Interview With David Hare - The Impact Of Data Analytics On The Actuarial Profession

This month we sat down with David Hare, President of the Institute and Faculty of Actuaries, and a Partner at Deloitte, to talk to him about his article in this month's edition of The Actuary.

In this month's The Actuary, you speak about the importance of actuaries staying up-to-date with technology and current issues. Why is that so important?

In the past actuaries were seen as key thinkers in life insurance companies, and that is still the case when it's all about risk. However, nowadays a lot of insurance companies are more focused on investment opportunities for customers, and there are a lot of other people in addition to actuaries who have good ideas in that space. One of the ways of increasing relevance for actuaries is to embrace all the other issues which are on the agenda of senior management, and use our analysis and problem solving skills, as well as creativity and imagination, to actually help companies create value.