Aldo Balestreri
ISOA
Principal and Managing Director Italy & CEE
Milan, IT
Aldo Balestreri is principal and managing director for Milliman’s practices in Italy and Central and Eastern Europe, which includes the offices in Milan, Warsaw, Bucharest, Istanbul, and the satellite office in Nicosia, Cyprus that also serves the Greek market. His team also carries out insurance consulting missions in other parts of Europe.
Experience
Aldo is a life acturary, fluent in Italian and English. His experience includes M&A, financial reporting, asset liability management, Solvency II, and local and IFRS reporting.
Publications and Presentations
Aldo speaks at industry and professional meetings. He has published articles and papers about Solvency II, Risk Management, ALM, and Capital Management.
Professional Designations
- Member, Ordine Italiano degli Attuari (Italian Society of Actuaries)
- Member, AFIR and IIA (International Actuarial Association)
Education
- Degree in Actuarial Sciences and Statistics (maximum of marks), University of Rome “La Sapienza”
Publications
Read their latest work
Article
IFRS 17 hedging: A case study on an Italian segregated fund
03 June 2025 - by Aldo Balestreri, Grzegorz Darkiewicz, Matteo Fruzzetti, Ken Qian
As many life insurance companies are struggling with volatility due to IFRS 17, we show how to mitigate the problem for products under the variable fee approach.
Article
IFRS第17号ヘッジ：イタリアの分離勘定に関するケーススタディ
03 June 2025 - by Aldo Balestreri, Grzegorz Darkiewicz, Matteo Fruzzetti, Ken Qian
多くの生命保険会社がIFRS第17号によるボラティリティに苦慮しているため、本稿では変動手数料アプローチによる商品に対する問題を軽減する方法についてお伝えします。
Article
金利上昇に伴う動的解約
28 March 2025 - by Aldo Balestreri, Alessio Brancolini, Grzegorz Darkiewicz, Franck Ludwig, Abraham Mapelli, Dr. Sven Wagner
本稿では、近年の金利上昇を受けて、ドイツ、フランス、イタリアにおける動的解約について調査します。
Article
Dynamic lapses following an increase in interest rates
28 March 2025 - by Aldo Balestreri, Alessio Brancolini, Grzegorz Darkiewicz, Franck Ludwig, Abraham Mapelli, Dr. Sven Wagner
We examine dynamic lapses in Germany, France and Italy, following the increase in interest rates in recent years.
Video
Milliman Lunchtime Webinar: 20 March 2024
20 March 2024 - by Sinéad Clarke, Patrick Meghen, Aldo Balestreri, Aisling Barrett
We reflect on the 10-year evolution of the ORSA, questioning whether it delivers on the original aim to be “at the heart” of Solvency II; we explore 2024 trends covering process enhancements, automation, and transformation; and we delve into the background of the insolvency and subsequent rescue of the Italian insurer Eurovita.
Video
ミリマン・ランチタイム・ウェビナー：2024年3月20日
20 March 2024 - by Sinéad Clarke, Patrick Meghen, Aldo Balestreri, Aisling Barrett
ORSAの10年間の変遷を振り返り、ORSAがソルベンシーⅡの「核心」になるという当初の目的を果たしているかどうかを問い直します。また、プロセスの強化、自動化、変革を取り上げて2024年のトレンドを探り、イタリアの保険会社Eurovitaの債務超過とその後の救済の背景について掘り下げます。
Article
ミリマンの気候変動報告バロメーター
02 March 2024 - by Fanny Pouget, Jeremy Payen, Joanne Buckle, Adél Drew, Sinéad Clarke, José Silveiro, Aldo Balestreri, Tigran Kalberer, Menno van Wijk
2025年に持続可能性に関する報告の新たなフォーマットが開始されるため、欧州の（再）保険会社、開示情報、また気候関連財務情報開示タスクフォース（TCFD）の勧告内容の間のギャップが縮まることを期待しています。
Article
Milliman Climate Change Reporting Barometer
02 March 2024 - by Fanny Pouget, Jeremy Payen, Joanne Buckle, Adél Drew, Sinéad Clarke, José Silveiro, Aldo Balestreri, Tigran Kalberer, Menno van Wijk
We expect the gap to close between European (re)insurers, disclosures, and TCFD recommendations as a new format for sustainability reporting starts in 2025.
Article
Credit risk models in risk-neutral valuation of options and guarantees
19 August 2020 - by Grzegorz Darkiewicz, Ed Morgan, Aldo Balestreri
How are joint interest rate and credit risk for risk-neutral valuation typically offered by providers of economic scenario generators?
Article
オプションおよび保証のリスクニュートラル評価における信用リスクモデル
19 August 2020 - by Grzegorz Darkiewicz, Ed Morgan, Aldo Balestreri
リスクニュートラル評価での金利リスクおよび信用リスクの組み合わせは、経済シナリオジェネレータのプロバイダーから一般的にどのように提供されるのでしょうか？