1st July, 2013
Keeping Private Health Insurance affordable
Published in Actuaries, July 2013, the Finity health insurance team have delved into the affordabili...
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
Insights to inform & inspire
20th April, 2021
Private Health Insurance & the AASB17 journey
To help navigate the AASB17 journey this article offers an implementation pathway which any fund can adopt.
13th April, 2021
The impact of climate change on Private Health Insurance
What role can private health insurers play in addressing climate risk?
6th December, 2021
Green Paper – Aged care costs set to rise
A green paper prepared by Finity for The Actuaries Insititute released today, reveals Aged Care fund...
20th January, 2022
d’finitive Private Health Insurance – Getting to know ICAAP
APRA’s recently released draft capital standards confirm, from 1 July 2023 all private health insure...
Meet some of our specialists
Transform your business 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.
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.
Contact us