Taylor Fry

 

Alan Greenfield

Principal

About Alan

Alan has had a long and successful career in General Insurance actuarial consulting across the globe.  A founding director of Taylor Fry, Alan is proud of the long-term relationships he has built with his diverse range of clients. Testament to his expertise as an actuary, Alan’s major client has been with him for more than 14 years.

Alan has a well-deserved reputation for presenting complex actuarial matters to a wide range of audiences. His deep understanding of practical business issues combined with highly technical actuarial skills, lead to pragmatic solutions for his clients.

Alan successfully advises very large and complex accident compensation schemes such as the CTP scheme of the Insurance Commission of Western Australia – covering more than 2 million vehicles with an outstanding claims liability of A$1.5 billion – and the social welfare system of New Zealand, that has some NZ$10 billion p.a. in benefit payments and related costs.

Experience

Prior to founding Taylor Fry in 1999, Alan was a consultant at Tillinghast Towers Perrin and Coopers & Lybrand, working in Sydney, London, Chicago and New York.

At Taylor Fry, Alan’s experience includes providing advice to a diverse range of clients including government insurance agencies and departments and private corporations. More recently he has been focussed on developing the Analytics practice at Taylor Fry.

Social Welfare

  • NZ Government – Alan is currently advising the New Zealand Government in relation to an investment-based approach and actuarial framework to the management and financial control of the New Zealand social welfare system.  This appointment was highly sought after.  It stems from the well-publicised report by the Welfare Working Group (WWG) into reform of the NZ social welfare system.  The  framework under development includes actuarial valuations of social welfare benefits and monitoring of experience to enable an evidenced-based approach to improve employment outcomes and financial control by investing up front to reduce the cost of long-term benefit dependency.

Insurance Liability Valuation, Budgeting and Monitoring

  • Insurance Commission of Western Australia (ICWA) – Alan is the Principal Actuary advising ICWA in relation to the monopoly WA Government CTP Scheme. He is responsible for the estimation of the outstanding claims liability, estimation of premium rates including risk relativities, forecasts of fund solvency, budgeting forecasts, monthly monitoring of results, risk margins and other ad hoc advice.  His annual trips to present to the Board give him an opportunity to discuss the experience of the CTP Scheme and provide his views on strategy and the future for CTP in WA.  His opinion is always sought on financial matters that might impact Scheme performance.
  • NSW Office of the Environment & Heritage – Alan provides actuarial advice to the OEH in relation to the BioBank scheme. This has included advice in relation to design of the Scheme and Scheme funding, and Trust Fund deposit estimation.

Customer Insights

  • Telstra – Alan jointly led a customer-focussed modelling project in relation to mobile and internet products, where we developed a model that predicted the product choice made by customers, which allowed the client to target its marketing plan for its products.

CONTACT Alan

Alan.Greenfield@taylorfry.com.au

(02) 9249 2903 | Sydney

 

Areas of expertise

  • Social Welfare
  • Insurance Liability Valuation
  • Budgeting and Monitoring
  • Customer Insights

Qualifications

  • Fellow of the Institute of Actuaries of Australia since 1992
  • Bachelor of Economics (Actuarial Studies), Macquarie University (1987)

Professional Activities

  • Member of Energy and Environment Committee of the Institute of Actuaries of Australia (2002-2009)
  • Member of the Casualty Actuarial Society Climate Change Issues Taskforce (2009)
  • Editor of the Environmental section of The Actuary Australia magazine (2004-2008)
  • Examiner (1998-2000) and Chief Examiner (1999) for the General Insurance specialist subject of the Institute of Actuaries of Australia