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 improve public service delivery? 6.The benefits of using data analytics more extensively to improve service delivery here in Australia sound overwhelmingly positive. What are the barriers that prevent it from happening or from occurring quickly? Subscribe to our YouTube channelhttps://www.youtube.com/subscription_center?add_user=ActuariesInstituteAbout the Actuaries InstituteAs the sole professional body for Members in Australia and overseas, the Actuaries Institute represents the interests of the profession to government, business and the community. Actuaries assess risks through long-term analyses, modelling and scenario planning across a wide range of business problems. This unrivalled expertise enables the profession to comment on a range of business-related issues including enterprise risk management and prudential regulation, retirement income policy, finance and investment, general insurance, life insurance and health financing.Find out more about actuarieshttps://www.actuaries.asn.auFollow the Institute of Actuaries on our social channels↳ Facebook: https://www.facebook.com/ActuariesInstitute/↳ Instagram: https://www.Instagram.com/ActuariesInst↳ Twitter: https://www.twitter.com/ActuariesInst↳ LinkedIn: https://www.linkedin.com/company/792645/↳ Spreaker: https://www.spreaker.com/user/actinst

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