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Luca Inserra

Principal, Managing Director, Spain and Portugal
Madrid, ES

Tel: +34 91 5984077

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Professional Designations

  • Fellow, Institute of Actuaries of Australia


  • Bachelor of Economics and Commerce, Honours, The University of Melbourne

Current Responsibility

Luca is a principal in the Madrid office of Milliman, where he is managing director for Spain and Portugal. He joined the firm Milliman in 2009.


Luca has more than 15 years of experience working in the insurance industry, mainly in consulting, and has lived and worked in a number of insurance markets, including the United States, United Kingdom, Australia, and continental Europe, including seven years in Spain and Portugal.

He has ample experience in mergers and acquisitions, risk management, economic valuation and capital.

Luca is considered an expert in Solvency II.

He has significant experience advising insurance companies in the areas of mergers and acquisitions, being involved in approximately 40 major transactions (in the United States, United Kingdom, and continental Europe), leading the actuarial work for more than 10 in Spain, as well as various due diligence processes and independent valuation opinions.

Recently, Luca led the Milliman team that acted as the lead full-service advisor for the VIF monetisations of both of the top two banks in Spain and Portugal.

During his career, Luca has also reviewed the externally reported embedded values of six European multinationals.

Before joining Milliman, he was the director of risk programmes for the insurance operations of the Fortis group (Ageas), with responsibility for managing the overall rollout of risk management and Solvency II capabilities across the group.

Luca is fluent in English and Spanish.

  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman