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Actuarial and Advanced Analytics
Actuarial & Advanced Analytics (AAA) service line specializes in providing services that enhance our client’s management of risk and allows them to make informed business decisions. We work with many of the world’s leading financial services providers in Life, Property & Casualty insurance, Retirement services, as well as with Healthcare plans and providers. AAA uses advanced statistical techniques to analyze large quantities of internal and external information to unlock previously unknown, but meaningful, business relationships allowing clients to significantly improve profitability. Engagements are from all industries and include insurance underwriting and claims, price optimization, and safety analytics.
- Advanced Analytics and Modeling
- Health Actuarial
- Property and Causality Actuarial
- Risk, Insurance, and Claims Advisory
- Life Actuarial
- Retirement Providers
Our Actuarial & Advanced Analytics services:
What do successful organizations do when approaching analytics and the notion of big data? Join Deloitte’s John Lucker and Jim Guszcza, and Wharton’s Elea Feit, as they exchange ideas on monetizing data assets, the importance of privacy and data governance, and how consumers benefit from the strategic use of data assets, tools, and techniques – and find out why there’s a lot of room for innovation.
Claims are the single largest spend for a property & casualty insurance company. Typically, up to 80 percent of each earned premium dollar is “claimed by claims” as pay-out and related expenses. Insurers who can equitably settle claims while reducing claims costs by just one percentage point will save significant expenditures.
For a lot of executives, big data is the land of false promises and lost dreams – another overhyped trend in a long line of trends-that-weren’t. If you’re ready to skip past all the paradigm-shifting, game-changing clichés about big data and get to the stuff that matters - we’ve developed a guide to help get you started.
Increasingly, many HR leaders have to answer questions that have an economic issue at their core—the allocation of a scarce resource called talent. Read the full 2013 Human Capital trends report.
Given the importance of talent and people, it’s time to move beyond instinct, gut and tribal wisdom in making workforce decisions. If you’re not using workforce data and analytics to drive your talent decisions, you may be behind the curve — and at risk of losing your competitive edge.