Investment management and actuarial consulting services to life insurers and financial institutions
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.
Expertise spans a range of products, including variable annuities, fixed indexed annuities, registered index linked annuities, as well as variable and indexed universal life.
Extensive experience designing and implementing strategies, ranging from daily intensive dynamic hedging strategies to fully static strategies, and hybrids of the two.
Strategies developed are built to account for key economic, GAAP, and statutory frameworks.
This paper discusses risk-free curve selection and setting of the discounting spread (over the risk-free rate) for variable annuity fair valuation.
This paper examines the hedge effectiveness of a wide range of Variable Annuity carriers.
Women face unique obstacles in securing the necessary roadmap for retirement.
During the volatile months of September and October, the hedging programs developed to protect variable annuities (VAs) with guarantees were, based on an internal study, 93% effective, saving an estimated $40 billion in industry wide assets for the insurance companies
Market observers have posited in recent years that Volatility Control funds represent a focal point of instability for financial markets.
This paper examines the hedge effectiveness of a wide range of Variable Annuity carriers.
Behavioral finance lessons apply now more than ever as markets continue to climb and risk appetite increases by investors and institutions.
This report summarizes key findings from the 2017 update to Milliman’s survey of derivative usage by the global insurance industry.
Reconciling the difference in investor risk tolerance between long- and short-term investments.
This article attempts to illustrate that hedging variable annuity guarantees can smooth company earnings.
We're passionate about partnering with people to solve complex problems and develop innovative and disruptive investment solutions.