Demosthenis Demosthenous
FSA, CERA
Principal & Consulting Actuary
Nicosia, Cyprus
Demosthenis is a principal within Milliman’s ICEE Practice (Italy and Central and Eastern Europe), leading the office in Nicosia, Cyprus, that also serves the Greek market. His team also supports insurance consulting projects elsewhere in ICEE and other areas. Demosthenis joined the firm in 2011.
Experience
Demosthenis has over 22 years of combined actuarial experience in both life and non-life insurance, the last 15 in Milliman.
Demosthenis worked on a wide variety of projects, including the following:
- IFRS 17 implementations, reviews and audits support
- Risk management
- Solvency II – worked on all pillars
- Modelling for life and health products
- Mergers and acquisitions
- System transition
- Assigned Actuary roles
- Reserve reviews
- Expert Witness
Before joining Milliman, Demosthenis worked as:
- CNP Laiki Insurance Non-Life (Cyprus): Actuary
- Swiss Reinsurance - Life (New York, USA): Valuation and Economic Modelling / Embedded Value
- Swiss Reinsurance - Life &Health (London, UK): Valuation; Health Team Manager (contract)
Demosthenis is a native speaker of Greek and is fluent in English.
Publications and Presentations
Demosthenis presents frequently in professional meetings and seminars.Demosthenis participated in the following Milliman papers:
Professional Designations
- FSA - Fellow, Society of Actuaries (USA)
- CERA - Chartered Enterprise Risk Analyst
- FCAA - Fellow, Cyprus Association of Actuaries
Education
- MSc, Actuarial Mathematics, University of Michigan, Ann Arbor, MI, USA
- BSc, Mathematics, University of Cyprus, Nicosia, Cyprus
Affiliations
- Society of Actuaries: Fellow member
- International Ambassador for Cyprus and Greece (2019+)
- Volunteer with various other activities
- In Cyprus
- Actuarial Association:Fellow member
- Served on CAA Executive Council (2014-2018),
- CAA Annual Conferences: Organisation Lead (3rd Conference - 2017), Chairman (2nd Conference - 2014)
Publications
Read their latest work
Article
IFRS第17号ベンチマーク：2023年度
30 July 2024 - by Demosthenis Demosthenous, Markus Hersche, Dilesh Patel, Jean-Baptiste Sallmann, Francois Uzan, Henny Verheugen
契約上のサービスマージン、リスク調整、および再評価は、2023年の欧州保険会社の業績に大きな影響を与えました。
Article
IFRS 17 benchmarking: FY 2023
30 July 2024 - by Demosthenis Demosthenous, Markus Hersche, Dilesh Patel, Jean-Baptiste Sallmann, Francois Uzan, Henny Verheugen
For European insurers, contractual service margin, risk adjustment, and reevaluations significantly influenced performance in 2023.
Article
ギリシャ保険セクター：他国の経済のように回復するも課題が残る
10 October 2019 - by Demosthenis Demosthenous, Ed Morgan
ギリシャの保険市場は、2009年から2016年まで毎年縮小しました。ここ数年は改善がみられるものの、2009年のピーク水準を約30％下回ったままです。
Article
The Greek insurance sector: Recovering like the rest of the economy but with its own challenges
10 October 2019 - by Demosthenis Demosthenous, Ed Morgan
The Greek insurance market contracted every year between 2009 and 2016, and even with improvement in the last couple of years, is still nearly 30% below the peak level reached in 2009.