Finity’s dedicated self insurance team works with 30+ self insurers covering workers compensation, public liability, professional indemnity, medical malpractice, property and motor.
Finity’s experienced consultants have helped assess the cost and most efficient level of self insurance for companies in a wide range of industries.
Finity’s continuing research and development means that you are kept informed about the changing self insurance market place through newsletters and presentations at self insurance seminars.
We'll work with self insurers of all sizes to help reduce claims costs and to satisfy your accounting and regulatory requirements.
- Liability valuations
- Bank guarantee calculations
- Management reports
- Feasibility studies
- Comcare self insurance assessments
- Advice regarding captives
- Allocation of costs between business units
- Claim reviews
- Advice to electricity distribution & transmission networks
- Child Sexual Abuse Redress Scheme
- Performance monitoring
We provide clear, concise and easy to read reports. We help improve claims experience through better understanding of the key drivers of claim costs.
We also keep our clients up-to-date in the changing self insurance market. Read our self insurance publications.
- DHL Supply Chain
- Primary Health Care
- Joss Group
- The Star
- Virgin Australia Airlines
- Wilson Security
Myer names Finity Consulting their Professional Services Firm of the year
Myer named Finity its Professional Services Firm of the Year 2017 at the department store retailer’s annual Supplier of the Year awards – designed to recognise brands, merchandisers, designers and business partners who supply the company.
Case study / Review of insurance arrangements
Finity helped a large infrastructure business analyse the total insurance cost for two alternative insurance programs.
The alternative Ontario commercial insurance program has a much lower premium than the existing program, but it has a higher deductible so the cost of claims retained by our client is higher.
The chart shows that when the claims experience is “average” or “good” then the alternative insurance arrangement will turn out to be the lowest cost option. This means the cost of claims retained by the client plus the new premium will be lower than the cost of the existing arrangements.
However, in those years when the claims experience is “poor” (and there will be those years), then the alternative arrangement is significantly more expensive than the existing program.
By understanding the trade-off between lower premiums and greater uncertainty in their retained costs, this analysis helped our client select an insurance arrangement which suited their specific circumstances and their risk appetite.
Our R&D means you are kept informed of the changing self insurance market.
Talk to us about self insurance
We are the actuaries for large multi-state self insurers, employers under the Comcare scheme, state councils and employers who need advice regarding the feasibility of self insurance or the optimal level of insurance.