Actuaries In Action

If you're like most business leaders, you’re flooded with data. Crucially, there are business changing insights trapped in that data.

Data is in high demand. But not as high as the people who can make sense of it.

A recent McKinsey study estimated a US short-fall of up to 190,000 people with deep analytical skills. Harvard Business Review agrees adding that 'Data Scientists' will be the 'Rock Stars' of the 21st century. In Australia, they're known as an actuary. They have the skills to dig beneath the rhetoric to find pure, honest insights hidden in business data. Insights which are then used to change businesses, industries and even countries.

Check out real world examples of actuaries in action.

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The future of retirement is looking up.

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How do you spend $5 trillion to ensure everyone has a comfortable retirement?

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For super funds it safeguards liquidity. For retirees it safeguards their ultimate payday.

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A view of lifetime outcomes helped NZ refocus welfare spending to where it really works.

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By embracing data insights, bricks and mortar retailers are rediscovering rock solid profits.

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Data powered insights are re-writing solar power policy.

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By highlighting the risks, one asset management firm is seeing more than investor confidence grow.

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Actuaries helped insurers assess flood risk by neighbourhood, rather than by likelihood.

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Westfield is exploring the new frontier in customer knowledge.

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Understanding global arrears rates trends ensures big 4 mortgage lenders have their houses in order.

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By highlighting the risks, one asset management firm is seeing more than the confidence of its investors grow.

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The GFC exposed many failings. One in particular, identified by an Actuary, was the faulty diversification of assets framework used by a multi-million dollar wealth management firm. The Actuary worked with the group to deconstruct the asset classes and then reconstruct them, with one innovative difference – they now focussed on the potential risks, rather than the potential returns. This unusual insight has actually given investors more confidence in the decisions they make, resulting in more revenue for the firm. And the pioneering use of risk-based asset management is receiving significant interest throughout the global investment community. The world isn’t black and white but business decisions are.

When you need clarity in a complex world, you need an Actuary.

Actuary Siddarth Parameswaran advised Fund Managers on their investments in insurance companies.