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

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A credit risk downturn. While not seen in Australia for the last couple of decades, the recent trends in global arrears rates remind us that housing credit shocks can and will happen. By modelling a plausible credit risk downturn scenario as defaults rising to 1.5%, the outcome would see the big four banks needing $8 billion in extra home lending capital. It's another example of how an Actuary helped to drive big business strategy (and helped our banks avoid a big shock). The world isn't black and white but business decisions are.

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