Health Insurance Data Science & AI Careers About Contact Us INSURANCE SOLUTIONS Actuarial function Actuarial function Overview Insight Products Services Peace of mind for Solvency II Solvency II mandates that insurers appoint an Actuarial Function Holder to manage technical provisions, data quality, testing against experience, underwriting and reinsurance opinions, and annual reports. However, many insurers lack the internal resources to discharge this function using existing staff and without creating conflicting duties. Milliman can fill this role in flexible ways to meet your specific needs, whether working with calculations produced by your staff or providing an end-to-end service. We put appropriate control structures are in place to demonstrate the independence of the Actuarial Function and to ensure that conflicts of interest are avoided. OVERVIEW Milliman actuarial function solutions Solvency II The EU Solvency II directive is more than a technical change to capital calculations: it transforms how insurers do business across pricing, underwriting, valuation of liabilities, risk management, asset management, internal and external reporting, and more. Milliman has been involved with Solvency II since the beginning and can help you manage and optimize how you interact with the directive. Our complete suite of innovative software solutions simplifies and automates the production of calculations and helps you make the right decisions to succeed. Learn more INSIGHT Milliman actuarial function insight ISSUE BRIEF Year-End 2018 Actuarial Function Review Download PDF ARTICLE Milliman Market Practice Survey: Highlights of surveys conducted to date Download PDF BRIEFING NOTE EIOPA consultation paper on the opinion on the 2020 review of Solvency II Read more RELATED PRODUCTS Milliman actuarial function products Solvency II reporting & compliance VEGA Streamline Solvency II compliance with a multi-user, multi-site tool for Standard Formula SCR and quantitative reporting templates. Learn more 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 Financial modeling & industrialization Integrate Automate and accelerate actuarial modeling and reporting with a powerful, cloud-based solution. Learn more RELATED SERVICES Milliman actuarial function services Capital management Economic capital modelling Enterprise risk management Predictive analytics solutions Regulatory assistance and model reviews Solvency II Underwriting and operations Insurtech consulting We’re here to help Ask the tough questions. We’re ready for them. Contact an expert ABOUT Our Story Social Impact Media Center Office Locations Experts EXPERTISE Health Insurance Data Science & AI CAREERS Careers Home Our Work Experienced Hires Students & Grads Job Search ABOUT MILLIMAN For more than seven decades, we have combined technical expertise with business acumen to create elegant solutions for our clients. Today, we are helping organisations take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation. Copyright © 2021 Milliman, Inc. All Rights Reserved Copyright information Terms of use Privacy policy BE (English)