Solvency II

By Ian Humphries, Robert Bugg, Veekash Badal  |  02 October 2017

This article provides an extended summary of the proposed changes from two Consultation Papers that will apply to Solvency II insurers, Insurance Special Purpose Vehicles and large Non-Directive Firms.

By Edward Morgan, Jeremy Kent  |  19 September 2017

This paper introduces a new methodology for measuring new business value and new business profitability in the Solvency II world.

27 July 2017

On 4 July 2017, the European Insurance and Occupational Pensions Authority (EIOPA) released a Consultation Paper on its first set of advice to the European Commission on the Solvency II Review.

By Emma Hutchinson, Marie-Lise Tassoni, Stuart Reynolds, Oliver Gillespie  |  18 July 2017

A summary of findings on the Transitional Measure on Technical Provisions (TMTP relief) and views on different approaches to recalculating the TMTP relief and the associated key issues and challenges.

By Eoin King, Bridget MacDonnell  |  23 June 2017

It is worthwhile spending some time to ensure that your company’s 2017 ORSA is in line with best practice in terms of both format and content.

By Steven Hooghwerff, Roel van der Kamp, Sinéad Clarke  |  21 June 2017

This article provides a short overview of the structure of the Standard Formula, presents a suggested framework and worked examples, and discusses challenges and pitfalls to be considered.

By Sinéad Clarke  |  20 June 2017

Sinéad Clarke presents findings from our review of published SFCRs and the associated QRTs for year-end 2016.

By Caoimhe Fahy, Bridget MacDonnell, Eoin King  |  25 May 2017

The second Milliman Evening Briefing took place on 24 May 2017. The theme of the evening briefing was “Hot Topics”.

By Richard C. Frese, Tony F. Bloemer  |  02 May 2017

Actuarial expertise is important when working with an actuary but is not the only criteria that should be considered.

By Aisling Barrett, Mike Claffey, Andrew Gilchrist, Thomas Bulpitt  |  21 April 2017

In April 2017, EIOPA published its final decision on the methodology for the annual calculation of the Ultimate Forward Rate for each currency. This briefing notes summarises the key features of the final methodology and the changes made to proposals set out in the Consultation Paper CP16/03 in April 2016.

By Edward Morgan, Jeremy Kent  |  13 April 2017

The Solvency II Appraisal Value provides a workable methodology for use in M&A transactions, which is aligned with the way that investors generally view potential target companies.

By Aisling Barrett, Sinéad Clarke  |  04 April 2017

In February 2017, the Central Bank of Ireland published letters on its website relating to its review of the consistency of Solvency II life insurance pricing and reserving assumptions.

By Bridget MacDonnell  |  30 March 2017

Bridget MacDonnell looks to the future in her presentation, which focuses on a sample of hot topics expected to challenge companies in the not-too-distant future.

By Andrew Kay  |  30 March 2017

Andrew Kay provides insight into the world of a Reviewing Actuary.

By Mike Claffey  |  30 March 2017

Mike Claffey recaps some of the main themes and topics that companies faced during year-end 2016.

By Eoin King, Bridget MacDonnell, Eamonn Phelan  |  09 February 2017

An exploration of the requirements for reinsurers and the possibilities for recovery measures as regulators focus on recovery and resolution planning.

By Sinéad Clarke  |  27 January 2017

The Solvency II annual Quantitative Reporting Templates (QRTs) and narrative reports, the Solvency and Financial Condition Report (SFCR) and the Regular Supervisory Report (RSR) are required for the first time in May 2017 for many European (re)insurers.

By Gillian Tucker, Eamonn Phelan  |  26 January 2017

EIOPA published a Financial Stability Report, Stress Test Report and Long Term Guarantee Measures Report in December 2016. This briefing note summarises some of the key pieces of information from these reports with a focus on Solvency Capital Requirement coverage ratios.

By Gillian Tucker, Aisling Barrett, John Mulvihill  |  21 January 2017

EIOPA has launched a review of specific items in the Solvency II Delegated Regulation with a particular focus on the standard formula Solvency Capital Requirement (SCR).

By Kurt Lambrechts, Henny Verheugen, Takanori Hoshino, William C. Hines  |  19 December 2016

This paper discusses critical points of attention regarding IFRS17 and suggests possible first steps towards implementation.