Liability valuation

We provide estimates of outstanding claims for insurers of all types and sizes, and also review estimates in a peer review role.

Finity

Make sound judgements about your business & its liabilities.

Our consultants have unmatched experience in valuing liabilities for insurers and schemes looking to meet regulatory requirements and gain a deeper understanding of their financial performance.

Meet your APRA requirements and gain a deep understanding of your liabilities.

Our advice is clearly communicated so that our actuarial valuations support strategic and operational decisions.

Our approach is crafted to meet your circumstances using:

Cutting edge actuarial methodologies
Robust models to analyse underlying claims processes
In-depth analysis of trends in the experience
Deep industry research by line of business

Abestos liability reserving

Assessing particular exposure profile and circumstances, we conduct valuations of asbestos liabilities and project future claims costs. We:

  • Benchmark your asbestos claims experience against comparable industry portfolios
  • Provide projections that use the most recent industry information
  • Consider changes in disease incidence and trends in the claims, medical and litigation environment
  • Access our deep research insights on asbestos-related disease claims arising from industrial, environmental and product-related exposures.

Risk margins

We regularly advise on suitable risk margins to include in liability provisions for both accounting and regulatory purposes. Our rigorous approach features:

  • A sophisticated methodology that integrates models of independent risk and systemic drivers of risk, as well as capturing the correlations between different sources of risk.
  • Understanding and capturing the impact of tail-risk exposures. 
  • Qualitative considerations.
  • Our extensive hands-on experience coupled with Industry research enables us to provide highly relevant benchmarking of risk margin outcomes for our clients.
Finity takes the time to understand our business and help us to drive improvement.
Lucy Flemming
Coal Services Pty Ltd

Meet some of our specialists

Andy Cohen

Andy Cohen

Principal
Andy Cohen

Andy Cohen

Principal

andrew.cohen@finity.com.au

Ph +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

     

 

Gillian Harrex

Gillian Harrex

Principal
Gillian Harrex

Gillian Harrex

Principal

gillian.harrex@finity.com.au

Ph +61 3 8080 0901

Mobile +61 413 880 733

LinkedIn: https://www.linkedin.com/in/gillian-harrex-90644474/

Qualifications

BEc (ActSc), FIAA, GAICD

Gillian Harrex Director and Principal at Finity. She is an expert in long tail claims including catastrophic injury, motor accident compensation, medical malpractice, workers compensation and redress. She heads up Finity’s Melbourne team and has over 25 years of experience in general insurance. Gillian is a prominent advisor to state insurance schemes and lifetime care. She has worked with a wide range of insurance companies, medical malpractice insurers, statutory authorities, self-insurers and reinsurance companies across Australia. Gillian’s core areas of expertise include financial modelling and reporting, capital management, valuation of insurance liabilities and pricing for long tail classes of business with particular expertise in medical malpractice.

Areas of Expertise
  • Pricing
  • Reserving and portfolio monitoring
  • Medical negligence
  • Life time care
  • Liability
  • Motor injury
  • Workers compensation
  • Mortgage insurance
  • Financial management
  • Government oversight of statutory schemes
  • Capital design and management
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  • Injury and care (Medical indemnity, motor injury, workers compensation and lifetime care)
Estelle Pearson

Estelle Pearson

Principal
Estelle Pearson

Estelle Pearson

Principal

estelle.pearson@finity.com.au

Ph +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
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  • Consulting

Insights to inform & inspire

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