User:Ascott

From Wikipedia, the free encyclopedia

Andrew is Australia's foremost expert on extended warranty products.

A 1990 Macquarie University graduate in actuarial studies, Andrew consulted to the insurance industry in Sydney for over 10 years advising direct insurers and then an international reinsurer. His career has seen him work closely with management, government and underwriters to implement insurance programs for a number of schemes ranging from lawyers professional indemnity, medical indemnity, surety bonds and public liability.

It was in 2003 that he was first introduced to warranty business and Australia’s largest program of extended warranties. Since then he has established a reputation as a leading authority on warranty statistics. In this capacity, he now advises insurance companies on their warranty exposures, capital needs, underwriting guidelines, claim management practices and IT system needs. He also advises retailers on the most durable brands, expected survival times and major causes of breakdown.

In the longer term, he hopes that his work will lead to a more sophisticated secondary market in warranties, a greater appreciation of the risk carried by retailers, the production of more durable products by manufacturers and the greater protection of retail customers.

Andrew G. Scott, Manager - Strategic Analysis and Product Development, IC Frith (Australia) Pty Ltd, Ph 61+2+8853 9117 Fx 61+2+8853 9517, Email andrewgscott@aol.com