Taylor Fry

 

Win-Li Toh

Principal

About Win-Li

After completing a Mathematics degree at the University of Oxford, Win-Li started actuarial life as a consultant in London. Since then she has consulted internationally, in the UK, New Zealand and Australia before joining Taylor Fry in 2002.

Win-Li is Appointed Actuary to three general insurers and lead actuary to a number of self-insurers.

Win-Li has a wealth of experience advising on accident compensation, professional indemnity, medical indemnity and personal lines insurance to insurers, self-insurers and government. She particularly enjoys managing project teams and collaborating with her clients to draw together different disciplines in delivering successful business solutions.

Experience

Win-Li has worked for Taylor Fry since 2002. Before joining Taylor Fry she was a member of the financial risk management division at PricewaterhouseCoopers in Sydney, and prior to that she held consulting roles in London and New Zealand.

Insurance Liability Valuation and Financial Condition Reports

As Appointed Actuary, Win-Li provides advice on the statutory Insurance Liability Valuations and provides Financial Condition Report, and also advises on performance monitoring, inter-valuation analyses of liability reserves, and the structure of reinsurance arrangements.

Self-Insurance

Win-Li has performed feasibility studies of the costs of self-insurance versus commercial insurance, devolution of costs to business units, divisional monitoring reports and liability reserving for self-insurers.

She has managed many actuarial projects involving analysis of claims for reserving and pricing in insurance. This also included building up monitoring frameworks to identify liability trends and early performance indicators for jurisdictions in a time of legislative change.

Capital modelling and management

Together with the insurer’s in-house actuarial team, Win-Li assisted with developing the pricing structures using statistical analyses, as well as conducting a review of different pricing bases for merger and acquisition purposes. Other work included development of capital projection models and other business performance tools.

Policy advice and scheme design

Win-Li led an initiative in occupational health and safety audits for employers as part of a workers’ compensation premium discount scheme introduced by the NSW government, and involved managing a diverse team to do the various audits, design and roll-out of the marketing, budget planning and pricing, setting up of audit tools and databases.

She has also provided policy advice workers’ compensation schemes including research into different compensation systems and structures overseas and their applicability to the Australian environment, as well as occupational health and safety and service delivery models. Win-Li’s paper on Workers’ Compensation – the Best Policy? formed part of the NSW Government’s Standing Committee’s review of Workers’ Compensation.

Publications

  • Show Me the Money – Insights into PL and PI Claims Experience, by Scott Duncan and Win-Li Toh. General Insurance Seminar, Actuaries Institute 2014
  • Collection and publication of general insurance statistics – An overview of regulatory best practice, by Win-Li Toh. Conference, New Zealand Society of Actuaries 2014
  • Risk margins – have we come full circle? by Win-Li Toh and Chris Latham. General Insurance Seminar, Institute of Actuaries of Australia 2012
  • Turning the spotlight on peer review, by Samantha Fuller and Win-Li Toh. General Insurance Seminar, Institute of Actuaries of Australia 2010
  • Medical indemnity – who’s got the perfect cure? by Win-Li Toh, Linda Satchwell and Jonathan Cohen. Accident Compensation Seminar, Institute of Actuaries of Australia 2009
  • Reserving excellence – extracting the ‘value’ from actuarial valuations, by Paul Driessen and Win-Li Toh. General Insurance Conference , New Zealand Society of Actuaries 2009
  • Self-insurance: Getting the best out of regulation, by Win-Li Toh and James Sullivan. Accident Compensation Seminar, Institute of Actuaries of Australia 2007
  • A Bayesian approach to pricing, by Win-Li Toh and Andrew Kwok. General Insurance Seminar, Institute of Actuaries of Australia 2005
  • Superimposed inflation – are we any wiser? by Win-Li Toh. General Insurance Seminar, Institute of Actuaries of Australia 2003
  • E-business for tomorrow’s general insurer, by Raewin Davies, Sylvia Wong and Win-Li Toh. General Insurance Seminar, Institute of Actuaries of Australia 2001
  • Workers’ Compensation – the Best Policy? by Win-Li Toh and Michael Playford. Accident Compensation Seminar, Institute of Actuaries of Australia 2000
  • Monitoring trends in a time of change, by Win-Li Toh. Conference, New Zealand Society of Actuaries 2000.

CONTACT Win-Li

WinLi.Toh@taylorfry.com.au

(02) 9249 2904 | Sydney

 

Areas of expertise

  • Insurance Liability Valuation and Financial Condition Reports
  • Self-Insurance
  • Capital modelling and management
  • Policy advice and scheme design

Qualifications

  • Fellow of the Institute of Actuaries of Australia since 2001
  • Fellow of the New Zealand Society of Actuaries since 1994
  • Fellow of the Institute & Faculty of Actuaries since 1992
  • Masters of Arts (Mathematics), University of Oxford, UK (1993)
  • Bachelors of Arts Honours (Mathematics), University of Oxford (1988)