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Laurent Devineau, IA

Principal – R&D
Paris, FR

Tel: +33 1 42991571

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Professional Designations

  • Member of the French Institute of Actuaries, ()


  • Master's degree in financial and actuarial sciences (ISFA)
  • High-level diploma in mathematics, ("Agrégation de mathématiques")

Current Responsibility

Laurent is principal and head of research and development in Milliman's Paris office. He joined the Paris office in 2008.


As head of R&D, Laurent supports both life and non-life practices in the Paris office. His work includes the conception and implementation of Solvency II internal models as well as methodological support. He has focused on risk modelling, including the construction and calibration of economic scenario generators, credit risk modelling, stochastic mortality modelling, and stochastic reserving techniques in non-life insurance. He also has experience in variable annuities pricing and hedging and in securitization of insurance risks.

He was previously head of R&D at B&W Deloitte.

Laurent is currently a lecturer at France's EURIA actuarial school and at the French Institute of Actuaries (ERM training). He's also a researcher in Lyon 1 university. Laurent has given talks in non-life reserving deterministic methods and stochastic methods and has also lectured at universities of economics in Ho Chi Minh City and Hanoi, Vietnam.

Laurent is fluent in French and English and has a working knowledge of Spanish.


  • L. Devineau, S. Loisel, "Construction of an acceleration algorithm for the calculation of economic capital by the Nested Simulations technique" (BFA)
  • L. Devineau, S. Loisel, "Risk aggregation in Solvency II: How to converge the approaches of the internal models and those of the standard formula?" (BFA)
  • L. Devineau, M. Chauvigny "Replicating Portfolios : Calibration techniques for economic capital calculation" (BFA)
  • M. Chauvigny, L. Devineau, S. Loisel, V. Maume-Deschamps, "Fast remote but not extreme quantiles with multiple factors. Applications to Solvency II and Enterprise Risk Management" (European Actuarial Journal)
  • J. Vedani, L. Devineau, " Solvency assessment within the ORSA framework: issues and quantitative methodologies" (BFA)
  • Work at Milliman

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