Tag Archives: Peter Franken

Milliman to expand data science and AI capability in the Benelux

Milliman announced that it has expanded its data science and artificial intelligence (AI) capability by taking on the data science consulting team of Ortec Finance.

The new team, in combination with Milliman’s existing data science competence, will continue to support its current customers with data science consultancy projects in the Benelux to generate value from their structured and unstructured data, and to advise them on their strategic journey to become data-driven. Ortec Finance will concentrate on the use of data science in their software solutions.

“Due to digitization, companies across a wide range of industries see their data volume explode. This, in combination with rapid progress in AI technology, leads to a substantial demand for consulting services in this field. We are at the forefront of the era of AI disruption,” says Raymond van Es, who will serve as Lead Data Science & AI of Milliman in the Benelux.

Peter Franken, Milliman Principal, sees it as an important step in strengthening Milliman’s predictive analytics and modelling capabilities in the Benelux. “Having Raymond and his team joining allows us to accelerate expanding our service offering outside the financial industry as well as our technical capabilities in the area of data science and predictive analytics.”

Analysis of Dutch insurers’ Solvency and Financial Condition Reports: Year-end 2017

In this report, Milliman consultants provide a summary of the key solvency information of the main life and non-life insurance entities in the Netherlands based on Solvency and Financial Condition Reports as per year-end 2017. It also compares the figures per year-end 2016 and 2017 of these insurance entities in the Netherlands as well as the main figures of the largest consolidated insurance groups.




Solvency and Financial Condition Reports analysis of Belgium’s life and non-life insurers

In May 2018, the first Solvency and Financial Condition reports (SFCRs) were published for year-end 2017. These reports contain a significant amount of data in the Quantitative Reporting Templates (QRTs), including information concerning the company’s performance over the reporting period, system of governance, risk profile valuation basis and capital requirements.

In this report, Milliman consultants provide a summary of SFCRs and the main players in the Belgian market for both life and non-life undertakings. The report focuses on a subset of the largest insurers in Belgium and compares year-end 2017 results with year-end 2016 results in terms of the Solvency Capital Requirement (SCR), written premiums, technical provisions and technical result.




Solvency and Financial Condition Reports analysis of Luxembourg’s life and non-life insurers

Solvency II came into effect on 1 January 2016 and introduced a number of disclosure requirements for European insurers. Under the new requirements, the majority of European insurers were required to publish detailed Solvency and Financial Condition Reports (SFCRs) for the first time in May 2017. The SFCRs contain a significant amount of information on the insurance companies, including details of their business performances, risk profiles, balance sheets and capital positions, amongst other topics. Insurers are also required to publish a great deal of quantitative information in the public Quantitative Reporting Templates (QRTs) included within the SFCRs.

One year later, the majority of the European insurers published their SFCRs for year-end 2017, providing an opportunity for more detailed comparisons among insurers over the last two years.

A new Milliman report compares the information provided in the QRTs and SFCRs to draw some conclusions about the balance sheets and risk exposures of Luxembourg insurers. The analysis focuses on the differences between 2016 and 2017.




Analysis of Dutch insurers’ Solvency and Financial Condition Reports

In May 2017, the first Solvency and Financial Condition Reports (SFCRs) were published for year-end 2016. This report by Milliman consultants provides a summary of key solvency information related to various life and non-life insurance entities in the Netherlands based on their SFCRs. The report also focuses on the largest consolidated insurance groups.




Analysis of Luxembourg insurers’ Solvency and Financial Condition Reports: Year-end 2016

This report by Milliman consultants summarises the Solvency and Financial Condition Reports of the main players in the life and non-life insurance business in Luxembourg. It focusses on the largest insurance entities in Luxembourg as well as some large reinsurance entities and includes an overview of the factors determining the Solvency Capital Requirement ratio.