
Jeff Courchene
Jeff Courchene is a principal and consulting actuary in Milliman’s London office, where he has been a key member of the leadership team since 2015.
Experience
Jeff brings extensive experience to a wide range of clients covering areas that include reserving, actuarial function engagements, reinsurance, M&A, and portfolio transfers. He is a leading voice of technical matters, in particular complex reserving methods and the evaluation of reserving uncertainty.
Jeff specialises in reserving, reinsurance analysis, M&A and other portfolio transfers, and dynamic financial modeling. Jeff has experience with international property and casualty insurance in matters related to both personal and commercial lines of business in the UK, the US, and continental Europe including:
- Leading reserve and financial condition reviews (implementing both deterministic and stochastic techniques) as part of ongoing support, a reviewing actuary role, and due diligence assignments
- Supporting the Independent Expert in more than nine Part VII transactions since 2015
- Leading reinsurance structure and retrocession program reviews, assessing per risk and per event protections
- Leading methodological reviews to increase automation and improve operational efficiency as part of transformation projects
- Supporting capital adequacy and rating adequacy assessments
- Leading solvency II-related projects including: AFRs, ORSA projections, USP applications, and IM calibration
Jeff has experience with a range of software including Excel/VBA, Word, PowerPoint, Arius, SAS, @Risk, Access, and ResQ.
Before joining Milliman, Jeff worked at the Cologne Re (now GenRe) as a reserving and research actuary responsible for facultative and European treaty motor & general liability.
Jeff is a native speaker of English, but also speaks near fluent German.
Jeff is an author and frequent presenter on actuarial topics, including:
- "The Actuary & ERM: Integrating Reserve Variability." CAS Monograph 2024, 2016 CAS Forum, and ICA 2014.
- "Solvency UK & its impact on the Industry." Solvency II Practical Review Working Party update, GIRO 2023.
- "Inflation: A P&C reserving actuary's guide." White Paper, 2019.
- "Individual claims reserving: Adding value." White Paper, 2018.
- "Individual claims reserving: Opportunity as a Challenge." IFoA General Insurance Spring Conference 2019 and GIRO 2018.
- "Solvency II Standard Formula: Volume measure for premium risk." White Paper, 2017.
- "Optimising non-life reinsurance strategy under risk-based capital measures." Research Report 2016.
- "Discount Rates in Financial Reporting – A Practical Guide." IAA monograph, 2013.
- "Stochastic Modelling - Theory and Reality from an Actuarial Perspective." IAA monograph 2010 and European Actuarial Academy (EAA) presenter, 2011-2020.
- "Solvency II Technical Provisions for General Insurers." GIRO 2013 (contributing author for Brian Hey prize winning paper).
- Fellow, Casualty Actuarial Society (CAS)
- Member, American Academy of Actuaries (AAA)
- Affiliate, Institute & Faculty of Actuaries (IFoA)
- Cum Laude BSc, Mathematics, University of Denver
- Jeff is involved in committees of the CAS and working parties of the IFoA. Jeff served on the Executive Council of the CAS as Vice President International from 2013 to 2016, and as CAS liaison to the IFoA General Insurance Board from 2013 to 2017.