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

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Pointed insights for the expanse of big data.

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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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Seeing the scale of mental health problems is important.

Helping customers and insurers navigate them is essential.

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Download the Green Paper, Mental Health and Insurance which aims to stimulate discussion about the way the insurance sector and insurance products interact with people with mental health conditions. 

The Institute believes mental health is an important public policy issue where it can contribute independent advice in the area of insurance. This Paper was commissioned by the Institute and prepared by Geoff Atkins and Sue Freeman of Finity Consulting.

Download Paper

Actuary Elayne Grace on why the Actuaries Institute collaborated to seek practical solutions for people with a mental health condition.


Actuary Geoff Atkins on how we can improve insurance for people with mental health conditions.







Deputy CEO and Head of Public Policy at the Institute, Elayne Grace, introduces the Green Paper in conversation with its co-author, Geoff Atkins. The pair explore the complex challenges of insuring mental illness, including subjectivity around diagnosis, lack of reliable data, and ineffective regulatory frameworks.





Co-chair of the National Mental Health Commission, Lucy Brogden, joins Elayne Grace to discuss the state and spread of mental health conditions in Australia; and how the Commission is working to affect change for people living with mental health issues.




Brett Clark, CEO of TAL, joins Elayne Grace to discuss challenges, particularly on the claims side of insuring mental illness, and how the industry is making practical improvements.




Elayne Grace speaks to actuary Geoff Atkins, co-author of the Green Paper 'Mental Health and Insurance', about product definitions in insurance contracts covering mental health.
There are vast improvements to be made in underwriting and legislating products to respond to consumer needs in this complex area. It's a fine balance between offering good protection at an affordable price in a sustainable system.