Taylor Fry

 

Martin Fry

Principal

About Martin

Martin is a highly experienced senior actuary and co-founder of Taylor Fry.  He has more than 30 years’ experience advising accident compensation schemes, government departments, insurers and self-insurers. Senior consultancies include being Appointed Actuary to three general insurance clients and principal advisor to state accident compensation schemes. He has also led reviews of accident compensation schemes for state, federal and national government departments.

An expert in all aspects of liability insurance, Martin has provided advice on the impact of tort law reform on medical indemnity, professional indemnity, public liability and compulsory third party motor accident insurance.

Martin engages with governments, boards, senior management and stakeholders at all levels. He enjoys explaining complex actuarial processes in practical terms and has a track record of successfully advising of business managers who are not familiar with insurance or self-insurance. Martin’s long experience, sound technical knowledge and excellent communication skills mean he is highly regarded as an expert witness in court cases, providing both pre-trial advice and testimony.

Experience

Since establishing Taylor Fry, Martin has worked for a number of accident compensation, insurance and self-insurance clients. Martin has advised the Motor Accidents Insurance Board in Tasmania for over fifteen years.

Prior to founding Taylor Fry, Martin was leader of the Melbourne general insurance practice of Trowbridge Consulting (1993 to 1999), and undertook assignments in the electricity and gas industries. He was the first actuarial partner at Coopers & Lybrand (1988 to 1993), where he developed the actuarial practice from start-up to a profitable part of the Melbourne firm. Martin was a partner in the Melbourne office of E S Knight and Co, and transferred to become leader of the Hong Kong office of Mercer when it acquired his former partnership.  During that time, he travelled widely throughout Asia, advising insurers in many countries in the area.

Some examples of Martin’s experience are:

Policy analysis and Scheme Design

Martin advised the Victorian WorkCover Scheme on the cost of re-designs, including removal of common law from the Victorian WorkCover scheme in 1997 and restoration of access to common law for seriously injured workers in 1999.

Martin led a review of the self-insurance arrangements under the Comcare scheme for the Department of Employment Education and Workplace Relations in 2008/9, where he coordinated a multi -disciplinary team examining occupational health and safety, consultation, financial arrangements and access, as well as leading wide ranging consultation sessions with stakeholders.

Martin has also advised the Heads of Workers Compensation Authorities on the costing of a nationally consistent scheme.

Financial Condition Reports

Martin has provided Financial Condition reports to FM Insurance since 2006.  He also provides input to the runoff reports of two insurers who are required to report to APRA on the progress of the claims runoff.

Budgeting and Monitoring

Martin has advised several self-insurers in relation to ongoing financial management and statutory reporting.  He has presented the results of actuarial reviews to the management of Hanson and Carter Holt Harvey, illustrating the variability in annual claim costs due to small numbers of large claims.

CONTACT Martin

Martin.Fry@taylorfry.com.au

(03) 9658 2300 | Melbourne

 

Areas of expertise

  • Policy analysis and Scheme Design
  • Financial Condition Reports
  • Budgeting and Monitoring

Qualifications

  • Fellow of the Institute of Actuaries of Australia since 1980
  • Fellow of the Institute & Faculty of Actuaries since 1980
  • Fellow of the New Zealand Society of Actuaries since 2011
  • Bachelor of Science Honours (Statistics), Monash University (1973)

Professional activities

  • Member of various Professional Conduct Tribunals of the Institute of Actuaries of Australia
  • External examiner, University of Melbourne (2003 - current)