Patrick Meghen
BAFS FSAI CERA QFA
Principal & Consulting Actuary
Dublin, IE
Patrick Meghen is a principal in Milliman's Dublin office. Patrick joined the Dublin practice in 2010.
Experience
Patrick has experience across a wide range of (re)insurance issues and projects. He has worked on business portfolios, including unit-linked, non-linked, and variable annuity in both the domestic and cross-border markets.
Patrick has experience fulfilling the Head of Actuarial Function (HoAF/PCF48) role. He has also performed the role of Head of Group Reporting for a large international reinsurance group.
His expertise includes valuation and financial reporting, Solvency II, IFRS 17, M&A, risk management, and other consulting work. Patrick also has experience with software development, working on a number of our compliance and risk tools.
Professional Designations
- Fellow, Society of Actuaries, Ireland (FSAI)
- Chartered Enterprise Risk Actuary (CERA)
- Qualified Financial Advisor (QFA)
Education
- Bachelor of Actuarial and Financial Studies, University College Dublin
Affiliations
- Patrick has been involved in several Society committees in the past, including membership of the Enterprise Risk Management Committee of the Society of Actuaries in Ireland and chairing the ERM Library Sub-Committee. He has participated in several Society of Actuaries in Ireland working parties and also served as a member of the Institute and Faculty of Actuaries’ Cyber Risk Investigation Working Party.
Publications
Read their latest work
Video
Solvency II Review - November 2024
20 November 2024 - by Aisling Barrett, Patrick Meghen, Eamon Comerford, John Mulvihill
This webinar provided an overview of the recent developments that we have seen in relation to the ongoing Solvency II review.
Article
Operational excellence and process optimisation techniques: Case studies
18 April 2024 - by Patrick Meghen, Alan McDonagh
We present five case studies that illustrate techniques used to help clients improve their processes as they adjust to high inflation and new regulations.
Video
Milliman Lunchtime Webinar: 20 March 2024
20 March 2024 - by Sinéad Clarke, Patrick Meghen, Aldo Balestreri, Aisling Barrett
We reflect on the 10-year evolution of the ORSA, questioning whether it delivers on the original aim to be “at the heart” of Solvency II; we explore 2024 trends covering process enhancements, automation, and transformation; and we delve into the background of the insolvency and subsequent rescue of the Italian insurer Eurovita.
Article
Process improvements & efficiencies: Getting more with less
11 March 2024 - by Patrick Meghen, Ankur Jain, Eoin King
For insurance companies, the global pandemic and new requirements have diverted resources and attention, but it is crucial to refocus on process improvements.
Article
Solvency II reporting: Year-end 2021 and beyond
19 January 2022 - by Pauric Mullan, Patrick Meghen
A briefing note detailing Solvency II reporting deadlines in 2022 and the changes in the reporting framework relative to the previous year.
Article
Cross-industry guidance on outsourcing
27 May 2021 - by Patrick Meghen, James Johnston
In this briefing note we discuss some of the main items for firms to consider in this proposed guidance.
Article
Milliman Risk Webinar: 18 November 2020
17 November 2020 - by Patrick Meghen, Eoin King, Eamonn Phelan
Patrick Meghen provides an update on changes in Solvency II-related requirements, Eoin King discusses the latest on ORSA, and Eamonn Phelan presents recent Milliman thought leadership on the design, calibration and reporting of effective key risk indicators.
Article
Solvency II Compliance Assessment Tool User Seminar
12 December 2019 - by Patrick Meghen, Ellen Matthews
The full slide deck from the Solvency II Compliance Assessment Tool User Seminar on 26th November 2019.
Article
Milliman Isle of Man Breakfast Briefing 14 November 2019
12 November 2019 - by Mike Claffey, Rob Frize, Patrick Meghen
This briefing discusses Irish SFCRs in 2017 and 2018 and ORSA processes and outcomes.
Article
Defining “critical or important functions or activities” when outsourcing
12 September 2019 - by Patrick Meghen
With the recent increase in regulatory focus on outsourcing, (re)insurers need to ensure that their system of governance, risk management and monitoring of outsourcing arrangements all satisfy the expectations of the regulator.