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Actuarial 20/20

A corporate evolution worth realizing

Actuarial 20/20 is an offering that assists organizations and their actuarial teams in transforming and enhancing the value of the actuarial processes, systems, and people. Transformation, performed hand in hand with senior management, ultimately improves the overall value of the actuarial team as an important player in business and finance decision making.

Actuarial 2020—Four Faces

Actuarial 20/20 is tailored for actuarial teams and leverages Deloitte’s expertise in Finance Transformations. A core framework is the Four Faces of the Actuary below.

The Head of the Actuarial Team must balance the day to day operational and functional activities (Steward and Operator modes) with the longer term input into the organization’s strategy and change momentum (Strategist and Catalyst mode).

Currently, many Heads of Actuarial and their teams are operating disproportionately in the Steward and Operator modes. The work is increasingly process driven and focused on meeting regulatory requirements.  There is opportunity to operate more at a strategic level with actuaries providing insight and advice to the business in addition to meeting regulatory requirements.

Explore Human Capital Services

In a dynamic world with constant disruption, human capital issues should be viewed as business issues to be shaped by HR, but addressed across the C-Suite. To take the lead, the future of HR demands major shifts in mind-set, roles, capabilities, and digital enablers with reinvention at the core.

In a dynamic world with constant disruption, human capital issues should be viewed as business issues to be shaped by HR, but addressed across the C-Suite. To take the lead, the future of HR demands major shifts in mind-set, roles, capabilities, and digital enablers with reinvention at the core.

Organization Transformation

Enables an organization to operate differently in support of their business strategy. Occurs at the enterprise, business unit or functional level, and leverages behavioral analytics, actuarial capabilities and research insights to drive the change.

Workforce Transformation

Delivers solutions that can transform our clients’ workforces for business success in this era of continuous disruptions. Achieve end-to-end workforce lifecycle solutions that can make work better for humans and humans better at work.

Human Capital as-a-Service

In today’s ever-evolving world, one of the few constants is change. To stay in front, organizations should to have real-time access to Human Capital insights, experts and innovative technology solutions that are designed to not only drive, but sustain and extend organizational performance and engagement.

Global Operate Services

We can address market disruptions and deliver outcomes for the evolving needs of your business. This means making sure your strategic and operational needs can be met reliably and securely. 

Actuarial 20/20

The power of clarity

Our proposition addresses all of the above elements. The Actuarial 20/20 offering has tools and frameworks to help streamline actuarial processes, adopting more efficient work steps and cleaning and improving data and technology frameworks.  The freed up time resulting from operational efficiency can be used to support more strategic activities. The offering as a result also covers tools and frameworks to help lift leadership capability and provide sustainable cultural change throughout the actuarial team. For organizations and management teams, this is an opportunity to create a competitive advantage through maximizing the potential and value added from their actuarial teams.