Life insurance

By Henny Verheugen  |  22 January 2018

This article discusses the possible implications of each of the three approaches to transition to IFRS 17 and why insurers will need to choose their options carefully.

By Kurt Lambrechts, Moussa Ouédraogo, Kamiel van Langen, Peter Franken  |  22 January 2018

This report summarises the Solvency and Financial Condition Reports of the main players in the life and non-life insurance business in Luxembourg.

By Carl A. Friedrich, Susan J. Saip  |  19 January 2018

A 2017 Milliman survey of key life insurance industry competitors captured historical data and company perspectives on a range of term life insurance issues.

28 December 2017

Automated underwriting and new data sources are making insurance possible for many people who would previously have found it too expensive – or even not available at all.

28 December 2017

Big Data can now provide you with the most likely scenario of how and when you will meet your end. So what will it mean for the future of risk management and lifestyle planning?

By Ellen Matthews, Sinéad Clarke  |  08 December 2017

To help prepare for Solvency II reporting throughout 2018, we have prepared a briefing note detailing Solvency II reporting deadlines in 2018 and the changes in the reporting framework relative to the previous year.

By Sinéad Clarke  |  07 December 2017

This analysis of European life insurers’ first set of Solvency and Financial Condition Reports covers 200 companies from 13 countries, representing approximately €475 billion of gross written premium and approximately €4,700 billion of gross technical provisions.

By Thomas Bulpitt, Andrew Gilchrist, Philip Simpson, Andrew Kay  |  07 December 2017

This paper focuses on the choice of calculation methodology for the Risk Adjustment that forms part of the Fulfilment Cash Flows under the General Model in IFRS 17.

By Karl Murray, Eamonn Phelan  |  06 December 2017

Conduct risk management is still evolving, and this paper looks at recent and ongoing developments from around the globe.

By David Kirk, David Kirk, Morne de Vos  |  30 October 2017

While life insurers have historically been required to appoint a statutory actuary to fulfil some of the tasks expected of the Head of the Actuarial Control Function, this is a new requirement for short-term insurers.

By William C. Hines, Andrew Kay, Padraic O'Malley, Henny Verheugen  |  19 October 2017

Our IFRS 17 Seminar provided a detailed view of the requirements, methodology and practical challenges involved in implementing the new insurance contract standard, IFRS 17.

By Craig McCulloch  |  18 October 2017

The power of sophisticated analysis, combined with more effective communication from advisers taking into account behavioural biases, can help investors achieve their goals like never before.

By Scott Mitchell, Kevin Manning, Eamonn Phelan  |  13 October 2017

In this short paper, Kevin Manning, Eamonn Phelan and Scott Mitchell explore the re-emergence of ILS in the life industry and the benefits ILS can bring for life insurers and reinsurers in the context of the evolving regulatory and accounting environment and an increasing focus on pro-active management of risks, capital and liquidity.

By Neil Dissanayake, Peter Lin  |  09 October 2017

The FTSE 100 dropped by 0.7% in September and the Eurostoxx 50 index returned over 5% during the month.

By Neil Dissanayake, Peter Lin  |  19 September 2017

European equity markets posted mixed results in August with geopolitical tensions leading to increased volatility during the month.

By Jeff Gebler  |  12 September 2017

Inflation is an important factor to consider in portfolio construction, but the Milliman Retirement Expenditure and Profiles shows that the Consumer Price Inflation index is far from an accurate measure for retirees.

By Michael Daly, Shoaib Javed Hussain, Suthida Supantamart  |  12 September 2017

This e-Alert provides commentary on the introduction of new mortality tables, the differences in the new tables compared to the prior tables, and some implications for life insurers in Thailand.

By Patricia L. Renzi  |  07 September 2017

Pat Renzi, Milliman’s global leader in the technology area, discusses the transformation of financial reporting systems.

By Dermot Corry  |  07 September 2017

Dermot Corry discusses possible future trends for the Irish market based on his global observations.

By Ram Kelkar, Daren Lockwood, Xiaohong Mo, Adam Schenck  |  07 September 2017

The expected hedge cost for a hypothetical lifetime GMWB block (see Index Methodology1) is estimated to be 137 bps as of the end of August 2017, up 10 bps from the previous month, driven by an increase in long-term swap interest rates.