Taylor Fry


Darryl Frank


About Darryl

Darryl works with injury compensation schemes in Australia and New Zealand. He specialises in projecting and monitoring the lifetime care needs for people who are catastrophically injured and helps manage the long term risks facing no fault compensation schemes. He is also the actuary to several self-insurers with workers’ compensation liabilities across Australia.

Darryl works with his clients to improve the monitoring of scheme performance and ensure the actuarial modelling approach is responsive to changes in their operations and risks. This allows his clients to better understand emerging trends and to proactively review key strategies.


Injury compensation schemes

Darryl has more than ten years’ experience advising injury compensation schemes including the MAIB, TAC, WorkSafe Victoria, ACC New Zealand, icare, ICWA and ReturnToWorkSA.

Darryl has provided liability valuations to several injury schemes covering all types of benefits. He focuses on understanding the key drivers of future claim costs and analysing assumptions to which the liabilities are highly sensitive.

Darryl has also advised schemes on a broad range of topics including,

  • Premium analysis, including breakeven premium, profit margin analysis and premium design for workers’ compensation schemes
  • Analysis of scheme risks and risk margin reviews
  • Costing of legislative reforms and benefit changes
  • Funding projections
  • Peer review
  • Agent remuneration

Catastrophic injury projections and monitoring

Darryl has developed individual lifetime projection models which take into account of a number of personal circumstances that may affect future care requirements of people with brain and spinal injuries. These models allow the schemes to monitor experience in detail and to measure the impact of alternative equipment and care arrangements.

He has also compared the experience across different schemes, including one detailed study of care hours and another broader comparison of costs across different assistance services, treatments and equipment purchases. These studies compared experience across a number of client characteristics.


As the actuary to four self-insurers Darryl has advised them on outstanding claims liability valuations and the allocation of liabilities and premiums to business units.

Statistical sampling design and monitoring

Darryl has designed sampling programs for two large Australian banks, helping them test and monitor compliance for internal and regulatory purposes. This included identifying areas with higher levels of non-compliance and staff that required additional training.


  • Mortality experience and projections for catastrophic injuries by Darryl Frank and David Gifford. Presented at the Actuaries Institute Injury Schemes Seminar, 2013
  • An actuarial approach to a sustainable tax system by Darryl Frank. Presented at the Actuaries Institute Actuaries Summit, 2015.



(03) 9658 2315 | Melbourne


Areas of expertise

  • Injury compensation schemes
  • Catastrophic injury projections and monitoring
  • Self-insurance
  • Statistical sampling design and monitoring


  • Fellow of the Institute of Actuaries of Australia since 2004
  • Bachelor of Commerce (Honours), University of Melbourne (2001)