INSURANCE SOLUTIONS

Insurance Consulting Services

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

Insurance

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.

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.

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

Relevant links to additional dashboards:

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.

Briefing note

Solvency II review – proposed amendments to the Delegated Regulation

This briefing note provides background on the Solvency II review and summarises the proposed amendments.

Read the article

Report

IFRS 17 Benchmarking: Our key observations on the 2024 annual reports

As part of our IFRS 17 benchmarking, we present key findings from the 2024 annual reports of 55 life insurers across Europe and other regions.

Read the article

Annual Report

Global life and health insurance M&A

See a breakdown of top M&A deals and a market outlook for North America, Europe, Asia, Latin America, and Africa.

Read the report

White paper

Climate-driven mortality projections under different scenarios

Forecasting the impact of high temperatures on mortality in the Netherlands

Read the white paper

White paper

Barometer of generative AI adoption in the European insurance industry

Milliman has analyzed adoption and use of generative artificial intelligence (AI) by insurers in the European market.

Read the paper

White Paper

Comparative analysis of the Achmea, a.s.r., Athora, and NN life insurance companies

Read the white paper

White paper

Navigating the new volatility adjustment framework

After the amendments to the Solvency II Directive, we expect the immediate transitional impact on Solvency II ratio levels to be manageable.

Read the article

Report

Economic capital modeling: Practical considerations

We describe some key components and design choices when modeling economic capital and how these can differ across jurisdictions.

Read the article

Report

Long-term inflation: Forecasting inflation trajectories using structural drivers and scenario modelling

Aging populations, the dependency ratio, and climate policies will likely play a critical role in long-term inflationary trends.

Read the article

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.

View bio

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.

View bio

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.

View bio

Contact us

We’re here to help you break through complex challenges and achieve next-level success.