Rik van Beers
MSc AAG IA|BE
Consulting Actuary
Brussels, BE
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.
Experience
Prior to joining the Brussels office, Rik worked in Ireland for Milliman's Dublin office and in the Netherlands for the Amsterdam office. He also worked for Aviva Ireland, where his main role was to advise on synergies arising from the integration with Friends First.
Throughout his career, Rik has worked on a range of projects, including:
- Balance sheet management: pricing, hedging, reinsurance and capital optimisation
- Regulatory support: actuarial lead for multiple regulatory on-sights
- ORSA: strategic support (risk appetite, capital plan, scenarios & management actions), technical support (balance sheet & capital projections), and regulatory support
- Recovery planning: strategic support (risk analyses, indicators & management actions), and technical support (recovery scenarios & options)
- Internal models: development, implementation and review of SF appropriateness, market risk modules, aggregation modules, and model governance
- Prophet: implementation of projection-and valuation models for various Dutch pension-and life insurance portfolios and their reinsurance contracts
- Valuation processes: implementation, optimisation, documentation, and review of complete reporting processes
Publications and Presentations
- Reinsurance as a capital management tool for life insurers - Milliman
- Farmland investments: reaping the rewards of illiquidity? - VBA Beleggingsprofessionals
- Evaluating the solvency capital requirement of interest rate risk in Solvency II - Milliman
Professional Designations
- Fellow, Royal Dutch Actuarial Association (AG)
- Fellow, Institute of Actuaries in Belgium (IA
- BE)
- Chair of the ERM-committee of the AG
Education
- Bachelor of Science in Econometrics & Operations Research, Tilburg University
- Master of Science in Quantitative Finance & Actuarial Science, Tilburg University
- Postmasters Actuarial Practice Cycle, Amsterdam Business School
Publications
Read their latest work
Article
Analysing 2023 Solvency and Financial Condition Reports (SFCR) of life, non-life and composite insurers in Belgium
19 December 2024 - by Rik van Beers, Sijbo Holtman, Rens IJsendijk
We give an overview of our main observations resulting from analysing the 2023 SFCRs of 45 Belgian insurers, selected based on their total assets.
Article
Analysis of Solvency and Financial Condition Reports: Life, non-life and composite insurers in Belgium year-end 2022
26 September 2023 - by Rik van Beers, Rens IJsendijk, Emilie Perrin
We offer some insight on the year-end 2022 SFCRs for life, non-life and composite insurers based in Belgium.
Article
Pre-emptive recovery planning: A first-timer's guide
04 May 2023 - by Rik van Beers, Conor Callaghan
Most European insurers will need to implement pre-emptive recovery plans due to the new IRRD, but the exercise can yield some invaluable insights on operations.
Article
The new interest rate environment: Back to normal? – Part 3
09 March 2023 - by Maarten Ruissaard, Joost Broens, Freek Zandbergen, Rik van Beers, Sinéad Clarke, Stijn Donckers
We discuss how the increased interest rate environment creates uncertainty, affecting economic scenarios, capital requirements, and stress and scenario testing.
Article
The new interest rate environment: Back to normal? – Part 2
21 February 2023 - by Maarten Ruissaard, Joost Broens, Freek Zandbergen, Rik van Beers, Stijn Donckers
Changes to UFR drag are not solely driven by the variance in market rates, but also to changes in their level and slope, and a second order extrapolation effect
Article
Analysis of Solvency and Financial Condition Reports: Year-end 2021
10 February 2023 - by Rik van Beers, Kurt Lambrechts, Dominik Sznajder, Emilie Perrin
A look at life, non-life and composite insurers based in Belgium shows solvency coverage ratios edging up two percentage points to 199% for year-end 2021.
Article
The new interest rate environment: Back to normal? – Part 1
27 January 2023 - by Maarten Ruissaard, Joost Broens, Freek Zandbergen, Rik van Beers, Stijn Donckers
We discuss the developments in the interest rate markets over 2022 and how the increases have affected the level of liability discount rates for insurers.