Meet growing needs for innovative insurance solutions while increasing operational health and improving compliance.
Manage complex risks using data-driven insights, advanced approaches, and deep industry experience.
This is a place where your ideas and insights make an impact. Where an independent, entrepreneurial spirit is an advantage. And where diversity of thought and experience makes us who we are.
Data-driven insight. Deep expertise. Transformative innovation. Since 1947, Milliman has delivered intelligent solutions to improve health and financial security.
In the rapidly changing arena of capital management, we offer objective insight. As insurers develop new products with complex risks, we help measure and manage related capital and reserve levels, with expertise in frameworks around the world. Our risk-management expertise positions us to provide strategic advice. As economic capital methodologies continue to evolve, with Milliman, you know you’ll have sound best practices on your side.
Efficient capital management is a key consideration for many (re)insurance companies. Milliman are market-leading experts on capital management solutions and can support you through a range of services in this area.
Solvency II presents a number of options in respect of capital management, including internal models and partial internal models, Volatility Adjustment, Matching Adjustment, use of ancillary capital, Own Funds restructuring, management actions, the Loss-Absorbing Capacity of Deferred Taxes, and USPs.
An effective market risk and credit risk hedging program is critical from a standpoint of both solvency and earnings stability for (re)insurers, and for managing counterparty exposures. Hedging strategies can also be implemented to manage lapse, longevity, mortality, and morbidity risk.
Reinsurance remains a key capital management tool for (re)insurers to find ways to manage risks and the related capital requirements, and to optimise solvency balance sheets. We can help identify, structure and model an effective reinsurance arrangement.
An independent review of investment strategies, utilising techniques such as asset-liability matching and risk-return optimisation, can help improve efficiency with your capital management strategy, while preserving sufficient liquidity.
The potential capital benefits arising from under-funding of unit-linked liabilities represent a significant opportunity for many life insurers, which may lead to lower capital requirements, and greater stability of the Solvency II balance sheet
We have experience implementing innovative capital management solutions for clients, such as: embedded value in-force securitisations and monetisation, overcoming contract boundary constraints, and structuring of contingent capital.
We can help you implement economic capital models aligned with business strategies, with realistic assessments for today and tomorrow. You can rely on our strong track record of tailoring internal capital models to satisfy specific needs. We provide the incisive analysis necessary to meet regulators' requirements and to conform to emerging industry standards in the United States, under Solvency II in Europe, and using the IAIS global framework.
Milliman Integrate® is an actuarial platform with features that help companies stay more agile and responsive with advanced capital management capabilities. Although insurers need to meet quarterly requirements, market factors and other external pressures can affect the capital position every day. With Integrate, actuaries can evaluate real-time changes in market conditions on their capital position in just a few hours.
This paper covers a number of areas including how LACDT is calculated under the Solvency II regulations, how firms can justify an allowance for LACDT, the modelling of future taxable profits, the practical challenges in…
Commercial and residential mortgages can give European life insurers meaningful returns in the search for yield.
This year’s asset liability management (ALM) Metrics Survey seeks to understand the current international practice in a variety of representative markets in terms of the approaches and the metrics used in ALM by global…
This report examines the new Alternative Methodology for yield curve construction under Solvency II.
In this paper, the authors examined a group of VA carriers during the first six months of 2020.
This research paper explores a range of reinsurance strategies that could be utilised by life insurers for capital management purposes.
Solvency II matching is no longer just a theoretical concept but rather a common strategy used by UK insurers with material blocks of unit-linked business to help improve liquidity and balance sheet stability, and better…
This briefing note summarises the new design of the Volatility Adjustment (VA) and presents an impact analysis on the effectiveness of the VA under this approach.
Insurers should consider if their existing investment strategies remain optimal, or even appropriate, under Solvency II.
With the introduction of Solvency II next year, insurers are focusing on capital management and strategic implications surrounding the programme.
An exploration of the possible impact of risk-based economic capital and ERM frameworks on a non-life insurer’s reinsurance strategy.
Kevin Manning discusses managing capital in a Solvency II environment, covering dividend constrictions, reinsurance and investment strategy.
Automate and accelerate actuarial modelling and reporting with a powerful, cloud-based solution.
Streamline Solvency II compliance with a multi-user, multi-site tool for Standard Formula SCR and quantitative reporting templates.
Dramatically reduce the time required for life insurance reserves and liabilities calculations with innovative modelling.
Monitor and assess compliance with Solvency II while creating an audit trail of completed work and a development plan for future actions.
Analyse unpaid claims liabilities with industry-leading stochastic and deterministic reserving tools and methods.
Assess capital requirements under a wide range of frameworks and get effective strategic advice on how to manage capital.
Understand the impact of a large event on your portfolio, including analysis of loss-expected contract carve outs.
Use capital more efficiently to protect against financial risk and comply with growing rating and regulatory requirements.
Meet exacting standards while managing the operational and strategic implications with our modelling, actuarial, and consulting skills.
Uncover valuable information hidden in your data, allowing you to take action on key business insight.
Manage Solvency II implementation across pricing, underwriting, risk management, reporting, and more.
Ask the tough questions. We’re ready for them.
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