Underwriting council partners with actuarial company

Underwriting council partners with actuarial company | Insurance Business

Underwriting council partners with actuarial company

The Underwriting Agencies Council and actuarial and management consulting firm Finity Consulting are launching an inaugural workshop on November 13 in Sydney designed to help underwriters obtain a competitive edge.

As part of attempts to provide educational opportunities for members, this workshop will provide insights into insurance premiums and profitability trends, and reveal issues underwriting agencies need to think about to remain competitive,” said UAC general manager William Legge.

Finity Consulting director Tim Andrews and senior consultant Susie Amos are the presenters. They will tell workshop participants about a new analysis tool driven from National Claims and Policy Database market data and discuss current market trends.

Andrews has extensive experience in claims reserving, pricing and portfolio management for commercial lines. He has undertaken numerous pricing and reserving studies for professional indemnity and D&O portfolios, and been the appointed actuary for a medical indemnity insurer for more than 10 years.

Amos has worked in general insurance for about 12 years, including three years in London. She has provided advice in areas including portfolio monitoring, claim reserving, pricing and financial modelling. Her specialty areas include financial lines and public liability portfolios. In particular, she keeps a keen eye on class action trends in Australia.

UAC general manager William Legge said professional development and education was an important element of UAC’s service to members and the council was pleased to expand the educational opportunities available through a partnership with Finity Consulting.

“The workshop will provide insights into insurance premiums and profitability trends, and reveal issues underwriting agencies need to think about to remain competitive. It will assist senior underwriters and executives to stay ahead in a rapidly changing landscape,” Legge said.

The workshop complemented UAC’s series of GDLawUpdate sessions held regularly in Sydney, Melbourne and Brisbane and an August ISR discussion hosted by Wotton+Kearney in Melbourne.