Wenqi (Olivia) Ai
Sydney
Summary
Actuarial consultant with extensive experience at Taylor Fry, advising general insurers, self-insurers, injury schemes, and government entities. My experience includes liability reserving, premium setting, supporting appointed actuaries in statutory reporting, and predictive modelling.
Overview
3
3
years of professional experience
1
1
Certification
Work History
Actuarial Consultant
Taylor Fry
Level 22, 45 Clarence Street, Sydney NSW 2000
08.2022 - Current
- Support to Appointed Actuary (AA) – Olivia assists the Appointed Actuary of general insurers in meeting statutory requirements, including preparing the Insurance Liability Valuation Report and Financial Condition Report, for both the Australian and New Zealand portfolios. She was involved in the transition to IFRS 17 accounting standards, including determining the risk adjustment using the cost of capital approach and reviewing their eligibility under the Premium Allocation Approach. Olivia was also involved in the pricing review of one general insurer's intercompany stop loss reinsurance treaty.
- Corporate workers’ compensation self-insurance – Olivia has extensive experience in workers' compensation liability valuations for several self-insurers, across multiple jurisdictions (NSW, Vic, Qld, SA, WA, and Tas). Her responsibilities have encompassed preparing claims data, estimating outstanding claims liabilities for a variety of benefit types such as common law damages, statutory lump sums, and other ongoing payments, calculating statutory financial guarantee requirements, and drafting comprehensive reports. She has conducted multiple tail valuations for companies transitioning to or from self-insurance.
- Valuation of liability lines – Olivia provided advice to self-insurers regarding their self-insured liabilities for public liability portfolios. Her key responsibilities in these projects encompassed preparing claims data, conducting valuations of outstanding claim liabilities, forecasting future cash flows, and drafting comprehensive reports.
- Victorian Department of Families, Fairness and Housing – Olivia was part of the Taylor Fry team developing the Victorian Social Investment Model (VicSIM) to support the Department’s social investment approach. She applied her knowledge of GBMs and GLMs to model usage pathways for Victorians across different service domains, using large, linked datasets. Additionally, she was involved in the COVID-19 effect review and conducted bespoke analyses for outcomes with low exposures.
- Medical indemnity insurance pricing – Olivia was involved in the pricing review for a medical indemnity insuer. In this project, she employed R for tasks such as data cleaning and preparing, peer reviewing GLMs and GLMMs used in modelling size and frequency, and emulating the old model provided in Excel to facilitate benchmark comparisons.
- TF Labs – Olivia participated in a geo-embedding research project, where she utilised deep learning neural networks to embed spatial data, enhancing its accessibility for advanced modelling purposes.
Education
Master of Actuarial Practice With Commendation -
Australian National University
Canberra, ACT07-2022
Bachelor of Commerce - Finance And Business Analytics
University of Sydney
Sydney, NSW11-2019
Skills
- Data cleaning, aggregation, and visualisation
- Statistical modelling using machine learning and deep learning techniques
- Actuarial modelling
Languages
English
Full Professional
Chinese
Native or Bilingual
Certification
- Associate of the Institute of Actuaries of Australia (AIAA)
- Financial Risk Manager (FRM)
- Chartered Financial Analyst (CFA) level II passed
Software
Microsoft Excel, R, SAS, SQL, Python
Timeline
Actuarial Consultant
Taylor Fry
08.2022 - Current
Master of Actuarial Practice With Commendation -
Australian National University
Bachelor of Commerce - Finance And Business Analytics
University of Sydney