Finity is excited to announce it has acquired dbn actuaries, a specialist private health insurance actuarial firm based in Sydney.
dbn provides Appointed Actuary services to a large number of Australian private health insurers. Merging the dbn business with Finity's established PHI team will significantly increase the depth of expertise available to both Finity's and dbn's clients.
"Building more scale in the PHI consulting market through this acquisition positions Finity well to deliver an even broader range of actuarial and analytical services tailored specifically to the needs of Australian health insurers. The environment for our PHI clients is a challenging one given the evolving expectations of customers, regulators and other stakeholders. Our goal at Finity remains the same - to deliver insights and strategic capabilities which support our clients as they innovate and grow. The dbn team bring an impressive set of skills to Finity and we are very excited to be working alongside them," said Finity Managing Director, Scott Collings.
"Finity's health insurance team have been respected peers of dbn for many years. Finity is a natural fit for dbn, mirroring many of our working philosophies to empower insurers with the practical yet deep insights that actuaries provide," added David Torrance, Director, dbn actuaries.
Finity will also be further strengthening their PHI team with the addition of Andrew Matthews, who was most recently Chief Actuary at Australia's largest health insurer Medibank Private.
The dbn team joins Finity's Sydney office on October 1st, while Andrew will join the Melbourne office in November.