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Innovation and risk are two sides of the same coin

Consulting through Partnership
MNC delivers actuarial services to life insurers, reinsurers and superannuation funds. We blend experienced pricing, capital and product actuaries with programmers and data scientists. Our clients seek out our extensive experience within life insurance and value our disruptive approach, including building new analytical and predictive models using agile technologies.
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Using AI to provide new solutions to old problems
We believe there are many cases where artificial intelligence (AI) can be used to provide new solutions to old problems. We have used AI and Natural Language Processing (NLP) to develop a process of screening large quantities of research papers quickly and accurately. This method significantly reduces the time spent on this critical component of research projects.
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2Busy2Read
MNC summarise papers on topical matters down to 2 pages that can be digested in 2 minutes or less saving you time.
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Our Services

Group Pricing & Product Design

Insurers, Reinsurers | Superannuation Funds
Many of MNC’s actuaries have held recent Executive Manager Pricing Actuary or Product Manager roles at insurers and reinsurers. We bring expertise and experience from diverse backgrounds to ensure you get the best results.

Within group insurance, the MNC team has over 50 years of combined experience of pricing new business tenders and renewals, including the largest industry funds in Australia, across the public sector, for specific industries and industry-wide funds.

We work with insurers and reinsurers to develop a competitive and sustainable pricing offering, which allows for changes in legislation such as Protecting Your Super, Putting Members’ Interests First and Your Future Your Super. Our team has dealt with several fund mergers, and understands the pricing and product issues surrounding member outcomes.
Group Pricing & Product Design
Insurers, Reinsurers | Superannuation Funds
Many of MNC’s actuaries have held recent Executive Manager Pricing Actuary or Product Manager roles at insurers and reinsurers. We bring expertise and experience from diverse backgrounds to ensure you get the best results.

Within group insurance, the MNC team has over 50 years of combined experience of pricing new business tenders and renewals, including the largest industry funds in Australia, across the public sector, for specific industries and industry-wide funds.

We work with insurers and reinsurers to develop a competitive and sustainable pricing offering, which allows for changes in legislation such as Protecting Your Super, Putting Members’ Interests First and Your Future Your Super. Our team has dealt with several fund mergers, and understands the pricing and product issues surrounding member outcomes.
Retail & Direct - Pricing & Product
Banks | Insurers, Reinsurers
The MNC team has over 30 years of combined experience in the retail advice and direct to consumer channels.

Our actuaries have lived through many repricing and product upgrade projects, and also designed and priced new risk products from scratch. We have also participated in the changes in the direct space over the last few years.

In addition to pricing and actuarial modelling services, we offer advice and support with product & retention strategy, reinsurance negotiations, risk & remediation, claims experience investigations and regulatory data submissions.
Insurance in Superannuation
Insurers, Reinsurers | Superannuation Funds
MNC’s expertise includes pricing and product design, running tenders, and allowing RSE’s to optimise their insurance arrangements in the wake of both regulatory change and fund mergers.

Our wide experience of pricing the insurance benefits of many different industry funds and mastertrusts allows us to benchmark your fund’s claims experience and member behaviour against both smaller and larger RSE’s.

We also provide advice and guidance on the implications of Your Future Your Super, consider the implications of the performance test for group insurance and model the impacts of stapling on the demographics and risk profile of your fund. We offer advice on Best Financial Interests including guidance on adequacy, appropriateness, fairness. affordability and sustainability of insurance design.

In addition to pricing and product advice, we also undertake administration and process reviews and claims restitution projects.
Reinsurance Advisory
Insurers, Reinsurers | Superannuation Funds
With 30+ years of reinsurance market experience, we provide the detailed modelling which enables you to model volatility, maximise returns, minimise risk and optimise capital through the effective structuring and evaluation of different reinsurance solutions.

We have a strong relationship with all the major reinsurers. Indeed, many of our team have experience in reinsurance broking, and have previously been employed by, or consulted for all of the reinsurers within the Australian and New Zealand life insurance markets. Matt was previously the Chief Pricing Actuary and member of the Australian and Asia Leadership Teams at a large, global reinsurer.

This means we understand the reinsurers’ different perspectives, risk appetite and local/global approval processes, which enables us to guide you through the reinsurance structuring, evaluation and buying process.
Insurance & Reinsurance Strategy
Insurers, Reinsurers | Superannuation Funds
The last few years in life insurance have thrown up no shortage of challenges, across individual disability income, group TPD and income protection, in the wake of tumultuous regulatory change and shifts in consumer expectations.

Where should insurers and reinsurers focus to balance the needs of the customer and shareholder? Our team will help you to answer this question.

This includes evaluating risks and opportunities, establishing the resources needed, and setting milestones and KPI\'s to keep you on track.

We can work with your Leadership Team to develop the paper for your Board or regulator(s), or act as an independent reviewer if you prefer.
Data Science
Banks | Insurers, Reinsurers | Superannuation Funds
Data analytics exists at the intersection of information technology, statistics and business. The primary goal of using data analytics is to increase efficiency and improve performance by discovering patterns in data.

Data analytics can take many forms, from analysing historical data to highlight where you are now, to using advanced machine learning methods such as neural networks, natural language processing (NLP), sentiment analysis and more to provide predictive tools and inform business decisions.

Our team are knowledgeable in these areas and proficient in many coding languages - why not let us help you take your business to the next level?
Life Insurance Capital & Valuation
Insurers, Reinsurers
At MNC, we work side by side with our clients to solve the complexities they face with financial reporting and capital management. Insurers and reinsurers currently face increased resource pressures due to the changing landscape around accounting standards and prudential regulations. MNC provides a range of services to reduce pressure on your Corporate Actuarial Team, including support to the Appointed Actuary on valuation and capital matters, assistance with capital modelling and analysis, year-end secondments and IFRS 17 implementation.
Wealth Management
Superannuation Funds | Wealth Management
Our experienced actuaries can offer product, investment and actuarial services such as:

• Independent, actuarial peer reviews of Investment & Superannuation products, including client impact analysis
• Product rationalisation
• Product and pricing design and strategy
• Competitor analysis using aggregation techniques
• Financial modelling and business cases
• Operations, process and control reviews
• Managing incidents, breaches and remediation
Mergers & Acquisitions
Insurers, Reinsurers | Superannuation Funds
We provide a range of services for a successful merger or acquisition including offers and due diligence, product rationalisation and reinsurance optimisation.
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Emily Wu portrait
MLC Life Insurance
Emily Wu
General Manager - Fund Partnerships
Matt and his team were brilliant at supporting us on a new business opportunity. The MNC team were thorough, efficient, transparent and timely. The right level of expertise and communication from the MNC team made for an effective working engagement.
Anne Savage portrait
Prostate Cancer Foundation of Australia
Anne Savage
CEO
PCFA was proud to partner with Matt Noyce Consulting for the 2022 Actuarial Hackathon. The MNC team applied their specialist expertise to provide timely insights and accurate estimates of a very complex dataset. Their work made a tremendous difference to our understanding of prostate cancer in Australia and will help us increase our community reach to raise awareness and improve survival. We were tremendously impressed by the team’s depth of knowledge and calibre of professionalism. They rapidly translated an interconnected array of statistical information into figures that are reliable, rigorous, and incredibly relevant to our work. We really can’t recommend MNC highly enough – a fantastic team founded on integrity of client service.
Francis Burgess portrait
Zurich Financial Services Australia Limited
Francis Burgess
Head of Pricing, Group Insurance Life & Investments
We recently used MNC to support our implementation of new R based pricing models for our group pricing team. Luka’s specialist programming ability was in a different league to our internal capability. I personally have learnt a lot from having him part of the team. Rick brought a different skill set and was more of a bridge between the two disciplines. He is just one of the most helpful and nicest people to work with. Part of his contribution was to incorporate data analytics concepts such as model validation and data visualisation into the traditional pricing process. However, probably his greatest contribution was cultural in helping my relatively inexperienced team become more comfortable coding in R and moving away from the comfort zone of spreadsheets. We are very proud of the final deliverable and In my view they were the best people to help us with this in the market and I would recommend them very highly to others doing a similar project.
Didier How Yin Fat portrait
Zurich Financial Services
Didier How Yin Fat
Group Risk Pricing Actuary Life & Investments
I had a great experience working with MNC’s team of extremely talented professionals on a large Group insurance pricing project. MNC’s team truly exceeded our expectations through the team’s level of accessibility, responsiveness, resource flexibility, 24 hour service delivery (through the use of UK actuaries) and superior data analytics capabilities. MNC, through its flexible resource model, was able to produce some deeply insightful analysis under very short time frames that ultimately enabled us to understand and manage the risks better, obtain better pricing outcomes and ultimately enhance the overall level of our client submission. I would highly recommend MNC to any organization.
Modelling Project portrait
AON
Modelling Project
Head of Life Reinsurance
The model you developed for us is working very well - we are already using it for a couple of live pieces of work. This is really state of the art compared to what we have seen across the market.
Christine Lu portrait
TAL
Christine Lu
Senior Pricing Manager
It is a great pleasure to work with the MNC consultants over the last 2 years. I am really impressed with your professionalism, dedications and subject expert on all matters ranging from coding to commercial solutions. Special thanks to Akash, Joseph, Rick, Kylie and Rhoda, for all your support along the journey!
Chahak Goyal portrait
Swiss Re Global
Chahak Goyal
Actuarial Analyst
My experience of working with Joseph from MNC was simply great. Joseph is easy going and has inclusive nature which helps in effective communication and exchange of ideas. His quick grasp of software turned around a series of tasks into a well-defined process which strengthened the project and could be easily followed by others. Besides, his positive outlook paved way for continuous improvement. Additionally, upskilling & efficiency gain also came along side through his knowledge and expertise.
Alternative Life Insurance Sales Channels photo
Alternative Life Insurance Sales Channels
The annuity puzzle still needs solving photo
The annuity puzzle still needs solving
The 5 questions not asked on a life insurance application photo
The 5 questions not asked on a life insurance application