of households and businesses to take risks and be competitive. This project endeavours to establish progressive approaches (using extreme value theory) to the challenges faced by insurance in such a catastrophic environment. They will enhance the financial stability and competitivity of the Australian economy, and further establish its global leadership in dealing with climate changes and catastrophes.Read moreRead less
Predicting the impacts of groundwater drawdown on groundwater ecosystems. This project aims to tackle a critical challenge of groundwater management – to understand and predict the impacts of declining groundwater levels. Over pumping and declining groundwater tables are a global problem, yet the effects on the ecosystems that exist within aquifers are poorly known. This project will create a world first evidence-based model of how lowering water tables affects the microbes, invertebrates (stygo ....Predicting the impacts of groundwater drawdown on groundwater ecosystems. This project aims to tackle a critical challenge of groundwater management – to understand and predict the impacts of declining groundwater levels. Over pumping and declining groundwater tables are a global problem, yet the effects on the ecosystems that exist within aquifers are poorly known. This project will create a world first evidence-based model of how lowering water tables affects the microbes, invertebrates (stygofauna) and ecological processes in groundwater ecosystems, and will demonstrate the consequences of such changes to groundwater quality and availability. This model will allow impacts to be reliably forecast and avoided or mitigated, vastly improving how major developments affecting groundwater are planned and implemented.Read moreRead less
Ecosystem risk assessment. This project aims to develop a type-based framework for the world's ecosystems, and undertake the first broad-scale global risk assessment for ecosystems. It will include detailed Australian risk assessments and scenario analyses to develop sustainable management of ecosystem services and climate adaptation strategies. The outcomes include a global-scale framework for classifying terrestrial, freshwater and marine ecosystems, the first global Red List of Ecosystems and ....Ecosystem risk assessment. This project aims to develop a type-based framework for the world's ecosystems, and undertake the first broad-scale global risk assessment for ecosystems. It will include detailed Australian risk assessments and scenario analyses to develop sustainable management of ecosystem services and climate adaptation strategies. The outcomes include a global-scale framework for classifying terrestrial, freshwater and marine ecosystems, the first global Red List of Ecosystems and identified priorities for protecting remaining wild ecosystems and restoring those that have suffered degradation. This will help meet UN Sustainable Development Goals to improve human well-being globally.Read moreRead less
Quantitative Analysis of Systemic Risk in Insurance. This project aims to achieve a contemporary and comprehensive quantitative analysis of systemic risk in insurance. The significance lies in narrowing the gap between the studies of systemic risk in banking and insurance. Expected outcomes include the construction of insurance/reinsurance networks to formalise systemic risk, the analysis of the role of network integration, and the development of pricing frameworks to entail a systemic risk prem ....Quantitative Analysis of Systemic Risk in Insurance. This project aims to achieve a contemporary and comprehensive quantitative analysis of systemic risk in insurance. The significance lies in narrowing the gap between the studies of systemic risk in banking and insurance. Expected outcomes include the construction of insurance/reinsurance networks to formalise systemic risk, the analysis of the role of network integration, and the development of pricing frameworks to entail a systemic risk premium. The project will benefit insurers and regulators by providing a forward-looking approach to monitoring and assessing insurance risk during a systemic crisis. These important original contributions to insurance risk management will help establish Australia’s global leadership in systemic risk.Read moreRead less
New metrics to measure and track fauna community condition in Australia. This project aims to improve how biodiversity is measured by developing a system to describe the condition of animal communities, analogous to those used for plant communities. It develops and tests the system for Australia’s birds, then extends the approach to other animal groups. The project expects to develop a data-driven typology of bird communities, accompanying community condition metrics that are scalable from site ....New metrics to measure and track fauna community condition in Australia. This project aims to improve how biodiversity is measured by developing a system to describe the condition of animal communities, analogous to those used for plant communities. It develops and tests the system for Australia’s birds, then extends the approach to other animal groups. The project expects to develop a data-driven typology of bird communities, accompanying community condition metrics that are scalable from site to national levels, and guidance for using these metrics in practice. These metrics will enable holistic and relevant measures of the biodiversity value of sites, improve evaluation of restoration actions, reveal trends in community condition, and inform monitoring and evaluation tools for emerging biodiversity markets.Read moreRead less
Modern statistical methods for clustering community ecology data. This project will develop statistical methods and software for clustering community ecology data, and use them to analyse systematic survey and citizen science program data collected along the Great Barrier Reef. By doing so, the project will address the dearth of statistical classification techniques for high-dimensional, multi-response data with complex relationships. When the resultant clustering methods are used to construct b ....Modern statistical methods for clustering community ecology data. This project will develop statistical methods and software for clustering community ecology data, and use them to analyse systematic survey and citizen science program data collected along the Great Barrier Reef. By doing so, the project will address the dearth of statistical classification techniques for high-dimensional, multi-response data with complex relationships. When the resultant clustering methods are used to construct bioregions and characterise species’ environmental responses, they should significantly enhance evaluations of the impact of human activity and environmental change on coral diversity. Ultimately, these evaluations can underpin future decisions in the conservation and management of the Great Barrier Reef.Read moreRead less
The Macroderma initiative: conserving ghost bats and informing development. This project aims to improve methods for capturing biological information required for environmental assessments of highly mobile species and enable strategic environmental planning in Northern Australia. Using Australia’s iconic ghost bat as a focus, the project will test and apply emerging technologies to obtain key information on a species’ population status and its critical resources to inform assessments of ecologic ....The Macroderma initiative: conserving ghost bats and informing development. This project aims to improve methods for capturing biological information required for environmental assessments of highly mobile species and enable strategic environmental planning in Northern Australia. Using Australia’s iconic ghost bat as a focus, the project will test and apply emerging technologies to obtain key information on a species’ population status and its critical resources to inform assessments of ecological impacts of industry development. Important benefits of the project include information and tools for streamlining development approvals and accurately assessing risks to threatened species to improve outcomes for both our economy and our natural environment.Read moreRead less
Forecasting and Financing Healthy Ageing and Aged Care in Australia. This project aims to quantify future risks of chronic illness and functional disability in retirement, proposing financing strategies aimed at enhancing healthy ageing, lifestyle quality and aged care provisions. The project devotes to devising a framework integrating government and private sector participation in funding health costs which increase significantly in older ages. The expected outcome includes sustainable retireme ....Forecasting and Financing Healthy Ageing and Aged Care in Australia. This project aims to quantify future risks of chronic illness and functional disability in retirement, proposing financing strategies aimed at enhancing healthy ageing, lifestyle quality and aged care provisions. The project devotes to devising a framework integrating government and private sector participation in funding health costs which increase significantly in older ages. The expected outcome includes sustainable retirement income scenarios for easing fiscal pressure from social initiatives such as age pension and aged care financing at the same time improving living standards for seniors. The project expects to place Australia at the forefront of research on sustainable solutions to financial challenges facing retirees.Read moreRead less
More than a reserve? Measuring the benefits of private protected areas. This project aims to develop a framework for understanding the full suite of benefits derived from privately protected areas in Australia. It will develop and test a new interdisciplinary approach to measure the ecological, socio-cultural, and economic benefits of protected areas to both human and non-human beneficiaries. Outcomes will include a systematic process to effectively gather data, analyse, and report on the full s ....More than a reserve? Measuring the benefits of private protected areas. This project aims to develop a framework for understanding the full suite of benefits derived from privately protected areas in Australia. It will develop and test a new interdisciplinary approach to measure the ecological, socio-cultural, and economic benefits of protected areas to both human and non-human beneficiaries. Outcomes will include a systematic process to effectively gather data, analyse, and report on the full suite of benefits derived from protected areas. The framework will provide a robust evidence base for the range of benefits provided by private protected areas. This will be vital to manage and grow Australia’s protected area network to reduce biodiversity and environmental declines, and meet international commitments.Read moreRead less
Self-supervised feature learning for rapid processing of marine imagery. Fast and reliable quantitative estimates of marine environmental health are needed for scientific studies, design and management of protected areas, and regulatory compliance of industrial activity in the ocean. Australia is collecting seafloor images at increasing rates but expert annotations are not keeping up, meaning that typical machine learning approaches struggle. This project will develop self-supervised techniques ....Self-supervised feature learning for rapid processing of marine imagery. Fast and reliable quantitative estimates of marine environmental health are needed for scientific studies, design and management of protected areas, and regulatory compliance of industrial activity in the ocean. Australia is collecting seafloor images at increasing rates but expert annotations are not keeping up, meaning that typical machine learning approaches struggle. This project will develop self-supervised techniques that use large amounts of unlabeled data to enhance performance. Our design takes advantage of additional information available for marine imagery such as geolocation and remote sensing context. We will explore how these representations can guide additional sampling and improve performance in classification tasks.Read moreRead less