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Henny Verheugen

AAG
Principal, Consulting Actuary
1101 BE, NL

Henny Verheugen is a principal and consulting actuary in the Amsterdam office of Milliman, specializing in IFRS 17, Solvency II, and M&A's for life insurance.

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Experience

Henny joined Milliman in 2006 and has 38 years of experience in the insurance industry.

Before Milliman, he was a manager of the Group Actuarial and Risk Management department of Delta Lloyd Group (part of Aviva), and worked seven years as a senior manager for Ernst & Young in the Netherlands and Belgium. He started his career with ASR Insurance where he held several roles in actuarial, finance, and M&A.

He is specialized in Solvency II (internal models, validation), IFRS 17, and M&A. He has helped several clients with the development and implementation of internal models for life risks. Furthermore, he validated several internal models as part of the application process. In recent years, he has been involved with several IFRS 17 projects as subject matter expert.

Publications

Read their latest work

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

Industry responses to the 2019 IFRS 17 Exposure Draft

22 October 2019 - by Thomas Bulpitt, Andrew Kay, Henny Verheugen
This note summarises some of the key points and remaining issues raised during the consultation period for the Exposure Draft, particularly those raised by the European Financial Reporting Advisory Group and the European Insurance CFO Forum.
Article

Making the transition to IFRS 17

22 January 2018 - by Henny Verheugen
This article discusses the possible implications of each of the three approaches to transition to IFRS 17 and why insurers will need to choose their options carefully.
Article

IFRS 17: Life Insurance Seminar

19 October 2017 - by William Hines, Andrew Kay, Padraic O'Malley, Henny Verheugen
Our IFRS 17 Seminar provided a detailed view of the requirements, methodology and practical challenges involved in implementing the new insurance contract standard, IFRS 17.
Article

IFRS17 Implementation: A new reporting framework comes with significant challenges

19 December 2016 - by William Hines, Takanori Hoshino, Kurt Lambrechts, Henny Verheugen
This paper discusses critical points of attention regarding IFRS17 and suggests possible first steps towards implementation.
Article

Operational challenges of IFRS4 Phase 2 as of November 2014

20 February 2015 - by Henny Verheugen
The International Accounting Standards Board’s 2013 Exposure Draft focuses on the practical implications of the changes in IFRS4 Phase 2.
Article

IFRS Insurance Contracts Summary 2013 Exposure Draft

27 September 2013 - by William Hines, Takanori Hoshino, Kurt Lambrechts, Henny Verheugen
Major characteristics of the proposed IFRS accounting standards for insurance contracts.
Article

EIOPA consultation paper on the proposal for guidelines on submission of information to national competent authorities

17 April 2013 - by Wouter Elshof, Peter Franken, Kurt Lambrechts, Henny Verheugen
EIOPA’s consultation paper on submission of information to national competent authorities proposes a significant level of disclosure of quantitative and narrative information to national supervisors in advance of the introduction of Solvency II.
Article

EIOPA technical specifications for Long-Term Guarantee Assessment

05 February 2013 - by Wouter Elshof, Kurt Lambrechts, Henny Verheugen
What the requirements may mean for firms participating in the assessment.
Article

IASB/FASB Insurance Contracts accounting update

31 December 2012 - by William Hines, Henny Verheugen
The IASB and FASB may issue different documents related the insurance contracts and the adoption of IFRS standards.