Insurance Solutions

Financial reporting

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Success by the numbers

Evolving regulatory and financial reporting standards are challenging to interpret and implement. Milliman provides end-to-end support for Solvency II, IFRS, US GAAP, and LDTI. With decades of experience, we have the historical understanding, agency relationships, and tools and expertise to streamline and improve compliance.

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OVERVIEW

Milliman financial reporting solutions

Financial projections and reporting

Accurate, actionable financial projections and reporting require sophisticated modelling tools and expertise in regulatory environments across the globe. We design and customise financial projection tools that help you understand the impact of pending changes on reserves and capital. With a clear, independent analysis of your financial situation and capital requirements, you can make strategic decisions built on top-quality projections.

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IFRS reporting

Our sophisticated stochastic modelling tools can help calculate items such as discounting, risk margins, and the correlation between different lines of business for the preparation of financial statements in accordance with the latest IFRS accounting standards. We communicate concepts in a clear, concise, and informative manner so you can act on the information.

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Solvency II

The EU Solvency II directive affects all operations that are at the heart of the insurance business: pricing, underwriting, assessment, risk management, assets management, internal and external reporting, and more. We are one of the world’s leading experts on Solvency II and approach these issues in a holistic fashion, helping you go beyond the basics and use modern modelling approaches to improve your business.

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Insight

Milliman financial reporting insight

Article

Managed actuarial services

Managed actuarial services offer insurance companies a practical, cost-effective solution for meeting reporting requirements.

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Article

Roundtable: Life reinsurance – September 2023

A roundtable discussion covering the implications of PRA reforms to Solvency II and the updated FSMA bill.

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Briefing note

Market insight from year-end 2022 SFCRs: Analysis of health insurers based in the UK

We analyse the Solvency and Financial Condition Reports (SFCRs) of the health insurers that primarily sell UK domestic private medical insurance (PMI).

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Briefing note

CP12/23 – Review of Solvency II: Adapting to the UK insurance market

In June 2023, the Prudential Regulation Authority (PRA) published its Consultation Paper 12/23 (CP12/23), covering the first set of proposed reforms to Solvency II....

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Milliman financial reporting products

Financial modelling & industrialisation

Integrate

Automate and accelerate actuarial modelling and reporting with a powerful, cloud-based solution.

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Solvency II reporting & compliance

VEGA

Streamline Solvency II compliance with a multi-user, multi-site tool for Standard Formula SCR and quantitative reporting templates.

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Solvency II compliance

Solvency II Compliance Assessment Tool

Stay Solvency II compliant with our cloud-based tool, simplifying the latest regulations into straightforward self-assessments while tracking your compliance progress.

Financial reporting