Injury & Care Schemes
Finity’s accident compensation and disability specialists are experts in deeply understanding the dynamics of injury schemes.
Rather than just giving you the numbers, we consider the environment and your needs to provide you with practical and real-world recommendations.
Strategic, technical advice for injury & care providers
We provide strategic advice, monitoring solutions and data analytics to insurers, schemes, regulators, government departments and insurers across compulsory third party, workers’ compensation, lifetime care and disability classes.
Finity is the Scheme Actuary to ten government insurers and/or regulators, providing the full suite of actuarial reviews and scheme design. We are the professional services provider of choice for insurers with asbestos-related disease liabilities.
Data analytics & best practice claims management
Our market leading actuarial and analytical consultants can find unique insights that are embedded deep within your scheme to transform your data into actionable business decisions.
We work with injury and care schemes to:
- Develop claims triage models to stream claims into different risk bands aligned with available staff
- Build individual claim models based on the claimants’ characteristics and history
- Identify claims that are at risk of never returning to work and claims that have a high risk of pursuing common law, for targeted intervention from experienced claims
- Benchmark service provider effectiveness and operational outcomes, to improve the value delivered by providers as well as identify those providers who are best at getting injured workers back to work faster.
We look beyond the numbers
Valuation of liabilitiesGain a deep understanding of cost drivers and their potential impact on your business. Build models of individual life time care needs.
Pricing, relativities and experience ratingDevelop pricing solutions at both the aggregate level and individual risks. Our pricing specialists offer a full service that meets regulatory requirements and bespoke requests.
Monitoring and claim trendsIn depth analysis of claims trends, both for whole-of-scheme and for individual portfolios or insurers, benchmarking your claims experience and providing practical insights into the drivers of experience.
Scheme designWorking closely with scheme management, regulators and industry bodies to understand the environment, stakeholders, claimant behaviour and costs, we assist in designing, costing and implementing alternative legislative solutions.
Mental health claims specialists
We combine our actuarial expertise and analytics with specialist knowledge of claims and underwriting practices. We have extensive experience providing practical actionable advice, benchmarking and specialist knowledge to address the particular issues presented by mental health claims.
Research in mental health claims
Our extensive research confirms mental health claims are different from other personal injury or illness claims, requiring different approaches to deliver optimal outcomes. We can help you refine your operations and improve outcomes.
Delivering sustainable mental health claims improvements
Insights to inform & inspire
Transform your operations with our comprehensive suite of data & analytics products
Our range of data driven products and software focus on practical, commercially aware solutions that add value to your business.
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