While I don't have a specific material to suggest I imagine the process is similar to making a latex or rubber mask. I myself have done this with good results, so here's how I did it:
1. make your model, which it sounds like you've done.
2. make a two part mold of your model that is firm and has the pour spout at the place you want to be open. In your case this would be the wrist. (Now this is where your scenario differs from mine. I made my two part with hydrocal on a clay model. If your model is already cast of plaster or something firm you'll have to figure something else out; which I'm sure won't be too difficult to find with a search on mask making)
3. After you have a durable two part mold complete with the original model removed you will want a material that drys relatively quick and is flexible. I used latex, but I know there are nicer more durable and detailed materials available.
4. *Now pour enough of this material into the open area (the wrist) to do a nice even coat of the whole interior and perhaps use a brush to work the material into fine details. You then invert the mold and pour the remnants into a vessel with a lid to be used later. You let this thin layer dry and repeat, repeat, repeat (you can thicken and use a brush as you get further away from the details).
(*An alternative to this method is to totally fill the mold to the brim and let it dry a little bit, supposedly it will dry from the sides to the center and you'll be able to see the color change enough to gauge the thickness. After it's as thick as you want you can pour out the remnants for a future project. I have not tried this method but I think it's supposed to be easier although more expensive and probably reliant on the proper materials.)
5. After you decide you have a thick enough skin lightly dust the inside with talc or baby powder (this keeps the interior from sticking to itself) and pull it from the mold. Viola! Then paint and trim till you have what you want.
I hope this helps, it worked for me surprising well for my very first foray into making a mask. At the very least I think it will help you search and get better information.
Best of luck!!!
opcorn
-Alan