ICAAP best practice for insurers
Gae Robinson, our resident ICAAP expert, shares her passion for ICAAP in this preview of her present...
Actuarial expertise
A comprehensive suite of actuarial consulting services. Our team provide world-class technical skills and professional advice across a wide range of business challenges.
The largest provider of actuarial consulting services
With 150+ actuarial staff we are Australia and New Zealand’s largest group of consulting actuaries, and in particular the largest in General Insurance and Private Health Insurance.
Harness the power of the actuarial skillset
Each year our team of actuaries help hundreds of organisations navigate their complex business challenges. Our training combines statistical and economic modelling with a focus on forecasting future events and understanding risks and uncertainty.
The discipline of the actuarial control cycle - analysis, modelling, forecasting and testing – underpins our work and is embedded in how we approach problems and communicate our advice. When combined with the deep domain knowledge our people bring Finity is uniquely positioned to unlock the power of the actuarial skillset for its clients.
We provide actuarial services for
Government departments & agencies
Federal, state and localPrivate sector insurers
From the smallest underwriting agency to the large diversified market leadersBoards & executives across the organisation
CEO, CFO, COO, CRO and CUOManagers across the organisation
Pricing, reserving, reinsurance, risk, capital, claims and productIn-house actuarial & analytics team
Climate & sustainability teams
Looking to navigate climate risk mitigationCorporates & other non-government organisations
who self-insure their risksAny organisation that requires the discipline of actuarial forecasting & analytics
to underpin business decisions.
Leading actuarial services
Actuarial services have been the core of our business since we first started in 2005. Today, these skills are being applied across a wide range of market sectors beyond insurance, including automotive, climate, banking and health.
High quality advice
Finity is committed to providing actuarial advice that is of high quality, clearly communicated, commercial, practical and actionable. We always want our advice to add value to your organisation, and to achieve this we will collaborate and engage closely throughout a project to ensure we understand your business.
Practical outcomes
We are naturally curious, we are interested in more than just building the best models; we want to understand why your business’ performance is changing and how this might relate to operational or environmental aspects. Ultimately we want to leave you with valuable insights and an understanding of how to improve your business.
Meet some of our specialists
Andy Cohen
PrincipalAndy Cohen
PrincipalPh +61 2 8252 3346
Mobile +61 423 519 139
LinkedIn: https://www.linkedin.com/in/andy-cohen-105b9515/
Qualifications
BSc, FIAA
Andy Cohen is a Director and Principal of Finity and has over 30 years’ experience in the general insurance industry. He is or has been the Appointed Actuary to 14 insurance and reinsurance companies.
Andy has extensive experience in a wide variety of insurance classes including workers’ compensation, public liability, lenders mortgage insurance, trade credit insurance, professional indemnity and reinsurance.
He provides advice on reserve levels, pricing, financial projections, capital management and reinsurance strategy.
Areas of Expertise
- Appointed Actuary services
- Workers compensation
- Reinsurance
- Professional indemnity
- Lenders mortgage insurance
- Extended warranty
Talk to me about
- Appointed Actuary & Reserving
- Industry-based mutuals, specialised insurers, self-insurance
- Appointed Actuary & Reserving
- Capital management
Estelle Pearson
PrincipalEstelle Pearson
PrincipalPh +61 2 8252 3331
Ph +61 (419) 420 079
Qualifications
BA (Oxon), FIAA
Estelle is a Director at Finity and is one of the leading actuaries in Australia. She has worked on a number of high profile assignments over the last decade, including acting as the actuarial advisor to the Royal Commission into Institutional Responses to Child Sexual Abuse. She has worked in general insurance for over 30 years and has wide experience across both personal and commercial classes of business including reserving, pricing, strategic and regulatory issues. In 2012 Estelle was named Actuary of the Year.
Areas of Expertise
- Liability, Professional Indemnity, CTP, Workers Compensation, Medical Negligence, Mortgage Insurance
- Pricing, reserving and portfolio monitoring especially for long tail classes
- Scheme design and regulation of CTP and Workers Compensation
- Market entry and product entry strategy
- Insurance licence application
- Insurance licence transfers and schemes of arrangement
- CSA liability expert
Talk to me about
- Consulting
Scott Collings
Principal & Managing DirectorScott Collings
Principal & Managing DirectorPh +61 2 8252 3378
Mob: +61 418 451 425
LinkedIn: https://www.linkedin.com/in/scott-collings-0b88359b/
Qualifications
BE (Hons), FIAA
Scott is a Principal and the Managing Director of Finity Consulting with over 30 years of experience in general insurance. He is a consulting actuary specialising in the financial and strategic management of General Insurance companies and Accident Compensation Schemes. Scott has been responsible for delivering actuarial advice across the spectrum of general insurance products with particular emphasis on reserving, pricing and capital management advice. His key focus areas include Appointed Actuary roles and leadership of Finity's Capital and Risk Management practice.
Areas of Expertise
- Financial management of general insurance businesses
- Appointed Actuary – reserving and financial condition reporting
- Capital management and internal capital models
- Capital allocation and portfolio performance monitoring
- Business plan development
- Investment strategy
- Reinsurance program design
- Product expertise in Lenders Mortgage Insurance, Public Liability, CTP, Commercial Motor, Medical Indemnity, SME Business Packages, Builders Warranty, Retail Warranty and Multi-Peril Crop Insurance
Talk to me about
- Capital & risk
- Internal capital models
- Asset return & economic modelling
- Reinsurance strategy
- Capital allocation
- Investment strategy
- Enterprise Risk Management
Our actuarial team
Finity has around 30 Principals who are Fellows of the Institute of Actuaries of Australia (or equivalent). Our Principals are supported by over 120 Fellows and Associate actuaries. Our actuarial team works side-by-side with our management consultants, statisticians, data and software engineers and AI specialists to give our clients access to the broadest skillset needed.
"Finity has by far the largest team of consulting actuaries in Australia and New Zealand. Our scale brings an unrivalled depth of technical and subject matter expertise capable of the most innovative problem solving. Our collective experience readily translates into deep insights relevant to your business needs"
Insights to inform & inspire
OptimaLite 2021
OptimaLite is an easy-to-read summary of the recent performance of the General Insurance industry in...
Explore the product range inspired by our actuarial & industry expertise
Innovative products. Practical insights. Infinite possibility.
Powered by smart, results-oriented people with unrivalled depth of industry experience, we can provide a unique perspective across a wide range of business challenges.
Contact us