Episode 43: Actuaries Using Data for Good with Andrew Ngai
“I think a key to being successful is to be adaptable. So thinking back over my own experience, I've adapted skills that I learned in the traditional space to a different context where I'm working with governments in social services space.
I think the actuarial skill set is very adaptable and but we have to think about all of our experiences in the past and making sure that we remember them and how do we apply them in a different context. Sometimes it's just terminology that's a bit different.
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Andrew Ngai
Experienced Actuary
Andrew is currently a Director at Taylor Fry and has 14 years’ experience as an actuary in Australia and overseas, advising numerous injury schemes, insurers and government clients in the health and social sectors. He specialises in using advanced analytics to help his clients make better policy, pricing and operational decisions. Andrew has developed social investment simulation models to help governments understand how people interact with their services, and ultimately to help them evaluate and implement better policies for vulnerable people. Andrew has also advised on reserving and pricing for government schemes and private insurers, particularly in workers compensation and builders warranty.
Beyond his day job, Andrew is also a three-time Microsoft Excel World Champion and was the Financial Modelling World Champion in 2019.
In this interview Andrew shares:
How he has developed his world-class Excel skills,
How he used data for good in general insurance, and
How he uses advanced analytics to derive insights for governments.
Connect with Andrew on LinkedIn.
