Actuaries Institute Podcast

The Institute’s latest Dialogue thought leadership paper explores where better outcomes can be delivered and significant savings can be made in social welfare through better data analytics.Vanessa Beenders from the HQ Public Policy team interviews Hugh Miller, Principal Actuary at Taylor Fry, on his new Dialogue thought leadership paper titled ‘People, projections and payments: A look at modern government service delivery’.For each vulnerable individual in society, services spending across welfare, housing, health care, justice and child protection can easily amount to up to $1 million over a lifetimeIn the discussion, questions for Hugh include:1.What different areas of service delivery are included in your paper? 2.How actuaries are helping governments to improve the service delivered and outcomes experienced by people? 3.Talk us though the investment approach to improving services 4.How does this differ to cost-benefit analysis as a tool?5.How does Australia compare with NZ in the use of data analytics to