Employers

Strategic, operational and member engagement solutions

Rice Warner’s extensive superannuants database and related research enables us to help benchmark superannuation funds, whether products, fees, investments, insurance, service operations or costs and expenses.

Rice Warner’s heritage is as a firm of consulting actuaries. Our superannuation actuarial services cover financial modelling, benefit projections, independent insurance in superannuation pricing review and investment analytics as well as prescribed actuarial work for defined benefit superannuation funds.

As an independent consultancy, Rice Warner has proven ability to help superannuation funds conduct insurance tenders and achieve their objectives, relying on an inclusive style that informs, educates and includes our client in the decision-making process.

We assist superannuation funds to select the most appropriate insurer with our service tailored to suit the superannuation fund’s needs and capabilities. We also assist with implementation of new insurance arrangements.

Superannuation funds must regularly review insurance arrangements to ensure they are appropriate for the fund’s membership.

Rice Warner provides superannuation funds the confidence that the insurer’s pricing is reasonable and appropriate, taking the form of either:

  • An independent review of the insurer’s pricing which involves us working closely with the insurer’s pricing actuary to understand and query the methodology and assumptions used, or
  • A full independent pricing exercise.

Rice Warner’s independence combined with deep actuarial and insurance expertise, tools and research means we are uniquely placed to assist your superannuation fund in working through the pricing exercise.

Many employers provide insurance benefits to their employees via group insurance policies which may be held either inside or outside superannuation.  Employers need to ensure that these arrangements are competitive and appropriate for their employees and reviews are needed from time to time due to mergers or acquisitions, changes in legislation or policy terms.

Rice Warner can assist employers with a range of services:

  • simplification, harmonisation and streamlining of often complex historical insurance arrangements
  • benchmarking exercises
  • negotiation with superannuation funds and insurers
  • insurance tenders.

Our Experts

Contact our team today to learn more about how Rice Warner can help.