Milliman UK

Solving difficult challenges is what we do. #Milliman #SolutionsforaWorldatRisk #insurance #MillimanUK

Each year the Milliman UK Life and Financial Services practice analyse the results published in life insurers' Solvency and Financial Condition Reports (SFCRs) in the UK and Europe. In our latest report, authored by Sam Burgess, Neil Christy, Yuliia Maznytsia, Diya Pittie and Isabel Stansfield, we lay out a detailed analysis of UK and European life insurers where we ask ourselves the question - how solvent are UK and European life (re)insurers? Highlights from the report include: > UK life insurers reported gross Technical Provisions of £2.1 trillion at year-end 2023, up from £1.9 trillion at year-end 2022 > UK life insurers’ solvency ratios were 190% on average at year-end 2023 (up from 189% at year-end 2022), compared to 245% for EEA insurers > The use of long-term guarantee measures contributed 129 percentage points to the average solvency ratio of UK life insurers (up from 125 percentage points at year-end 2022), of which 117 percentage points came from the use of the Matching Adjustment (up from 101 percentage points at year-end 2022) To read the report, please click here: https://lnkd.in/eppYwtPG #Milliman #MillimanUK #SolvencyII #SFCR 

John Jenkins from Milliman UK will be jointly presenting with Richard Preston from Phoenix Group on the topic ‘𝗣𝗵𝗼𝗲𝗻𝗶𝘅 𝗚𝗿𝗼𝘂𝗽 𝟮𝟬𝟮𝟯 𝗣𝗮𝗿𝘁 𝗩𝗜𝗜 𝘁𝗿𝗮𝗻𝘀𝗳𝗲𝗿’ at the Institute and Faculty of Actuaries’ Life Conference in Manchester. 📅 Date: 15th October, 2024 🕒 Time: 11:40am – 12:25pm 📍 Location: Workshop B4 Join us to learn about the recent Part VII transfer carried out by Phoenix Group, to combine 4 of its life companies into one life company, involving the transfer of 5 million policies and £140 billion of assets. Richard will be sharing Phoenix’s strategic rationale, design, communication strategies, and the challenges overcome. John, as the Independent Expert, will be focusing on the key IE considerations, financial analyses, and the management of policyholder objections. Feel free to also visit the Milliman stand for a good chat and a chance to win an exciting prize! For more details, click here: https://lnkd.in/eRBaFdHN #LifeConference2024 #PartVIITransfer #LifeInsurance #MillimanUK #Milliman

John Jenkins from Milliman UK will be jointly presenting with Russell Monro from Gallagher Re on the topic ‘𝐑𝐞𝐢𝐧𝐬𝐮𝐫𝐢𝐧𝐠 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐬𝐮𝐧𝐬𝐞𝐭' at the Institute and Faculty of Actuaries’ Life Conference in Manchester. 📅 Date: 15th October, 2024 🕒 Time: 4:25pm – 5:10pm 📍 Location: Workshop C3 Join us to gain valuable insights into risk management strategies for closed with-profits funds, understanding the role of reinsurance in mitigating risks around the sunset clause, and to explore best practices for ensuring a seamless merger with the main fund. Also, pop by the Milliman stand for a chance to win an exciting prize! For more details and to register for the conference, click here: https://lnkd.in/eRBaFdHN #LifeConference2024 #WithProfitsFunds #Reinsurance #MillimanUK #Milliman

We are very excited to be exhibiting at the 2024 Association of Financial Mutuals Conference in Nottingham next week, 7-8th October. The theme of this year’s conference is “𝐁𝐞𝐭𝐭𝐞𝐫 𝐓𝐨𝐠𝐞𝐭𝐡𝐞𝐫” and we look forward to listening to a great range of sessions on related topics from monitoring value to customers to behavioural finance.   Our experts Lindsay Unwin, Sarah Walker and Dianie Ravinthiranathan will be attending and are looking forward to meeting and chatting to other professionals from across the sector. Look out for us if you’re attending, you will be able to find us in the Exhibition area between talks! #AFMConference #AFM2024 #MillimanUK #Milliman For further details: https://lnkd.in/eyipTmuS

🎉 𝐖𝐞𝐥𝐜𝐨𝐦𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐓𝐞𝐚𝐦, 𝐂𝐡𝐫𝐢𝐬𝐭𝐢𝐧𝐞 𝐅𝐚𝐢𝐫𝐚𝐥𝐥! 🎉 We are thrilled to announce that Christine Fairall will be joining the health team at #MillimanUK on Monday 7th October as a Senior Consultant. Christine brings an impressive portfolio of experience and a proven track record in delivering strategic changes and managing actuarial teams across various top-tier organizations. Christine's expertise includes: ●  Building and embedding best-in-class reserving, capital modelling and pricing processes ●  Developing actuarial policies and governance frameworks ●  Leading actuarial transformation programs ●  Implementing cutting-edge actuarial models and reporting processes ●  Actuarial Function reporting, risk assessment and quantification   Christine qualified as an actuary in 2009 and has most recently been working at Ki Insurance as a contracting actuarial director. Before that she was at Bupa for 11 years in a variety of Group reporting roles, most recently as the Group Corporate Actuarial Director, overseeing the group actuarial function and the implementation of IFRS17, providing actuarial advisory services and delivering a reserving transformation programme.

Milliman is hiring! We're looking for a BD & marketing executive in London to work closely with Virginia Ramos-Carril. The role has a heavy focus on the digital promotion of Milliman but also covers BD and events. Click the link or contact me to find out more! #hiring #businessdevelopment #marketing

Milliman is excited to announce our attendance of the Private Acute Healthcare & Cover conference, hosted by LaingBuisson. This year' s theme, “𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐬𝐮𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐝𝐚𝐭𝐚 𝐚𝐧𝐝 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐨𝐧𝐬”, promises a day packed with insightful panel discussions from industry experts, emphasizing the latest research, data, and sector forecasts. 🗓️ 𝐃𝐚𝐭𝐞: Wednesday, October 9 🕒 𝐓𝐢𝐦𝐞: 8:45 AM - 5:00 PM 📍 𝐋𝐨𝐜𝐚𝐭𝐢𝐨𝐧: etc.venues St. Paul's, London We can' t wait to connect with you! Be sure to attend our Principal's Joanne Buckle keynote session, focusing on "𝑻𝒉𝒆 𝒄𝒉𝒂𝒍𝒍𝒆𝒏𝒈𝒆𝒔 𝒂𝒏𝒅 𝒐𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒇𝒂𝒄𝒊𝒏𝒈 𝑼𝑲 𝑷𝒓𝒊𝒗𝒂𝒕𝒆 𝑯𝒆𝒂𝒍𝒕𝒉𝒄𝒂𝒓𝒆", alongside Rosie Benneyworth and Nathan Irwin for an engaging discussion. Interested in attending? Find more information here: https://lnkd.in/ejTWutRr. Don' t miss this opportunity to join one of the biggest events of the Private Healthcare calendar. Looking forward to seeing you there! #healthcare #millimanuk #privatehealthcare #laingbuisson

🌎🌟 At Milliman, we are deeply committed to our mission: To serve our clients to protect the health and financial well-being of people everywhere. It serves as a constant reminder that our work is vital, because our clients depend on us to help them deliver on the promises they’ve made to their customers, patients, members, employees, and communities. 🌍🌟 In the spirit of the Milliman mission, we are thrilled to announce the launch of our new tagline: Solutions for a world at risk™. This simple phrase is intended to convey urgency, scale, and possibility: urgency, because the risks facing our clients — from extreme weather and market volatility to financial insecurity and rising health costs — are complex and fast-evolving; scale, because no region or population is exempt; and possibility, because with the right combination of vision, technology, and expertise, no risk is insurmountable. 🌏🌟 Over the next few weeks, we will be sharing “solution stories” that illustrate how we’ve collaborated with clients to unlock innovation, expand protection, and improve lives. We hope you will find these stories compelling and inspiring, and that you will join us in celebrating our shared commitment to accelerating solutions for a world at risk. Discover how we're confronting complex risk on a global scale: https://bit.ly/47FoJkw #Milliman #SolutionsforaWorldatRisk #insurance

As financial reporting standards like 𝐈𝐅𝐑𝐒, 𝐔𝐒 𝐆𝐀𝐀𝐏, 𝐚𝐧𝐝 𝐑𝐁𝐂 continue to evolve, insurance companies face increasing challenges in 𝐢𝐧𝐭𝐞𝐫𝐩𝐫𝐞𝐭𝐚𝐭𝐢𝐨𝐧, 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞, 𝐚𝐧𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐦𝐩𝐚𝐜𝐭. For insurers operating across multiple geographies, these challenges multiply. In the latest article from our Managed Actuarial Services team, we explore the growing demand for actuarial expertise in navigating these changes and highlight the benefits of managed actuarial services as a cost-effective solution for meeting reporting requirements. Click here to read the full article: https://lnkd.in/dXWRWFjn #milliman #millimanuk #actuarialservices #ifrs #usgaap #rbc