Statutory Actuary — Life

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The consultants in our Africa practice have extensive experience in the key statutory actuarial roles required for a successful life insurer or reinsurer. These include:

  • Appointed Actuary
  • Actuarial Function
  • Signing Actuary (Life Reinsurance)
  • Reviewing Actuary (Life Reinsurance)
  • Reporting Actuary
  • PRSA Actuary

We currently discharge the Appointed Actuary role under the Solvency I regime for a wide range of clients. We are pleased that a considerable number of our Appointed Actuary clients have already engaged our services to discharge the Actuarial Function role under Solvency II.

A number of our consultants discharge the Signing Actuary role for Irish life reinsurance companies and are ideally placed to discharge the new Reviewing Actuary role for such companies.

Our consultants discharge the Reporting Actuary role for a range of Irish companies and also discharge the PRSA Actuary role for a number of PRSA product providers in Ireland, including both insurer and non-insurer providers of PRSAs.

In addition to discharging the actuarial statutory roles set out above, our consultants are very active in the field of enterprise risk management and would be ideally placed to discharge the Chief Risk Officer (CRO) or Risk Management Function roles on an outsourced basis.

Using Milliman consultants to discharge these key roles will ensure that the role is discharged at a very high standard. We pride ourselves on the quality of our work and in the strength of our internal peer review processes that ensure a high quality output. In addition, our clients value our willingness to proactively contribute to their business. We are not afraid to provide our opinion, and in discharging statutory roles, we pride ourselves on adding value for our clients. We work hard to keep abreast of the key emerging issues in the life insurance and reinsurance markets to help our clients remain on top of the challenges they need to face today—and be aware of the challenges they are likely to face tomorrow.

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