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INSURANCE SOLUTIONS

Insurance Consulting Services

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

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.

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.

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.

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.

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.

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.

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.

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.

Consulting assignments

Solve complex technical problems with practical and timely solutions. Our expert consultants deliver deep subject matter expertise and tailor their approach to your situation.

Project support

Get on-demand subject matter expertise for your internal projects. We work seamlessly with your staff, collaborating to achieve high-quality results. Our flexible approach can scale up or down based on evolving needs.

Insourcing and outsourcing

Access the talent you need when you need it. We augment your operations with the right level of actuarial and financial risk expertise.

Our experience

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

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.

Life and Non-life market in Belgium

Solvency and Financial Condition Reports for life and non-life Belgium

Gain insightful visualizations and compare figures of life and non-life Belgian insurers as reported in their Solvency and Financial Condition Reports.

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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.

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Relevant links to additional dashboards:

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.

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.

Article

Considerations for new entrants to the pension risk transfer market

The pension risk transfer (PRT) market for defined benefit pension schemes is experiencing a period of growth in various regions around the globe, presenting a potentially attractive opportunity for new entrants.

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Briefing note

Equity investments, symmetric adjustment updates, and Solvency II ratio stability

We summarize the amendment to the symmetric adjustment of the standard-formula equity-risk module, and provide some other insights.

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Report

IFRS 17 benchmarking: FY 2023

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report

Milliman Climate Change Reporting Barometer

How far along are European insurers and reinsurers when it comes to disclosing risks posed by climate change?

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MILLIMAN ANNUAL REPORT

2023 Extreme Weather Events in Europe

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Briefing note

Consequences of Solvency II extrapolation methods in the higher interest rate environment

Evaluation of the implications of a change in extrapolation method at higher interest rate levels

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Briefing note

The 2023/2024 (re)assessment of natural catastrophe risk in the standard formula

This briefing note summarises these amendments across Europe, providing insight into the effects for natural catastrophe risk exposure in the Netherlands.

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Article

Python in Excel

A look at Python in Excel focusing on specific challenges faced by financial, actuarial and data science professionals within the insurance industry.

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Our experts

Meet some of our experts on Insurance in Belgium

Lambrechts Kurt

Kurt Lambrechts

Senior Manager, Consulting Actuary
Kurt Lambrechts is the senior manager in the Brussels office of Milliman. He and his team deliver services on actuarial modelling and model validation for Life, P&C and Health Insurance business. He is leading multiple projects on IFRS 17 implementation in the Benelux, as well as of the global IFRS 17 solution in Milliman Mind. He is actuarial function holder for Belgian insurance companies.
Rik van Beers headshot

Rik van Beers

Consulting Actuary
Rik van Beers works as a consulting actuary in the Brussels office of Milliman. His main focus is on risk management, capital modelling and valuation model implementation for life insurers, predominantly within the Belgian and Luxembourg markets.
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Nicholas Batens headshot

Nicholas Batens

Consultant
Nicholas Batens is a consulting actuary in the Belgian office. He joined Milliman in 2018. Previously, since 2002, he worked as an actuarial risk professional and spent more than 10 years as an actuarial consultant. He is involved in several projects related to IFRS17 and the modelling of insurance liabilities.
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