Insurance Solutions

Financial reporting

Success by the numbers

Evolving regulatory and financial reporting standards are challenging to interpret and implement. Milliman provides end-to-end support for Solvency II, IFRS, US GAAP, and LDTI. With decades of experience, we have the historical understanding, agency relationships, and tools and expertise to streamline and improve compliance.

OVERVIEW

Milliman financial reporting solutions

Financial projections and reporting

Accurate, actionable financial projections and reporting require sophisticated modeling tools and expertise in regulatory environments across the globe. We design and customize financial projection tools that help you understand the impact of pending changes on reserves and capital. With a clear, independent analysis of your financial situation and capital requirements, you can make strategic decisions built on top-quality projections.

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IFRS reporting

Our sophisticated stochastic modelling tools can help calculate items such as discounting, risk margins, and the correlation between different lines of business for the preparation of financial statements in accordance with the latest IFRS accounting standards. We communicate concepts in a clear, concise, and informative manner so you can act on the information.

Solvency II

The EU Solvency II directive affects all operations that are at the heart of the insurance business: pricing, underwriting, assessment, risk management, assets management, internal and external reporting, and more. We are one of the world’s leading experts on Solvency II and approach these issues in a holistic fashion, helping you go beyond the basics and use modern modeling approaches to improve your business.

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Insight

Milliman financial reporting insight

Report

Summary of regulatory developments Updates for October 2024

We detail the latest noteworthy developments in the European life insurance industry from various regulatory agencies for October 2024.

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Briefing note

CP2/24: Solvent exit planning for insurers

What are the main takeaways?

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White paper

Shareholder value reporting in Europe: Solvency II based metrics

This report summarises the annual research performed by Milliman which looks at Solvency II based metrics for a sample of over 20 firms in Europe based on disclosures at year-end 2022.

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Research report

Analysis of life insurers' solvency and financial condition reports year-end 2022: European and UK life insurers

This report focuses on the solvency and financial condition reports (SFCRs) ....

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Research report

Analysis of non-life insurers' Solvency and Financial Condition Reports: European non-life insurers year-end 2022

For this report, we analysed 728 solo companies that conduct primarily non-life business....

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Issue Brief

Are you prepared for additional Solvency II annual reporting requirements?

In this briefing, we discuss four new templates that are required after two full years of Solvency II reporting.

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Research Report

Investment strategy under Solvency II

Learn how you can optimize your investment allocation to improve returns and reduce risk.

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Research Report

IFRS implementation survey

How are you measuring up in terms of IFRS readiness? Check out our survey on the topic, conducted with 115 insurers around the globe.

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White Paper

Solvency II Standard Formula: Volume Measure for Premium Risk

This paper summarizes regulatory guidance around premium risk capital requirement calculations.

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Milliman financial reporting products

Financial modeling & industrialization

Integrate

Automate and accelerate actuarial modeling and reporting with a powerful, cloud-based solution.

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Solvency II reporting & compliance

VEGA

Streamline Solvency II compliance with a multi-user, multi-site tool for Standard Formula SCR and quantitative reporting templates.

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Solvency II compliance

Solvency II Compliance Assessment Tool

Monitor and assess compliance with Solvency II while creating an audit trail of completed work and a development plan for future actions.

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Financial reporting