Actuarial, Rewards & Analytics
Organizations are challenged with new emerging risks as they seek profitable growth and attempt to maximize the return on capital by understanding the risk adjusted opportunities to deploy the capital. Deloitte’s Actuarial, Rewards & Analytics (ARA) practitioners help business leaders make informed decisions to grow revenue, manage risk and capital, reduce operational costs, and design compensation and reward programs to address critical business, financial, and insurance challenges. We work with many of the world’s leading financial services providers in Life, Property & Casualty insurance, as well as with Healthcare plans and providers, and provide Rewards and Risk management advice to organizations from all industries and all geographies.
Imagine a world where your organization’s actuaries can address be called to answer burning questions – and get business-oriented, easy-to-visualize responses that inform strategic decision making.
Financial institutions globally are seeking to grow revenue, manage risk and capital and reduce costs as they continue to look to improve return on capital. Insurance organizations are looking to improve the strategic input from their actuarial departments. Deloitte’s actuarial capabilities include all aspects of actuarial consulting, including financial reporting, actuarial analysis, financial modeling, capital and risk modelling, valuation, mergers and acquisitions, product development, strategy and reinsurance. We also assist insurance organizations in the modernization of their actuarial operating model to meet the challenges the industry faces today. We work with C-suite Executives in many of the world’s largest financial services providers in Life, Property & Casualty and Health insurance, and the Banking sector, assisting them to make decisions aligned with greater understanding of the trade-offs they are facing.
As the cost and risk of compensation and benefit programs continues to increase, employers are searching for new and innovative ways to improve employee productivity and engagement.
Deloitte practitioners help employers drive corporate performance by optimizing design, delivery, and management of compensation, benefits, and other rewards programs. As independent and objective advisors with deep expertise in compensation, healthcare, and retirement, we help our clients consider rewards in the context of the overall HR strategy and to focus on the optimal balance of employee value, employer cost, and risk management. Beyond deep technical expertise, our rewards advisors have broad business and industry experience to address complex rewards related business issues from strategy through execution. Further, we provide critical actuarial and investment expertise to pension plan sponsors and trustees so that they are assured their pension programs are being managed in an optimal manner.
In today’s competitive business environment, businesses are looking to grow both organically and through accretive mergers & acquisitions.
Deloitte’s ARA M&A professionals assist clients in all phases of the M&A lifecycle: Strategy, Targeting, Due Diligence and Post-Merger Integration, with a unique emphasize on the critical value of Human Resources throughout the transaction life cycle. We draw upon the experience earned in more than 1,000 global engagements to advise clients on how to enable growth, support value capture and bring the business together (or effectively carve the business out). Our subject matter experience includes traditional Human Resources subjects, as follows: Total Rewards, HR Transformation, Organization & Talent Development, and Actuarial Services, all of which are backed by Deloitte's deep breadth of experience across the disciplines of Consulting, Audit, Tax, and Financial Advisory.
Retirement Advisory and Risk Management
Retirement providers are aggressively navigating growth opportunities through the headwinds of margin compression, old technology and regulatory uncertainty.
Our capabilities leverage Deloitte’s full breadth of services to help retirement providers achieve their strategic objectives. A leading retirement services consultancy which focuses on serving retirement providers, assisting them to differentiate themselves in the marketplace spanning business strategy to business operations. We bring a team that has experience working for and with many of the leading retirement providers in the industry. We believe that we can offer industry benchmarks, unmatched insights and implementable solutions for our clients. Through our vast experience, exceptional service delivery and proven methodologies and accelerators, we are recognized leaders in Financial and Retirement Services. Our mission is to help retirement providers including banks, asset managers, insurance companies, and technology vendors to refine their retirement strategy, effectively explore new opportunities, and achieve operating excellence.
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.
People analytics: Recalculating the route
Analytics is no longer about finding interesting information and flagging it for managers. Now, data are being used to understand every part of a business operation, and analytical tools are being embedded into day-to-day decision making.