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 organisation’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.