29th November, 2023
Australian Health Programs: Evaluating their effectiveness in Health Insurance
In response to increasing pressure on hospital capacity – which hit a peak during the pandemic – Pri...
Health Insurance
Health insurers need to respond faster and more innovatively than ever before. We work closely with private health insurers to help them seize opportunities and find smarter ways to work, manage costs and support the wellbeing of their customers.
Our focus
Finity’s team of private health insurance specialists from actuarial, data science, risk, analytics and technology have a built an unrivalled reputation for delivering practical advice and customised insights.
Private health insurance experts
We currently provide AA services to 30 of Australia’s 35 private health insurers. Our health insurance expertise includes the full range of Appointed Actuary services across areas such as strategy, pricing, mergers and acquisitions.
Our reputation is built on delivering timely, relevant and actionable insights, and advice to help our clients achieve their specific objectives.
Finding smarter ways to work
Our health insurance team have practical and commercial experience gained from many years working for and consulting to Australian and New Zealand health insurers.
Gain unique visibility of current trends and opportunities in health insurance
A deep understanding of the PHI regulatory landscape
Harness the power of the largest group of private health actuaries, management consultants, statisticians and data analysts.
Unparalleled PHI experience & proven track record
Finity provides Appointed Actuary services to over 30 health insurers in Australia and New Zealand. Our breadth and diversity of appointments means we have unrivalled expertise in understanding and managing risk in PHI. Our health insurance services include:
- Appointed Actuary services
- Pricing and product development
- Market intelligence and comparison services
- Capital modelling and capital management
- Lifetime customer value
- Retention modelling and cost of acquisition analysis
- Strategic advice
When navigating a constantly changing landscape, tailored customer-centric advice is vital
Working in partnership with you, our private health insurance team ensures that your business decisions strike the right balance of commercial, risk and member outcomes, while addressing your unique governance and regulatory requirements.
Understand the risk profile of existing and potential customers
Optimise your product & pricing strategy
Achieve private health claims & expense efficiencies
Anticipate and prepare for changes in the PHI environment
Address governance & regulation across a broad landscape from risk management, climate & APRA regulatory standards
Health analytics to improve patient outcomes
With over 30 years of advanced analytics and data management experience, we understand the challenges facing the health sector for today and tomorrow.
Our health analytics solution combines deep health sector knowledge with sophisticated data analytics designed specifically for the public and private health sectors.
“Finity always seeks to provide clients with services that go far beyond ‘compliance’ by delivering actionable advice which supports claims and operational efficiencies, improved strategies, productive risk management and financial sustainability. We aim to make the work we do with you feel like a good investment rather than a cost.”
Jamie Reid
Principal, Finity
Principal, Finity
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Our range of data driven products and software focus on practical, commercially aware solutions that add value to your business.
Practical insights. Innovative products. Infinite possibility.
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.
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