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Milliman FRM Services

Investment management and actuarial consulting services to life insurers and financial institutions

Life & annuity risk management

Milliman FRM offers an end-to-end annuity risk management solution. We start with each client’s seriatim inforce data, calculate liability risk exposures, execute derivatives transactions and provide performance attribution.

Universe of products

Expertise spans a range of products, including variable annuities, fixed indexed annuities, registered index linked annuities, as well as variable and indexed universal life.

Hedge strategies

Extensive experience designing and implementing strategies, ranging from daily intensive dynamic hedging strategies to fully static strategies, and hybrids of the two.

Risk management objectives

Strategies developed are built to account for key economic, GAAP, and statutory frameworks.

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White paper

Considerations for LIBOR transition and U.S. Variable Annuity Guarantee Valuations

This paper discusses risk-free curve selection and setting of the discounting spread (over the risk-free rate) for variable annuity fair valuation.

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Insight

Variable Annuity Guarantee Hedging maintains its effectiveness during COVID-19 market turmoil

This paper examines the hedge effectiveness of a wide range of Variable Annuity carriers.

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Insight

Variable Annuity Guarantee Hedging maintains its effectiveness

This paper examines the hedge effectiveness of a wide range of Variable Annuity carriers.

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