Rely on our actuaries to simplify complexity. Established in 1980, Accurium provides a range of services to accountants, financial advisers, lawyers, and financial institutions. Accurium’s actuaries have specialised expertise in superannuation and retirement with a deep understanding of Australia’s retirement income system, superannuation valuation techniques, and actuarial modelling. We are also Australia’s largest supplier of actuarial certificates for self-managed superannuation funds (SMSFs).
We offer reliable actuarial consulting services and valuations across a wide range of areas where an analytical analysis or assessment is required. Our services for financial professionals include life interest valuations, income stream valuations, and SMSF complying pension restructuring reports, and for larger institutions we offer services in respect to retirement income research, product development and strategies, modelling reviews and testing, and calculator and education tool development. At Accurium we leverage high quality systems, processes, practices, and risk management strategies and use the latest technology to make the complex simple, building scalable, practical tools and calculators to help your business.
Area of expertise:
- SMSF actuarial certificates.
- SMSF defined benefit pensions.
- Life interest valuations.
- Income stream valuations and restructures.
- Retirement income strategies and tools.
- Lifetime income streams.
- Actuarial modelling and testing.
- Calculator development and client engagement.
- Professional development, education, and training.
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 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.
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 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 (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 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:
- Actuarial
- Governance
- Risk Management
- Health
- Executive Remuneration
- Superannuation
- Supervisory
- Insurance
- Finance
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 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 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.
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.
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
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 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 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 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.
<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 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.
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
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.