Actuaries In Practice - New South WAles

Large Consulting Firms

Aon
201 Kent Street
Sydney NSW 2000
ashley.j.palmer@aon.com
www.aonhewitt.com.au

Aon supports corporates, superannuation funds, and their most important assets - their people - to solve their most complex issues. This enables Aon clients' employees and plan members to achieve better and more secure outcomes. We deliver value to our clients by mitigating risk and unleashing the untapped potential of their people.

Areas of expertise:

  • Defined benefit funding, accounting and derisking.
  • Independent actuary expert witness.
  • Superannuation provider assessment and market tender services.
  • Benefits and compensation benchmarking and advice.
  • Group life and health insurance consulting and broking services.
  • Data analytics and modelling.
  • Governance, risk and compliance consulting services.
  • Mergers and acquisitions.
  • Board evaluation and organisational governance.
  • Financial advice.
  • Global benefits.

Deloitte Actuaries and Consultants
Grosvenor Place
225 George Street
Sydney NSW 2000
+61 (0) 2 9322 5022
srodger@deloitte.com.au
www.deloitte.com.au

Deloitte’s approach is to partner with clients and transfer knowledge. Deloitte aims to attain and sustain profitable growth and financial stability for clients through insightful strategy and valuable technical analysis.

A combination of disciplines from across the organisation and a broad range of client service teams allows Deloitte to see clearly and deeply into the business of clients, creating greater value for them.

Areas of expertise:

  • Banking.
  • Wealth Management.
  • Life Insurance.
  • Health.
  • General Insurance.
  • Superannuation.
  • Valuations.

EY
Level 33, Ernst & Young Centre
World Square
680 George Street
Sydney NSW 2000
+61 (0) 2 9248 5555
andrew.mead@au.ey.com
www.ey.com.au

EY blends global insight and local knowledge to assist financial services, government and other corporate clients in developing and validating strategies to make sound decisions. EY provides clients with market insights and strategic advice to help them excel in a competitive landscape.

EY has specialists across financial services, including life, general and health insurance, banking, wealth management and superannuation, as well as specialists applying actuarial skills to government, human services, energy and transport. EY’s enduring client relationships are a reflection of a collaborative approach towards enhancing value through improved business performance.

Areas of expertise:

  • Appointed Actuary services – Life and General Insurance; Private Health Insurance.
  • Insurance pricing, valuation, capital and risk management.
  • Wealth management and unit pricing reviews and rectification.
  • Regulatory and compliance guidance and support.
  • Credit, market and operational risk modelling.
  • Energy and treasury risk management.
  • Valuation of derivatives, financial instruments and share based payments.
  • Data mining, data analytics and strategy.
  • Customer targeting, retention and servicing.
  • Human resources, culture and employee behaviour.
  • Workforce analytics, including retention, resource management and leave analysis.
  • Supply chain and process analysis and improvement.
  • Mergers and acquisitions.

Finity Consulting
7/68 Harrington Street
The Rocks NSW 2000
+61 (0) 2 8252 3300
enquiries@finity.com.au
www.finity.com.au

Finity is one of Australia and New Zealand's leading actuarial and management consulting firms. Specialising in general and health insurance, Finity combines deep industry knowledge with rigorous technical analysis to offer innovative and practical advice to a wide range of industry participants. Finity provides Appointed Actuary services to around 36 APRA and RBNZ-regulated insurers and offers a comprehensive range of services to insurance firms, government departments and self-insured businesses.

Areas of expertise:

  • Appointed actuarial services
  • Reserving, pricing, capital and enterprise risk management
  • Strategic guidance
  • Regulatory support
  • Data analytics (analysis of structured/ unstructured data)
  • Customer insights
  • Self-insurance valuation and strategies including Comcare assessments.

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KPMG
10 Shelley Street
Sydney NSW 2000
+61 (0) 2 9335 7000
actuaries@kpmg.com.au
www.kpmg.com.au

Our actuarial services include:

  • capital and risk management;
  • planning and strategy;
  • operations improvement;
  • financial and statistical modelling;
  • appointed/approved actuary;
  • self insurance and risk management;
  • litigation and arbitration support;
  • internal control reviews;
  • financial reporting;
  • reserve review and analysis;
  • pricing and product development; and
  • merger and acquisition support.

The quality of our work reflects the technical competence of our actuaries, access to KPMG’s global resources and our extensive experience gained from advising listed and unlisted companies, multinational enterprises, government entities and leading not-for-profit organisations.

Areas of expertise:

  • General Insurance.
  • Life Insurance and Wealth Management.
  • Health Financing.

Mercer
Darling Park Tower 3
201 Sussex Street
Sydney NSW 2000
+61 (0) 2 8864 6800
contact.australia@mercer.com
www.mercer.com.au

Mercer is a global consulting leader in talent, health, retirement, and investments. Mercer helps clients around the world advance the health, wealth, and performance of their most vital asset – their people. Mercer’s more than 20,000 employees are based in 42 countries, and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy, and human capital.

Mercer’s retirement business works with large employers, superannuation funds, life companies, friendly societies, and other managed investment schemes to help them adapt to regulatory change, implement sound business strategies and innovative products, manage their financial risk, and comply with current legislation.


Milliman Pty Ltd
Level 5, 32 Walker Street
North Sydney NSW 2060
+61 (0) 2 8090 9105
www.au.milliman.com

For more than 60 years, Milliman has pioneered strategies, tools and solutions worldwide. With offices in 52 key locations, Milliman is one of the largest consulting and actuarial firms in the world and is a recognised leader in the markets they serve. Milliman offer specialised consulting services in employee benefits, healthcare, life insurance and financial services and property and casualty insurance. Within these, Milliman consultants serve a wide range of current and emerging markets.

Areas of expertise:

  • Financial risk management.
  • Enterprise risk management.
  • Product development and retirement services.
  • Actuarial services.
  • Strategy consulting.
  • Predictive analytics.

NMG Consulting
Level 22, Grosvenor Place
225 George Street
Sydney NSW 2000
+61 (0) 2 9251 7888
Amy.Tan@NMG-Group.com
www.NMG-Group.com

NMG Consulting (NMG) is a specialist, multinational consultancy focused on the insurance, reinsurance and investment sectors, with capabilities spanning strategy, insights programmes, actuarial, marketing consulting, research and risk solutions. NMG’s sector focus, depth of experience and rigorous approach has helped hundreds of organisations around the world find the right answers to their business issues.

Area of expertise:

  • Actuarial consulting to general insurers including: reserving, pricing, capital management, company valuations and captives strategy consulting on life insurance and wealth management.

PFS (Professional Financial Solutions)
Level 6, Challis House
4 Martin Place
Sydney NSW 2000
+61 (0) 2 9225 6100
info@pfsnet.com.au
www.pfsnet.com.au

PFS is an independent Australian consultancy, providing actuarial and related services in a wide range of fields.

PFS combine the breadth of experience of its actuaries with industry leading expertise in complementary fields, for the benefit of clients. This approach has attracted a broad client base including superannuation funds, insurers, government agencies, charities, industry associations, and corporations.

Areas of expertise:

  • Financial Modelling and Data Analytics.
  • Risk Management.
  • Valuation of Executive Incentives and Remuneration.
  • Superannuation.
  • Insurance.
  • Investments.

PFS is the Australian representative of Abelica Global, a worldwide network of independent actuarial firms. As a member of Abelica, PFS has access to an extensive library of international actuarial contacts and specialised knowledge.


PwC
Tower 2
Sussex Street
Sydney NSW 2000
+61 (0) 2 8266 0000
www.pwc.com.au

PwC has one of the largest actuarial and data analytics consulting teams in Australia. PwC have specialists in a broad range of practice areas including accident compensation, general insurance, life insurance, health and social policy, financial services, superannuation, investments & wealth management. PwC have long standing relationships with many of our clients, which is testament to its rigorous but practical advice, and strong focus on customer service.

Through PwC’s international network, the organisation remains up to date with what is happening globally and throughout the region and can share these insights and expertise with clients.

Areas of expertise:

  • Accident Compensation
  • General Insurance
  • Financial Services
  • Health Actuarial
  • Superannuation
  • Investments & Wealth Management

Quantium
Level 25,
8‑12 Chifley Square
Sydney NSW 2000
+61 (0) 2 9292 6400
adam.driussi@quantium.com.au
www.quantium.com.au

Quantium is Australia’s leading data-driven strategy business and one of the largest employers of actuaries in Australia. Quantium help organisations build value by using data to drive innovation, customer engagement and business performance.

Quantium are widely regarded as Australia’s leading data analytics firm, with over 300 staff advising blue chip brands in categories such as financial services, retail, fast moving consumer goods, telecommunications, media, energy, property and entertainment. Quantium’s general insurance team also works closely with almost all Australian general insurance companies.

Quantium takes pride in helping clients harness the power of their data through sophisticated analytics and easy to use software tools. Quantium also have unique access to de‑identified customer data from partners such as Woolworths, NAB and Foxtel that we can use to deliver unparalleled insights to clients.

Areas of expertise:

  • Big data strategy and solutions
  • Data analytics
  • Customer and marketing strategy
  • Customer relationship management
  • Customer segmentation
  • Customer and product pricing
  • Media analytics and planning
  • Marketing mix modelling & optimisation
  • Appointed actuarial services
  • Capital modelling
  • Competitor and market intelligence
  • Software development

Rice Warner
Level 1
2 Martin Place
Sydney NSW 2000
+61 (0) 2 9293 3700
research@ricewarner.com
www.ricewarner.com

 

Rice Warner is a trusted partner to many successful organisations operating in Australia’s dynamic financial services sector.  Rice Warner’s valued clients include superannuation funds, financial institutions, fund managers, life insurers, administrators, financial planning licensees and providers of financial software.  These clients seek our consulting advice, research on products and markets, as well as our financial technology services.

Areas of expertise:

  • Life insurance.
  • Customer insights.
  • Regulatory support.
  • Superannuation.
  • Appointed Actuary services.
  • Merger and acquisition support.
  • Strategy consulting.
  • Financial technology.

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Taylor Fry
Level 22, 45 Clarence Street
Sydney NSW 2000
+61 (0) 2 9249 2900
sydoffice@taylorfry.com.au
www.taylorfry.com

Taylor Fry is a leading independent consultancy firm providing data analytics and actuarial advice to government and business. They develop a deep understanding of their clients through building long-term relationships and providing personalised service from highly experienced analysts and actuaries. Taylor Fry’s clients receive practical, relevant and customised advice that delivers real value to their business.

Taylor Fry's services include:

  • data analytics - general insurance technical pricing and optimisation, customer insights, portfolio and resource optimisation and competitor intelligence; and
  • actuarial services - insurance liability valuations, social welfare valuation and advice, self-insurance, capital modelling and management, financial condition reports, budgeting and monitoring, policy analysis and scheme design.

Taylor Fry’s clients include insurers and reinsurers of all sizes, state and federal accident compensation schemes, self-insurers, state and federal governments, banks, telecommunications, and retail and energy sector companies.

Areas of expertise:

  • Data analytics.
  • General insurance.
  • Accident compensation.
  • Self-insurance.
  • Social welfare.

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Willis Towers Watson
123 Pitt Street
Angel Place, Level 16
Sydney, New South Wales 2000
+61 (0) 2 9285 4000

Willis Towers Watson is a leading global actuarial, advisory, broking and solutions company. In Australia, Willis Towers Watson brings the benefit of long and deep actuarial experience to its clients across financial services, including superannuation (both defined benefit and defined contribution), investment, banking, insurance and re-insurance.  Services encompass strategic, design and operational issues with a focus on modelling and harnessing of data. Our digital solutions team develops tools and technologies for the financial services industry underpinned by rigorous actuarial assumptions and insights.

Our areas of expertise include:

  • Actuarial valuations of defined benefit super arrangements
  • Post retirement product design and strategy advice
  • Insurance design and strategy for super funds
  • Modeling fund membership, assets and cash-flow projections (Willis Towers Watson’s Fund Navigator tool)
  • Super fund data analytics
  • Investment governance, strategy and manager selection
  • Actuarial valuations of long service leave, share options and other employee benefits
  • Life insurance financial regulatory reporting
  • Risk and capital management
  • Mergers and acquisitions advice
  • Financial modelling, including asset/liability modelling
  • Web based member calculators and tools

Other Consulting Firms

ALEA Actuarial Consulting
Suite 1002, Level 10
50 Clarence Street
Sydney NSW 2000
+61 (0) 2 9299 3491
reception@aleaactuarial.com
www.aleaactuarial.com

ALEA Actuarial Consulting Pty Ltd (ALEA) is an independent consulting firm that provides actuarial and other services to a broad range of clients. The ALEA team offers a well-balanced set of skills to provide commercial and practical solutions to a range of actuarial and financial problems whilst meeting clients’ needs in a timely and efficient manner.

Areas of expertise:

  • Superannuation arrangements.
  • Employee benefits.
  • Litigation valuations/assessments.
  • Financial modelling.

Berry Actuarial Planning
Suite 2.01, Level 3
3 Carlingford Road
Epping NSW 2121
+61 (0) 2 8876 2999
mark.berry@berryplan.com.au
www.berryplan.com.au

Berry Actuarial Planning provides financial planning advice utilising the skills of actuaries and accountants, to empower clients to be engaged and in control of their own financial affairs.

Areas of expertise:

  • Financial planning.
  • Self-Managed Super Funds.
  • Taxation services.
  • Actuarial services.

CHR Consulting Pty Ltd
Level 3, 2 Martin Place
Sydney NSW 2000
+61 (0) 2 9233 4300
jeffh@chrc.com.au
www.chrc.com.au

CHR Consulting offers the following services:

  • benefit design for superannuation funds including death and disability benefits;
  • undertaking tenders for service providers in relation to administration (master trust and industry fund services) and insurance services;
  • actuarial valuations (triennial, special purpose);
  • actuarial certificates (pension, benefit, funding & solvency, surcharge);
  • member benefit calculations;
  • transfer values (conversion to accumulation);
  • accounting standard valuations eg AASB119;
  • valuations for deferred remuneration liabilities of companies eg long service leave; and
  • general actuarial advice.

CHR operates under an Australian Financial Services Licence that authorises financial services provision to retail and wholesale clients, financial product advice and dealing in a financial product in respect of a range of classes of financial products including superannuation and life products.

Areas of expertise:

  • Group insurance.
  • Defined benefit funds.
  • Pension certificates for SMSFs.
  • Loyalty programmes.
  • Consumer credit.
  • Valuation of long-service leave and other employee entitlements.

COMBUS Pty Ltd
PO Box 860
Moss Vale NSW 2577
+61 (0) 2 4868 2451
contact@combus.net
www.combus.net

COMBUS Pty Ltd helps insurance companies quantify and manage their large scale risk to natural and man-made disasters, such as cyclones (hurricanes/typhoons), earthquakes, tsunamis, floods, hail, fire and terrorism. Their primary regions of operation are Australia, New Zealand and Asia Pacific.

COMBUS clients consist of insurers, reinsurers, corporations, government agencies, catastrophe modelling firms, reinsurance brokers and consultants.

Areas of expertise:

Catastrophe model development

  • Solutions for non-modelled perils.
  • Modelling of losses at low return periods.
  • Industry exposure databases.
  • Realistic Disaster Scenario analysis.
  • Terrorism loss modelling.

Model evaluation and use

  • Interpretation and use of vendor model results.
  • Quantification and understanding of model uncertainty.
  • Assumption testing and sensitivity analysis.
  • Risk pricing including catastrophe loadings.
  • Concentration risk pricing and portfolio growth strategy.

Reinsurance and Risk Management Communications

  • Reinsurance pricing and optimisation.
  • Reinsurance cost allocation.
  • Reinsurer communications.
  • Regulatory capital and Insurance Concentration Risk Charge (ICRC) advice.
  • Interaction with Internal Capital Adequacy Assessment Processes (ICAAP).

DBN Actuaries Pty Ltd
Suite 1105
Level 11, 5 Hunter Street
Sydney NSW 2000
+61 (0) 2 8223 0500

Insights@dbnactuaries.com.au
www.dbnactuaries.com.au

DBN Actuaries provides actuarial advice and strategic insight to the private health insurance sector.

Areas of expertise:

  • Financial condition reporting.
  • Strategy.
  • Capital and risk management.
  • Market entry.
  • Pricing.
  • Product and benefit design.
  • Experience analysis.
  • Risk equalisation.
  • Demutualisation.
  • Self-insurance valuation and strategies including Comcare assessments.

Heffron Consulting Pty Ltd
1/27 Bulwer Street
Maitland NSW 2320
+61 (0) 2 4930 2100
heffron@heffron.com.au
www.heffron.com.au

Heffron is able to meet the needs of SMSF professionals using Class, BGL or any other software package looking for both account-based and defined benefit pension actuarial certificates. Heffron's actuarial certificate service offers flexibility, fast turn-around, technical input and competitive pricing.

Area of expertise:

  • Account-based and defined benefit SMSF pension actuarial certificates.





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Noyce Consulting Pty Ltd
33 Norfolk Avenue
Collaroy NSW 2099
+61 435 250 501

matt@mattnoyceconsulting.com.au
www.mattnoyceconsulting.com.au

<p_rdeditor_temp="1">Matt Noyce provides actuarial consulting services to insurers and reinsurers within the Australian Life Insurance market and broader business community. Whilst a broad range of actuarial support is offered, the main areas of expertise within Life Insurance include:

 

  • pricing and product development within group risk, retail advice and direct life insurance;
  • reinsurance - managing reinsurance tenders for life insurers and preparation of quotations for reinsurers;
  • group risk - preparing insurers’ tenders for industry funds and mastertrusts;
  • managing actuarial teams;
  • experience analysis of existing portfolios;
  • capital management and reserving;
  • actuarial modelling;
  • risk management;
  • mergers and acquisitions; and
  • modelling longevity.

 

Some of examples of ‘topical’ areas where Noyce Consulting provides assistance include:

  • retention management within retail advice;
  • determining the adequacy of reserves for group risk business and ensuring sustainable pricing;
  • assisting companies to assess the impact of the new Life Insurance capital standards; and
  • assist businesses outside the life insurance sector to solve particular problems.

Areas of expertise:

  • Life insurance.
  • Reinsurance.
  • Pricing and product development.
  • Managing actuarial teams.
  • Capital management.
  • Risk management.



SKL
Suite 5, Level 2
67 Castlereagh St
Sydney NSW 2000
+61 (0) 2 8022 8577
info@sklactuarial.com.au
www.sklactuarial.com.au

SKL is a specialist actuarial recruitment firm operating across Australia, New Zealand and Asia.

SKL recruits at all levels from Chief Actuary to junior analyst and for all roles where actuarial and quantitative skills are highly valued. Bringing a deep knowledge of the market, including technical expertise, very strong networks in the profession and a consultative approach, SKL provide realistic advice about the market, industry and prospects and are committed to sharing their knowledge and experience to achieve the best outcome.


Sole Practitioners

David A Zaman Pty Ltd
+61 (0) 4 2524 4804
dzaman@zaman.com.au
www.zaman.com.au

David Zaman has run his own consulting practice since 1985. As a sole practictioner, he provides advice to large and small entities, in the public and private sectors.

Area of expertise:

  • Self-insurance, specifically workers compensation, and risk analysis of sick leave, long service leave etc.


Herbert Chan Associates Pty Ltd

+61 (0) 4 3183 2330
Herberttwchan@gmail.com 
https://www.linkedin.com/in/herbert-chan-b06b092b/

Herbert Chan was born and raised in Hong Kong before coming to Sydney in 1979. He has had extensive experience at MLC Life Insurance, AXA (then Sentry Life), Office of the Australian Government Actuary, Insurance and Superannuation Commission, MIRA Consulting, Munich Re and Matthew Poon and Associates. As a devout Christian, Herbert is willing to provide free service (with expenses recovery) to Christian churches and selected charity groups. 

Able to speak English, Mandarin and Cantonese.

Area of expertise:

  • Insurance (Life and General)
  • Retirement schemes
  • Insurance regulation and supervision
  • Actuarial and accounting interfacing
  • Expert witness
  • Hong Kong SAR Governement 
  • Government actuarial advice

Life Settlement Analytics
5/105 Ferry Rd
Glebe NSW 2037
+61 (0) 4 1168 9955
ransoneric@gmail.com
www.collegiateic.com

Eric Ranson provides services around longevity assets. These rangr from strategy, pricing, underwriting and cash flow projection to efficient structuring. Funding advice and solutions are also offered.

Areas of expertise:

  • Life settlements and high yielding assets.
  • Securitisation and structured finance.

M.A. Stevenson & Co. Pty Ltd
16/1 Murray Street
Pyrmont NSW 2009
+61 (0) 4 1457 0847
mstevenson.fiaa@gmail.com

Martin Stevenson works with all aspects of superannuation: actuarial, investments, insurance, governance, product design, strategy, financial condition reports and business modelling. All types of superannuation funds (other than SMSFs) covered including public sector, private sector, industry, retail and corporate.

Areas of expertise:

  • Superannuation.
  • Management advice.
  • Expert witness.

Peter Carroll
Unit 4, 8 Allen Street
Waterloo NSW 2037
+61 (0) 2 9699 8764
peter@petercarroll.com.au

Peter Carroll has specialised in all aspects of strategy and actuarial management in the Australian private health insurance market since 1989.

Peter provides the following services:

  • strategic advice on private health insurance for institutions, investors and governments;
  • actuarial problem diagnosis and solutions and financial crisis management;
  • competitive analyses, product design and pricing, experience analysis and monitoring;
  • capital and investment reviews, financial condition reports and actuarial certifications;
  • financial and demographic modeling for health insurers, providers, developers and financiers; and
  • presentations to directors, senior managers and staff, conferences and consumer groups.

Area of expertise:

  • Health insurance.

Thomson Actuarial
46 Hull Road
Beecroft NSW 2119
+61 (0) 2 9980 6625
thomsons@bigpond.com

Bruce Thomson, of Thomson Actuarial, is a suburban actuary. Ready to do your small jobs and explain them, Bruce has a motto of using common sense rather than complicated theories and does work in expert witness and life interests.

Areas of expertise:

  • Life insurance.
  • Funeral funds.
  • Small super funds.
  • Financial calculations.