• Stochastic modeling to reflect investment risk in funding liabilities for pension plans

  By Bryan Jones | 19 November 2019

  By tweaking existing familiar concepts—the funding liabilities—we can leverage the understanding that employers already have about their pension plans to explain various risks, some of which are very pertinent to decision making.

• Monthly Benefit News and Developments, November 2019

  By Milliman Employee Benefits Research Group | 19 November 2019

  Monthly benefits news and developments in the United States.

• Milliman Market Monitor London - 31 October 2019

  By Neil Dissanayake, Peter Lin, Nima Shahroozi | 19 November 2019

  European equity markets had a mixed performance in October.

• Global life insurance / reinsurance actuarial outsourcing survey

  By Shamit Gupta, Richard W. Holloway, Heerak Basu | 18 November 2019

  Milliman conducted a survey to assess trends in life insurance actuarial outsourcing.

• 2020 key administrative dates and deadlines for calendar-year single-employer defined benefit plans

  By Milliman Employee Benefits Research Group | 18 November 2019

  Key administrative dates and deadlines for calendar-year single-employer defined benefit plans subject to ERISA and the Internal Revenue Code.

• Solvency II’s one-year time horizon: A case for including the full variance

  By Mark R. Shapland | 18 November 2019

  Under Solvency II, non-life reserving risk takes on a meaning based on the change in the estimated ultimate loss over a one-year time horizon, which accounts for the payments during the one-year time horizon and the consequences for future payments after the one-year time horizon.

• 2020 Cost-of-Living Adjustments for Medicare

  By Milliman Employee Benefits Research Group | 15 November 2019

  The Department of Health and Human Services' Centers for Medicare and Medicaid Services (CMS) has announced cost-of-living adjustments (COLAs) for Medicare Parts A and B for 2020.

• Six challenges to successful adoption of value-based care in the Middle East

  By Lalit Baveja, Alison Counihan, Carol Bazell | 15 November 2019

  The successful adoption of value-based care in the Middle East faces important challenges.

• Solvency II's one-year time horizon: A refined approach for non-life risk margins

  By Mark R. Shapland | 15 November 2019

  Under Solvency II, reserving risk takes on a different meaning, based on the change in the estimated ultimate loss over a one-year time horizon, which accounts for the payments during the one-year time horizon and the consequences for future payments (i.e., the change in reserves) after the one-year time horizon.

• Cash Flow and Unpaid Claim Runoff Estimates Using Mack and Merz-Wüthrich Models

  By Mark R. Shapland | 15 November 2019

  This paper focuses on the closed form model developed by Mack, modified by Merz and Wüthrich to address the one-year horizon under Solvency II, and on its extension for two-year, three-year, etc. time windows that can be reconciled back to the original Mack formulas.

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