Our Company

Mike Claffey, FSAI

Principal & Consulting Actuary
Dublin, IE

Tel: +353 1 6475902

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Professional Designations

  • Mike is a Fellow of the Society of Actuaries in Ireland, and a Fellow of the Institute of Actuaries (UK)

Education

  • MSc (1990), Mathematical Sciences, National University of Galway

Current Responsibility

Mike is a principal with the Dublin office of Milliman, which was formerly Life Strategies Limited. He joined Life Strategies as a director in 2005.

Experience

Mike currently serves as head of actuarial function for a range of life and reinsurance companies headquartered in Ireland. He has also acted as the independent actuary for a number of life insurance portfolio transfers (Section 13 transfers) from Ireland.

Mike’s experience includes all aspects of statutory life insurance work, including financial reporting and product development. He has worked with life clients operating in a range of European countries, including the UK, Italy, France, Spain, Germany and Sweden. He also has operational experience of fund administration and unit pricing, as well as portfolio bond administration and management. Mike also has extensive experience of variable annuity products, including the issues encountered in product design, hedging and reserving. He also has worked with a range of companies offering PPI products (payment protection insurance) across Europe.

Prior to joining Life Strategies, Mike worked in AEGON Scottish Equitable International and previously for Prudential International based in Dublin. He started his career in 1990 in Eagle Star (part of the Zurich Group).

Mike is a past chair of the Education Committee of the Society of Actuaries in Ireland and has served as an elected member of the Society’s Council. He is currently the deputy chair of the Society’s life subcommittee and an elected member to the Society’s Disciplinary Panel.