Milliman offers a wealth of experience and resources to companies operating in Central and Eastern Europe. We are known for the high standard of actuarial services we provide and advise on local statutory reporting as well as major international reporting approaches.
Our consultants advise on a wide variety of financial reporting issues, including GAAP, IFRS, and local statutory tax. Milliman's support is delivered according to the particular needs of our clients, and can include execution of financial reporting and management tasks, performing independent reviews, and providing expert resources.
We have extensive experience in traditional embedded value, European embedded value and market-consistent embedded value calculations, as well as in new business valuation. Milliman currently supports several major multinationals in various countries with EV implementation, tracking, and results analysis. We use our own advanced modeling system, MG-ALFA™, which is well-adapted for CEE markets. We also can offer EV consulting using clients' own third-party systems.
Milliman consultants are very active as well in asset-liability management (both deterministic and stochastic), helping clients properly value, understand, and manage their balance sheets and statutory reserves. Clients rely on Milliman to assist them in meeting all their regulatory obligations.
Country-specific actuarial experience
We use our in-depth knowledge of each country's regulatory environment to help companies establish or upgrade their internal actuarial functions. We offer expertise in developing procedures and systems, and provide related training and development services for internal staff.
With staff in Poland and Romania, Milliman has extensive experience providing financial management and reporting services in those countries as well as in other countries in the region. Our local team also has the benefit of thought leadership and experience through staff in our offices across Europe. Our global presence and independent approach give us a fresh outlook on reporting issues and keep us aware of the latest developments in this field.