Welcome to Milliman South Africa

We provide coverage across sub-Saharan Africa, focussing on life, non-life and microinsurance. Our team helps insurers deal practically with financial reporting, regulatory change, M&A, market entry and head of actuarial and risk functions.

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Navigating choices

IFRS 17

The new IFRS standard for insurance contracts promises to have a transformative effect on insurers’ financial reporting. Milliman has unparalleled experience with Solvency II and other regulatory regimes, coupled with groundbreaking systems implementation and industrialisation capabilities.

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We’re driving the future with our analytics and modelling technologies

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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Financial modelling & industrialisation

Integrate

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

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Article

South Africa: Insurance Industry Update

In October 2024, Milliman hosted a breakfast for the South African insurance industry. In this issue of the Milliman Insurance Industry Update, we take a closer look at the topics discussed and highlight some of the key takeaways from the conversations.

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Insight

Insight from Milliman

Benchmarking survey

South African insurance industry climate progress

Key observations from the inaugural Milliman Benchmarking Climate Survey in South Africa

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Article

Do South African government bonds have only negligible credit risk?

To gauge the risk of South African government bonds, we examine the risks of country default, credit migration, and spreads

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Article

Reassessing SAM equity shocks: Is the current calibration still fit for purpose?

With over a decade of new market data since the original calibration, it is time to revisit whether the current prescribed equity shocks under the Solvency Assessment and Management (SAM) framework reflect the risks faced by South African insurers.

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Article

Ring-fencing capital gains, assessed loss recoverability and LACDT for South African insurers

The loss-absorbing capacity of deferred taxes (LACDT) can have a major impact on an insurer’s Solvency Capital Requirement (SCR) and SCR cover on the South African regulatory basis.

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Practice leaders