THE CORONAVIRUS (COVID-19)

Confronting a global pandemic

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

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.

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).

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.

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.

Monique Hoffman

Monique Hoffman

Actuarial Consultant

Monique Hoffman is a non-life consultant in Milliman's South African office. She re-joined the firm in 2018.

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.

Susan Melmed

Consultant

Contact us

We’re passionate about partnering with people to solve complex problems. Let’s chat about what’s going on with your business and how we can help.