Welcome to Milliman South Africa
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
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.
We’re driving the future with our analytics and modelling technologies
Arius
Analyse unpaid claims liabilities with industry-leading stochastic and deterministic reserving tools and methods.
VEGA
Streamline Solvency II compliance with a multi-user, multi-site tool for Standard Formula SCR and quantitative reporting templates.
Integrate
Automate and accelerate actuarial modelling and reporting with a powerful, cloud-based solution.
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.
Insight from Milliman
Meet some of the experts leading Milliman South Africa
David Kirk
David Kirk is the managing director for Milliman in Africa. He specialises in risk and capital management, regulatory change and insurance strategy.
Susan Melmed
Susan Melmed is a consultant focusing on life insurance, asset-liability management, market and operational risk management, and financial reporting.