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Mario Hoerig, DR., AKTUAR DAV

Dusseldorf, DE

Tel: +49 211 93668813

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Professional Designations

  • Aktuar DAV (qualified actuary, German actuarial society)


  • PhD, Mathematics, University of Karlsruhe, Germany
  • Diploma, Business mathematics, University of Karlsruhe, Germany

Current Responsibility

Mario is a principal co-leading the German life practice of Milliman in Dusseldorf, where he has worked since the foundation of the practice in 2012.


Mario advises a variety of companies in German-speaking countries on economic capital modeling topics such as:

  • Review and validation of market risk models
  • Review, re-calibration and enhanced topics for risk-neutral valuation ESGs
  • Review and validation of dependency modeling for overall risk factor universe using copulas
  • Implementation and validation of proxy models such as replicating portfolios and Least Squares Monte Carlo approaches
  • Asset modelling
  • Automation of economic capital process

Mario is responsible for Milliman's STAR solutions NAVI software, aiming at automating the ESG and proxy modelling framework.

Mario has also authored various articles on economic scenarios and risk aggregation-related topics and has given presentations on these topics all over Europe.

Prior to joining the Dusseldorf office, Mario worked for Generali Germany, where he was working on stochastic models and risk aggregation topics.


  • Member of the working parties "Risk aggregation" and "Internal models" of the German actuarial society (DAV)
  • Head of working party on "ESG calibration" of the German actuarial society
  • Work at Milliman

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