Actuaries In Practice - Victoria

Large Consulting Firms

 

Aon 
80 Collins Street
Melbourne VIC 3000
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
550 Bourke Street
Melbourne VIC 3000
+61 (0) 3 9671 6572
cbennet@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 23
8 Exhibition Street
Melbourne VIC 3000
+61 (0) 3 9288 8000
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
Level 3, 30 Collins Street
Melbourne VIC 3000
+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.

Mercer
727 Collins Street
Melbourne VIC 3000
+61 (0) 3 9623 3000
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.


PwC
Freshwater Place
2 Southbank Boulevard
Southbank VIC 3006
+61 (0) 3 8603 1000
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.

 

Taylor Fry
Level 27, 459 Collins Street
Melbourne VIC 3000
+61 (0) 3 9658 2333
melboffice@taylorfry.com.au
www.taylorfry.com.au

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.

Towers Watson Australia Pty Ltd
Level 23, 55 Collins Street
Melbourne VIC 3000
+61 (0) 3 9655 5222
andrew.boal@towerswatson.com
www.towerswatson.com/australia

Towers Watson provides a wide range of services to superannuation funds that cover all actuarial, strategic, design and operational issues they are likely to face. This now includes calculators and education tools, as well as various ways to model and harness member data. Towers Watson risk consultants specialise in providing consulting services to life and health insurers, wealth managers and banks, including, financial regulatory reporting, risk and capital management, M&A advice, product and marketing strategies and financial modelling software.

Towers Watson investment consultants provide a range of advisory services to institutional investors, superannuation funds and government bodies covering investment strategy, policy and governance, manager evaluation, selection and monitoring, and portfolio construction.

Areas of expertise:

  • Superannuation and actuarial services.
  • Risk consulting and software.
  • Investment consulting.
  • Organisational surveys and insights.
  • Executive compensation.


Quantium Logo 

Quantium
Level 10,
271 Collins St,
Melbourne VIC, 3000
Phone: +61 3 8602 0100
quantium.com

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.

Other Consulting Firms

Actuarial Edge
P.O. Box 2554
Kew, VIC 3101
+61 (0) 4 0209 5724
+61 (0) 4 2122 3710
niki@actedge.com.au
amanda@actedge.com.au
www.actedge.com.au

Actuarial Edge is an independent consulting firm that provides high value, personalised actuarial services. Actuarial Edge pride themselves on fostering strong relationships with their clients and developing a deep and thorough understanding of their businesses. They combine rigorous analytical expertise with strong business acumen to provide meaningful and achievable solutions to their client’s business challenges.

Areas of expertise:

  • Accident compensation.
  • Health and General insurance (valuations, pricing, performance improvement).
  • Self insurance (feasibility assessments, valuations, claims monitoring).
  • Data analytics and strategy

Cause Way
2D Prospect Hill Road
Melbourne VIC 3124
0401 680 767
hadyn@causeway.org.au
www.causeway.org.au

Cause Way is an actuarial consulting firm, regarded by its clients as providing best-in-class pricing, capital, forecasting, data and relational services. We try to differentiate from others, in the way that we link our technical work to strategic thinking, and to the 'cause' of our client. We aim to be outstanding thinkers and communicators. We have a strong record of close to 100% client retention.

Cause Way is a not-for-profit social enterprise, with a business model to do 70% commercial work at market rates and 30% social sector work at half-rates, with a goal to open up the possibility of using actuarial services in the third sector. Thus, our commercial clients, as well as receiving industry-leading actuarial services, are contributing to making a difference in the world via the work of our NFP clients.

Areas of expertise:

  • Pricing - technical, competitor and strategic 
  • Capital modelling and management 
  • Liquidity modelling and management 
  • Forecasting and GLMs 
  • Relational capital analytics 
  • Integrated reporting 
  • Insurance, superannuation, aged care, NFPs and charities


Colin Grenfell
27 Lilian Street
Glen Waverley VIC 3150
+61 (0) 3 9886 1981
colin.grenfell@supereasy.com.au
www.supereasy.biz

Colin Grenfell provides stochastic and historical investment simulations using up to 54 years investment performance data. His simulations cover:

  • growth securities - Australian shares, international shares (hedged and unhedged), property trusts and direct property;
  • interest income - Australian fixed interest, international fixed interest (hedged), government semis (zero to three years), inflation linked bonds and loans/corporate credit; and
  • financial indicators - CPI (price inflation), AWOTE (wage inflation), 90‑day bill rates, 10-year bond rates and cash.

Area of expertise:

  • Simulation of investment performance.

Haintz Actuarial Services Pty Ltd
1302/480 Riversdale Road
Hawthorn East VIC 3123
+61 (0) 3 9882 6669
ahaintz@bigpond.net.au
www.haintzactuaries.com.au

Haintz provides advice to a range of clients, including self‑managed super funds (SMSFs), solicitors and financial institutions. Haintz’s principal activity is the preparation of actuarial certificates for SMSFs that provide account-based pensions and/or defined benefit pensions.

Other areas of speciality include:

  • defined benefit superannuation;
  • Family Law superannuation; and
  • valuation of life interests.

Haintz also has considerable experience in financial modelling and projections. Examples of work done in this area include:

  • cash flow projections for retirement funds;
  • the calculation of long service leave liabilities;
  • the building of financial calculators for superannuation funds; and
  • the determination of the present values of amounts payable to beneficiaries under a will.

Areas of expertise:

  • Self-Managed Super Funds (SMSFs).
  • Long service leave.
  • Financial projections.

McGing Advisory & Actuarial
Level 13, 160 Queen Street
Melbourne VIC 3000
+61 (0) 3 8199 9984
service@mcging.com.au
www.mcging.com.au

McGing Advisory & Actuarial is an independent boutique consultancy led by Sean McGing and Neekhil Shah. We provide a customised service to directors, executives, and their teams in identifying, assessing and implementing practical strategies needed to deliver operational improvements and optimise growth. 

Since 2010, we have been translating our insights and experience across a wide range of industries including superannuation, wealth management, friendly societies, life insurers, risk management, investment consulting and governance into professional consulting service offerings.

Our team has extensive experience in corporate advisory and the day-to-day experience of running a business. We pride ourselves on our calm, pragmatic approach which focuses on independent advice for resolution of business challenges and issues, legislative updates and ongoing governance and compliance.  

Our services and areas of expertise are divided into 7 broad categories as follow: 

  • Actuarial 
  • Superannuation and wealth management 
  • Life insurance 
  • Investment
  • Unit pricing 
  • Expert evidence
  • Risk management including climate change

Sole Practitioners

Frank Funder
12 Mayston St
Hawthorn East, VIC 3123
+61 (0) 4 2789 8123
ffunder@bigpond.net.au

Frank Funder has consulted to Queensland corporations that have self-insured their Workers Compensation Liabilities, since such self-insurance was made possible in 1998. He currently provides consultant services to eight self-insurers in Queensland.

Area of expertise:

  • Self Insurance of Workers Compensation Liabilities under Q-COMP in Queensland.

Phil Stott Consulting
PO Box 155,
Park Orchards VIC 3114
+61 (0) 3 9879 0765
ps_consult@bigpond.com

Phil Stott Consulting is a boutique consultancy firm, offering contract actuarial services, (specifically life insurance) plus consulting services in a range of wider fields areas.

Areas of expertise:

  • Life insurance.
  • Expert witness work.
  • Spreadsheets.
  • Documentation.
  • Wider fields.