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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THE CORONAVIRUS (COVID-19)

A global pandemic hits

What does the outbreak of the coronavirus mean for healthcare, retirement, and insurance?

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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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SAM common errors: The series

The introduction of Solvency Assessment and Management (SAM) to the South African insurance market has brought both rewards and challenges. This series of articles looks at some of the challenges that insurers face in the completion of regulatory returns and that have been observed in the Comprehensive Parallel Run (CPR).

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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

Milliman provides a round-up of recent news in the South African insurance industry. This update includes an update on IFRS 17 developments, how cyber risk is affecting insurers, various regulatory updates, as well considerations of the balance sheet and capital treatment of cryptocurrencies.

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Insight

Insight from Milliman

Article

Translating cyber threats: How to communicate cyber risk in the boardroom

There is a significant need in the market to transform cyber assessments, information technology metrics, and information security into the common language of risk management.
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Podcast

Could cyber risk be the next “Big Short”?

The parallels between the lead-up to the mortgage crisis and the rapid growth of the cyber insurance market are eerily similar.
Listen now
Article

Could cyber risk be the next “Big Short”?

The parallels between the lead-up to the mortgage crisis and the rapid growth of the cyber insurance market are eerily similar.
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Article

The cyber risk spend: How do you quantify the cost of cyber risk – and your return on investment?

As cyber evolves as a threat, companies are facing an increasingly complex enterprise risk management process.
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Article

For M&A professionals, quantifying cyber risk is key

Over the past 15 years, cyber risk has evolved from a nuisance some businesses hoped to ignore to an imposing and often unpredictable risk with the potential to cause tremendous harm.
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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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Marissa Pieterse

Marissa Pieterse

Consulting Actuary

Marissa Pieterse is a consultant in life insurance with experience across financial reporting, mergers and acquisitions, financial modelling and regulatory assistance.

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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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Avashni Rossouw

Consulting Actuary

Avashni Rossouw is a consultant focusing on life and non-life insurance, published and statutory financial reporting and pricing.

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