![Page 1: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/1.jpg)
Not for OstrichesDeveloping New Actuarial Products and Services
Sally Bridgeland, Hewitt Bacon & Woodrow
1 December 2003
Moat House, Glasgow
![Page 2: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/2.jpg)
Not for Ostriches …
What would you do if you were laid off tomorrow?
What do filmmaking and pension funding have in common?
Where would you rather be using your skills?
… but for hedgehogs?
![Page 3: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/3.jpg)
Open your Minds
Put your hand up if you believe you will be doing the same job in:
Twenty years’ time Ten years’ time Five years’ time Two years’ time One year’s time
![Page 4: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/4.jpg)
RED
GREEN
BLUE
PINK
Open your Minds
![Page 5: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/5.jpg)
HARE
TORTOISE
OSTRICH
HEDGEHOG
Open your Minds
![Page 6: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/6.jpg)
RED
GREEN
BLUE
PINK
Open your Minds
![Page 7: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/7.jpg)
A True Story
One upon a time…when I was 30
From Scheme Actuary… to a job that didn’t exist
Happily ever after … until next year
… and always an actuary
![Page 8: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/8.jpg)
The Hedgehog Concept
What are actuaries deeply passionate about?
What can actuaries be best in the world at?
What drives actuaries’ economic engines?
![Page 9: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/9.jpg)
Over to you
On your own Your hedgehog
In groups The actuarial
profession’s hedgehog
Report back
![Page 10: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/10.jpg)
Some Rules for Brainstorming
Be lateral Be more lateral Don’t stop to judge or criticise your
ideas Build on other people’s ideas Write everything down
… be inspired
![Page 11: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/11.jpg)
“The future, according to some scientists, will be
exactly like the past, only far more expensive”
John Sladek
Making Financial Sense of the Future
![Page 12: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/12.jpg)
“The future is not set. There is no fate but what
we make ourselves”John Conner
Making Financial Sense of the Future
![Page 13: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/13.jpg)
“The future belongs to those who prepare
for it today”Malcolm X (1925 - 1965)
Making Financial Sense of the Future
![Page 14: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/14.jpg)
“We cannot always build the future for our youth,
but we can build our youth for the future”
Franklin D. Roosevelt(1882 - 1945)
Making Financial Sense of the Future
![Page 15: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/15.jpg)
“The future belongs to those who dare”
Unknown
Making Financial Sense of the Future
![Page 16: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/16.jpg)
“Those who stare at the past have their backs turned to the future”
Unknown
Making Financial Sense of the Future
![Page 17: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/17.jpg)
“The future is much like the present, only longer”
Don Quisenberry
Making Financial Sense of the Future
![Page 18: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/18.jpg)
“The best way to predict the future is to invent it”
Alan Kay
Making Financial Sense of the Future
![Page 19: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/19.jpg)
What are you
deeply passionate about?
What can you be
best in the world at?
What drives your economic engine?
Hunt your own Personal Hedgehog
![Page 20: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/20.jpg)
What are actuaries deeply passionate
about?
What can actuaries be best in the world
at?
What drives actuaries’ economic engines?
Hunt the Actuarial Hedgehog
![Page 21: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/21.jpg)
Film-Making?
More passionate than pensions
Lots of data Lots of uncertainty Big budgets
![Page 22: Not for Ostriches Developing New Actuarial Products and Services Sally Bridgeland, Hewitt Bacon & Woodrow 1 December 2003 Moat House, Glasgow](https://reader035.vdocument.in/reader035/viewer/2022062518/56649f155503460f94c2a2fa/html5/thumbnails/22.jpg)
The End
For more about hedgehogs read Chapter 5 of “Good to Great” by Jim Collins
Thanks to Hewitt Bacon & Woodrow