Tag Archives: Steve White

Milliman awards 16 Opportunity Scholarships in the program’s second year

Milliman is pleased to announce the recipients of this year’s Opportunity Scholarship program. This scholarship program, now in its second year, was created to assist students from ethnic groups and races that are under-represented in the fields of actuarial science, data science, computer science, economics, programming, mathematics, statistics, data analytics, or finance.

This year, the Opportunity Scholarship recipients include 16 students from colleges and universities across the United States, Australia, South Africa, and the United Kingdom who have demonstrated academic excellence and plan to pursue a career in actuarial science or related fields. Last year, which was the inaugural year of the scholarship, 12 scholarships were presented.

“Milliman is proud to assist students from diverse backgrounds in achieving their educational goals in fields like actuarial science, mathematics, computer science, and finance,” said Milliman Chief Executive Officer Steve White. “This year’s group of recipients comes from a wide array of backgrounds and has shown that they excel academically, with the drive and knowledge to succeed.”

Below is the list of this year’s Scholarship recipients:

1. Victor Asiwe, actuarial science, at University of Cape Town (South Africa)
2. Aleesha Chavez, computer science, at Northwest Nazarene University (Idaho)
3. Khethiwe Dlamini, actuarial science, at University of the Free State – Bloemfontein (South Africa)
4. Jordan Howell, actuarial science, at Kettering University (Michigan)
5. Jael Kerandi, finance, at University of Minnesota-Twin Cities
6. Rachael King, mathematics, at Macquarie University (Australia)
7. Adam Lathan, actuarial science and data analytics, at Drake University (Iowa)
8. Richard Machivenyika, actuarial science, at University of Cape Town
9. Mapule Madzena, computer science, at University of the Free State – Bloemfontein
10. Jennifer Mora-Amaya, actuarial science, at St. John’s University (New York)
11. Sonia Moreno, computer science, at Carleton College (Minnesota)
12. Sarah Peña, actuarial science, at UCLA
13. Bryce Santiago Badura, computer science, at University of Notre Dame (Indiana)
14. Ayomikun Vaughan, actuarial science, at Queen’s University of Belfast
15. Edwin Villavicencio, actuarial science, at North Central College (Illinois)
16. Mattie Zimmer, mathematics, at University of New Orleans

Five of this year’s recipients also received Opportunity Scholarships last year. Those repeat recipients are Khethiwe Dlamini, Jordan Howell, Sonia Moreno, Sarah Peña, and Ayomikun Vaughan.

Milliman expands Middle East operations, opening new office in Israel

Milliman has announced that the firm is opening a new office in Tel Aviv, expanding its operations in the Middle East. The office will offer the full gamut of insurance and actuarial consulting services. Benny Gabbay, a leading figure in the Israeli insurance industry, and Daniel Sharon, until recently chief actuary of Phoenix Insurance Ltd., a leading Israeli insurer, will oversee the new office in Israel. Each brings a deep knowledge of the Israeli insurance market and over 20 years of industry experience to the firm.

Steve White, Milliman’s president and CEO, says, “Milliman continues to expand into new regions amid increasing demand for the firm’s services across the Mideast and the world. Israel is recognized as a leading force in insurance innovation and we believe Milliman’s creative culture is well-suited to the Israeli environment.”

Nick Dumbreck, a principal with Milliman in London, says: “Israel has a growing insurance market which faces a number of challenges. The Milliman Israel office will bring independent consulting together with our global quality standards to help clients to meet these challenges.”

Benny Gabbay says, “Developments in the insurance and actuarial industry, particularly in areas of regulation (IFRS 17, Solvency II) and insurtech, represent the ideal timing for Milliman’s expansion to Israel. We have an excellent team and I am confident we will make a valuable contribution both to the Israeli insurance industry as well as to the global Milliman enterprise.”

Daniel Sharon says, “We are thrilled about opening the Israeli Milliman office. We have received a warm welcome from the industry and it’s now up to us to live up to the Milliman brand. I’m particularly excited about delivering exceptional service, which Milliman is famous for. Not just answering the question at hand—but also raising and addressing the questions that haven’t been asked.”

MicroInsurance Centre to join Milliman

Milliman has announced that the firm has been joined by the MicroInsurance Centre (MIC), the internationally recognized consulting firm and microinsurance thought leader dedicated to generating access to valuable microinsurance products to 3 billion low-income people across the globe. Both firms share the common goal of working to protect the health and financial well-being of people everywhere. The transaction amplifies and accelerates the MIC’s progress towards its goals while significantly expanding Milliman’s capabilities in microinsurance. Together, these companies provide unmatched breadth and depth in capacity for clients working in emerging markets to start or enhance their insurance offerings in the low-income market segments.

“The MicroInsurance Centre is a remarkable organization with a deep commitment to building sustainable microinsurance products for populations in need,” says Milliman CEO Steve White. “The MIC’s pedigree of deep expertise, its independence, and its ability to deliver research and education around microinsurance pair perfectly with Milliman’s values and global footprint. We look forward to working with the MIC in support of its bold vision.”

“Milliman is a perfect fit for us given its mission, skills, and great reputation. Milliman’s interest in helping its clients expand throughout the emerging markets, where the bulk of insurance growth will arise, was an obvious fit as we looked to expand our vision of keeping people from sliding back into poverty,” says MIC president Michael J. McCord. “The synergy arises from Milliman’s global reach and commitment to the health and financial well-being of people everywhere, coupled with the MIC’s experience in providing value to low-income clients and business cases for insurers in over 75 countries.”

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Milliman opens new office in Malaysia

Milliman has announced that it will open an office in Kuala Lumpur on March 1, 2016. The Kuala Lumpur office will offer employee benefits, life, nonlife, and health insurance consulting services. Milliman has two other offices in South East Asia—in Jakarta and in Singapore—and now 12 in total in the Asia-Pacific region.

Steve White, Milliman chief executive officer (CEO) and president, says, “The opening of the Kuala Lumpur office continues Milliman’s expansion into South East Asia. Our newest location enhances our ability to deliver Milliman’s unique expertise in insurance and employee benefits to the Malaysian market.”

Richard Holloway, Milliman managing director, South East Asia & India, Life Insurance, says, “Our third office in South East Asia will complement our other locations in the region. With the opening of the Kuala Lumpur office, we are better positioned to serve both our multinational clients and our local Malaysian clients, working for both life insurance and family Takaful companies.”

Pang Chye, who leads Milliman’s Health and Nonlife Insurance consulting practices in Greater China and South East Asia, said, “We see a lot of development and plans to liberalise the market in Malaysia, such as the impending motor rate detariffication, and the vibrant dialogue between health insurers and healthcare providers. We continue to help our clients in Malaysia adapt global best practices to the Malaysian environment and are reinforcing our commitment by adding Kuala Lumpur to our network of offices across Asia.”

Danny Quant, Head of Employee Benefits, Asia and Middle East, added, “There’s growing need for employee benefit consulting in Malaysia. We are thrilled that Milliman now has a Kuala Lumpur office from which we can answer that need.”