INSURANCE SOLUTIONS

Insurance Consulting Services

Manage risk, optimize performance, and stay ahead of the competition.

Insurance

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Insurance and Financial risk consultancy

Milliman is a leading provider of expert consulting for the insurance and financial industries. We offer specialized expertise in actuarial science, financial risk management, and data science and AI.

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Our service offerings

Milliman Benelux offers services ranging from regulatory reporting through strategic advice and Solvency II Actuarial Function Holder work to data-driven technical models. We have deep expertise in data science & AI and healthcare consulting.

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Actuarial services

Work with a global leader in actuarial services for corporations, government organizations, and life, non-life, and health insurers. Comprehensive and flexible offerings ensuring solutions tailored to your specific needs.

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Strategic support

Optimize insurance and corporate operations in fields such as: financial reporting and planning, underwriting, claims handling, and risk management. We are involved in most insurance mergers and acquisitions and portfolio transfers in the Benelux region. We also support developing new product concepts and conducting feasibility studies to help you achieve your goals.

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Balance sheet management

Increase capital generation, reduce volatility and decrease required capital. Our support ranges from improving ALM management and hedging programs, to implementation of capital projection models. Ensuring your capital reserves suit your business goals and are aligned with the actual risk. Allowing you to gain a realistic assessment of future risk to make informed decisions in any economic climate.

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Financial modelling and valuation

Make confident decisions using proven tools customized to your needs. Our expertise in global regulatory environments ensures accurate and actionable financial projections and reporting. We help you manage reserves and capital with a clear, independent analysis of your financial situation and capital requirements.

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Independent review

Get an independent expert opinion from Milliman. Whether for regulatory requirements, mergers, acquisitions, restructuring, or other significant changes, we provide external review services, including outsourced Solvency II Actuarial Function Holder and Financial Risk Manager roles.

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Our approach

Our highly skilled consultants are driven by a passion for providing the best solutions that make a practical difference in results. Our global network of experts allows us to combine subject matter expertise with the ability to translate complex matters into actionable insights for your senior management. We have no agenda other than getting it right and offer our services in the way that best suits your needs. As your situation and needs change, we change with you.

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Our experience

Learn more about a specific topic by contacting your Milliman consultant or choose from our contact list.

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Our tools and technical solutions

Milliman has a broad range of relevant tools and technical solutions. This section highlights some relevant tools and technical solutions for the Benelux market.

Visit the Milliman Global Products page for more information. You’ll learn about our powerful Milliman Mind solution, which can help you get a grip on complexities of end-user-computing, as well as actuarial software such as Arius for Non-Life reserving based on loss triangles.

Financial Modeling Platform with Excel language

Milliman MIND

Milliman Mind is a flexible and easy-to-use web-based platform which automatically converts Excel spreadsheets into more powerful models.

Learn more

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Relevant links to additional dashboards:

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INSIGHT

Milliman consultants regularly write briefing notes or opinion papers on several topics relevant to our market. A selection of recent articles is shown here.

A complete overview of published materials by Milliman can be found on our global insight page.

For more information on specific topics, contact your Milliman consultant or visit our contact list.

White paper

Modeling future pandemic risk in R Shiny dashboard

Excess mortality modeling based on past pandemics and anticipation of future potential outbreaks

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White paper

Where is Europe’s next flash flood? Quantifying extreme precipitation and flash flood risk in Europe with extreme value theory

We use extreme value theory to assess the risk of catastrophic precipitation events in Europe, identifying the highest risks along the Mediterranean coast.

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Article

Actuaries in a growing market for insurance-linked securities

Insurance-linked securities can broaden reinsurance capacity, but insurers need substantial modelling expertise in the absence of liquid secondary markets.

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Report

Streamlining scenario testing: A framework for streamlining stress and scenario testing

We present a robust scenario selection framework that helps (re)insurers streamline stress and scenario testing.

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Report

Accidents that never happened: Generative AI and fraud in motor insurance

As fraudsters submit AI-manipulated images of car crashes, Milliman’s research is helping global motor insurers separate the real claims from the scams.

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Report

Analysing 2024 SFCR of non-life insurers in Luxembourg

We analyse the year-end 2024 solvency and financial condition reports of non-life insurers in Luxembourg.

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Article

Clustering techniques: Innovations and practical implementation

We explore evolving model compression techniques that can help insurers achieve significant computational efficiency gains.

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Report

Analysing 2024 SFCR of life insurers in Luxembourg

We analyse the year-end 2024 solvency and financial condition reports of life insurers in Luxembourg.

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Article

AI use cases in the European mortgage industry

Artificial intelligence (AI) is rapidly transforming the mortgage industry, offering opportunities for enhanced efficiency, improved customer experience and new services.

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Practice leaders

Meet some of the experts leading Milliman Netherlands

Wouter Elshof

Principal, Consulting Actuary

Wouter is a principal and consulting actuary in the Amsterdam office of Milliman. He and his team are responsible for risk management activities in Benelux.

Peter Franken

Principal & Consulting Actuary

Peter Franken is a principal and consulting actuary in the Amsterdam office of Milliman. He is one of the partners of the Insurance and Financial Risk Practice in the Benelux.

Rajish Sagoenie

Principal and Managing Director

Rajish Sagoenie is a principal in the Amsterdam office of Milliman, where, since 2011, he has been managing director. Rajish is responsible for a wide variety of projects and assignments for corporate clients. As an advising actuary, Rajish primarily works for corporate clients and pension funds. His focus primarily lies with providing strategic (pension) advice for corporates, both nationally and internationally, and he acts as the appointed actuary for several pension funds. He advises multinational organizations on their employee benefits arrangements around the world.

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