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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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Webinar

Product, Performance and EV in an IFRS 17 World

Friday 27 October, 8:30 a.m. South Africa Standard Time

Thoughts for South Africa, with insights from Asia and Europe

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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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Featured Products

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

Reserving and IBNP reserve estimation
Reserving

Arius

Analyse unpaid claims liabilities with industry-leading stochastic and deterministic reserving tools and methods.

Solvency II reporting and compliance
Solvency II reporting & compliance

VEGA

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

Financial modeling and industrialization
Financial modelling & industrialisation

Integrate

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

Article

South Africa: Insurance Industry Update

In South Africa, there hasn’t been much positive news recently for the insurance industry. New business margins and volumes remain under pressure, load shedding remains pervasive, and business confidence and activity are low. Yet some positive news hints at signs of the bottom.

Read the update
Insight

Insight from Milliman

Article

Responses to the COVID-19 pandemic in South Africa: Impacts on life insurance and how insurers responded

Effective executives and boards are challenging their thinking and decisions as they manage the ongoing impact of the pandemic.
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Article

Licensing requirements for South African microinsurers

New regulations encourage innovation and transformation in South Africa’s insurance industry.
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Article

Draft public disclosure standard for insurers

The Prudential Authority (PA) published in July the draft Prudential Standard on public disclosures for insurers (PDI) and related guidance notice (GN) for public comment.
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Article

Calculating the SAM non-life risk margin

Insurer beware: Before more guidance from South African regulators becomes available, we offer our approach to calculating the SAM non-life risk margin.
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Practice leaders

Meet some of the experts leading Milliman South Africa

Kirk David

David Kirk

Consulting Actuary

David Kirk is the managing director for Milliman in Africa. He specialises in risk and capital management, regulatory change and insurance strategy.

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Susan Melmed

Consulting Actuary

Susan Melmed is a consultant focusing on life insurance, asset-liability management, market and operational risk management, and financial reporting.

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