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.

Seeing the scale of mental health problems is important. Helping customers and insurers navigate them is essential.

Pointed insights for the expanse of big data.

The future of retirement is looking up.

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

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

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

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

Data powered insights are re-writing solar power policy.

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

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

Westfield is exploring the new frontier in customer knowledge.

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

Is your business making the most of new opportunities?

Every day, Australians generate a vast amount of data. Virtually everything we do online, and increasingly offline, leaves a digital trail which can be linked and analysed. It’s no surprise big data and the insights it reveals is transforming the insurance industry. For starters, insurers will understand risks more clearly, while many consumers will benefit from more relevant products and fairer premiums. But government will need to tackle issues of affordability and privacy to protect society, especially the vulnerable. All is revealed in The Impact of Big Data on the Future of Insurance. See who’s already harnessing this wealth of information – and how your company could join them.

The world isn’t black and white, but business decisions are. When you need clarity in a complex world, you need an actuary.

Read The Impact of Big Data on the Future of Insurance now.

Download the Green Paper, The Impact of Big Data on the Future of Insurance which explores how big data is transforming the insurance industry.

Commissioned by the Institute and written by Deloitte Australia, with significant contributions from our Practice Committees and Working Groups, this report considers the issues that will face society as insurers price policies on a more individualised risk basis.

Read the paper now

CEO of the Actuaries Institute, Elayne Grace on the increase of health and lifestyle data and how it is transforming the way insurance is written.

Actuary Kaise Stephan on the risk big data presents to 'uninsurable' people, whose risks are largely outside their control.

Actuary Marc Mer on how big data allows insurers to offer better risk signals, to proactively reduce customer risks and premiums.

Actuary Paul Swinhoe on the challenge of data privacy and what increased data means for insurance affordability.

David Bell, Former CEO of the Actuaries Institute, on the rise of big data and why the role of actuaries is more important than ever.

See what we see

Actuaries In Action

Pointed insights from the expanse of big data.

Is your business making the most of new opportunities?