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.
Analytics is typically discussed in terms of computer technology, machine learning algorithms, and big data. Behavioral nudges, on the other hand, concern human psychology. What do they have in common? Quite a bit, as it turns out.
The use of analytics in HR is growing, with organizations aggressively building people analytics teams, buying analytics offerings, and developing analytics solutions. HR now has the chance to demonstrate ROI on its analytics efforts, helping to make the case for further investment.