Andrew Kay
FSAI
Principal, Consulting Actuary
Dublin, IE
Andrew Kay is a principal and consulting actuary in Milliman's Dublin office. Andrew joined the Dublin practice in 2003.
Experience
Andrew has more than 20 years’ experience in the financial services industry, having worked for companies in Ireland, Australia, and the UK.
Andrew advises his clients on a wide range of topics, including:
- Solvency II advice across all three pillars, including conducting independent review of Solvency II balance sheets, technical provisions, and capital; advising on risk management and ORSA; developing QRTs, SFCR, and RSR; and leading Solvency II implementation and internal model applications
- Financial, risk management and regulatory training (up to board and senior management level)
- Actuarial advice on M&A projects and portfolio transfers, including embedded values
- Advice on development of risk management systems and reporting
- Financial reporting and product development on a wide range of product types, including variable annuities
- Regulatory licence applications for new market entrants, branches, etc.
Andrew has also authored various briefing notes on insurance topics and has delivered presentations to industry audiences.
Prior to joining Milliman, Andrew worked for AMP Financial Services in both Australia and the UK, where he held positions in product development, financial reporting, and management.
Professional Designations
- Fellow, Society of Actuaries, Ireland
- Member, Cross-Border Life Sub-Committee, Society of Actuaries in Ireland
Education
- BEc, Actuarial and Finance, Macquarie University
Publications
Read their latest work
Article
モデルの検証とガバナンス:新たなBMA要件を満たす
10 October 2023 - by Andrew Kay, Su Meng Lee
バミューダのモデルガバナンスとバリデーションに関する新しい要件は、相当なものであるため、(再)保険会社は、それらを十分に評価して円滑な導入計画を立てる必要があります。
Article
Model validation and governance: Meeting the new BMA requirements
10 October 2023 - by Andrew Kay, Su Meng Lee
Bermuda’s new requirements for model governance and validation are substantial, so (re)insurers should assess them closely and plan for a smooth implementation.
Article
ミリマンIFRS第17号ウェビナー:2020年11月26日
24 November 2020 - by Andrew Kay, Cormac Gleeson
Andrew KayがIFRS第17号の最近の進展についてアップデートを行い、Freek ZandbergenがIFRS第17号の割引率の設定について発表し、Cormac GleesonがIFRS第17号におけるリスク調整(RA)の信頼水準を決定する際に保険会社が直面する課題について論じます。
Article
Milliman IFRS 17 Webinar: 26 November 2020
24 November 2020 - by Andrew Kay, Freek Zandbergen, Cormac Gleeson
Andrew Kay provides an update on recent IFRS 17 developments, Freek Zandbergen presents on setting IFRS 17 discount rates, and Cormac Gleeson discusses the challenges faced by insurers in determining the confidence level of the Risk Adjustment under IFRS 17.
Article
IFRS第17号リスク調整の信頼性水準を導出:生命(再)保険会社向けケーススタディ
11 November 2020 - by Alexandre Boumezoued, Amal Elfassihi, Cormac Gleeson, Andrew Kay, Orlaith Lehane, Bertrand Lespinasse, Damien Louvet
本稿では、開示目的で必要となる信頼性水準をどのように求めるか、また、異なる対象期間に対して所与の信頼性水準をどのように(修正)再表示するかを含め、(再)保険会社の課題を解決するソリューションを提示します。
Article
IFRS 17: Deriving the confidence level for the Risk Adjustment: A case study for life (re)insurers
11 November 2020 - by Alexandre Boumezoued, Amal Elfassihi, Cormac Gleeson, Andrew Kay, Orlaith Lehane, Bertrand Lespinasse, Damien Louvet
This paper presents a solution to address (re)insurers’ challenges, including how to determine the confidence level needed for disclosure purposes and how to restate a given confidence level over different time horizons.
Article
Milliman Virtual Lunchtime Briefing: 22 July 2020
20 July 2020 - by Sinéad Clarke, Andrew Kay, Fred Vosvenieks
Sinead Clarke provides a regulatory and market update, Andrew Kay gives an overview of the latest IFRS 17 developments, and Fred Vosvenieks discusses operational resilience for insurers.
Article
IFRS 17: Fair Value Approach to Transition
09 December 2019 - by Joseph Sloan, Rik van Beers, Andrew Kay
This briefing note discusses considerations when determining the Fair Value of insurance liabilities.
Article
IFRS第17号:移行に関する公正価値アプローチ
09 December 2019 - by Joseph Sloan, Rik van Beers, Andrew Kay
本稿では、保険負債の公正価値を決定する際の検討事項について論じます。
Article
Industry responses to the 2019 IFRS 17 Exposure Draft
22 October 2019 - by Thomas Bulpitt, Andrew Kay, Henny Verheugen
This note summarises some of the key points and remaining issues raised during the consultation period for the Exposure Draft, particularly those raised by the European Financial Reporting Advisory Group and the European Insurance CFO Forum.