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.
Insurance organizations are looking to improve the strategic input from their actuarial departments.
Deloitte assists both insurance and self-insured organisations in all aspects of actuarial consulting including financial reporting, actuarial pricing and reserving, financial modelling, and actuarial modelling. 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.
Regulatory, Risk and Capital Advisory
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.
Deloitte has unrivalled breadth and depth of experience in Solvency II and extensive experience in the practical application of financial reporting standards. We assist organisations with their regulatory, risk and capital requirements through advisory and technology implementation.
Insurance, Product and Underwriting Excellence
Insurance organisations seek to improve their products, pricing and processes to meet the demands of their consumers today.
Deloitte assists insurance organisations in the architecture of their insurance products and associated pricing, streamlining underwriting processes, and enabling better and faster insights through underwriting system transformations.
Finance and Actuarial Transformation
Insurance organisations are looking to improve the strategic input from their actuarial and finance functions.
Deloitte assists insurance organizations in the modernization of their actuarial, risk and finance operating models and systems to meet the challenges the industry faces today.
With the increase in computing power, organizations are interested in analyzing both internal and external data to identify previously unknown relationships that will drive operational efficiency, increase sales, and provide a competitive marketplace advantage.
Deloitte’s Advanced Analytics & Modeling (AAM) practitioners provide end-to-end business solutions using 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 through more informed insights. Analytics techniques include: predictive modeling, simulation, optimization, scenario planning, and data mining. Our Data Mining methodology is based on more than 20 years of R&D in artificial intelligence and neural network applications.
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.
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.
Pension Investment Advisory
In today’s volatile market, understanding the best way to approach pension investments to meet regulatory needs and also ensure desired financial results outcomes is critical.
Deloitte advises on all aspects of employee benefit and reward programs from complex pension provisions to flexible schemes. We combine actuarial benefit advice with broader business advice from around the world, making us unique in the pensions and employee benefits market.
Mergers, Acquisitions & Restructuring
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.