Mark is a Principal with Finity with almost 20 years experience in the general insurance industry. Mark is leader of Finity’s self insurance practice. His general insurance experience includes outstanding claims reserving and providing advice to organisations with regard to their insurance arrangements.

Mark Hurst

  Ph +61 2 8252 3358

   Mobile +61 402 425 462

Areas of Expertise

  • Self Insurance
  • Captives
  • Electricity Market
  • Workers Compensation

Qualifications

  • Fellow of the Institute of Actuaries of Australia, 2001
  • Bachelor of Economics and Science degrees from the Australian National University, 1987

Work History

  • March 2005 to present: Finity Consulting (Principal from 2007)
  • 2000 to 2005: Trowbridge Deloitte – Consultant
  • 1989 to 2000: Trowbridge Consulting – Consultant
  • 1988 to 1989: Trowbridge Tillinghast – Analyst

Description of Relevant Experience

Mark is a Principal with Finity with almost 20 years experience in the general insurance industry.

Mark is leader of Finity’s self insurance practice. His general insurance experience includes outstanding claims reserving and providing advice to organisations with regard to their insurance arrangements.

Mark has been involved in a variety of projects for self insurers including:

  • Valuation of outstanding claim liabilities (all classes) for both self insurers and captives
  • Calculation of bank guarantees
  • Examining the feasibility of organisations considering self insuring liabilities (mostly workers compensation)
  • Providing advice to self insurance pools regarding funding and outstanding claim liabilities (public/products liability, ISR, motor)
  • Advice to electricity distribution and transmission companies regarding the cost of self insured risks as part of the revenue determination to the AER
  • Advice regarding the most cost-effective mix of self insurance and insurance
  • Allocation of costs between operating divisions
  • Assistance with self insurance licence applications
  • Development of key performance indicators and management reports
  • Analysis of the volatility of claims experience and profits under self insurance
  • Advice regarding risk margins.