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Jeff Courchene

FCAS, MAAA
Principal, Senior Consultant
London, UK

Jeff Courchene is a principal and consulting actuary in Milliman’s London office, which he joined in 2015. He works with a wide range of clients covering areas that include reserving, actuarial function engagements, reinsurance, M&A, and portfolio transfers. Jeff is a member of Milliman's Quality Assurance Committee.

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Experience

Jeff has experience with international property and casualty (re)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)
  • Discharging the roles of Independent Expert for Part VII transfers (UK) and Independent Actuary for Section 13 transfers (Ireland)
  • Assisting clients with the modelling and structuring of ILS investments
  • Leading methodological reviews and transformation projects to increase automation and improve efficiency
  • Fulfilling outsourced tasks of the Solvency II Actuarial Function, including: AFRs, ORSAs, USP applications, and ENIDs

Jeff has more than 20 years of experience in actuarial team management in various leadership roles, including mentoring and training new resources. Before re-joining Milliman, Jeff worked at the Cologne Re (now GenRe) as a reserving and research actuary, responsible for facultative and treaty motor and general liability. Jeff is a native speaker of English and speaks near-fluent German.

Publications

Read their latest work

Article

Inflation: A P&C reserving actuary’s guide

15 March 2023 - by Alice Gutteridge, Jeff Courchene, Veekash Badal
We discuss factors that a reserving actuary may need to consider in this record-setting period of high inflation.
Article

Individual claim reserving models: Adding value

27 February 2019 - by Alexandre Boumezoued, Jeff Courchene
Individual claim models is an emerging area of research and practice which uses individual claim level data to estimate loss reserves.
Article

EIOPA Final Report on its second set of advice to the European Commission on the Solvency II Delegated Regulation

03 April 2018 - by David Burston, Eamon Comerford, Jeff Courchene, Bridget MacDonnell, John Mulvihill, Vincent Robert
This update summarises the key feedback received by the European Insurance and Occupational Pensions Authority regarding the final report and the impact, if any, that it has had on the proposals made in the Consultation Paper.
Article

EIOPA Consultation Paper on its second set of advice to the European Commission on the Solvency II Delegated Regulation

20 December 2017 - by David Burston, Neil Christy, Eamon Comerford, Jeff Courchene, Emma Hutchinson, Bridget MacDonnell, John Mulvihill, Jennifer Strickland, Marie-Lise Tassoni
This briefing note summarises the final advice from the first stage of the EIOPA review and provides details on EIOPA’s proposals in the latest consultation paper on its second set of advice.
Article

Solvency II Standard Formula: Volume measure for premium risk

01 December 2017 - by Lamia Amouch, Jeff Courchene, Vincent Robert
In this article we summarise the advice and suggestions put forward by EIOPA regarding changes for the premium risk capital requirement calculation and definition of the volume measure.
Article

Extracting more value from the GI reserving process

30 September 2016 - by Jeff Courchene
By restricting quantifying reserve uncertainty to regulatory and risk assessment questions, many inherent and readily accessible benefits embedded in reserve and uncertainty analyses could be overlooked.
Article

Optimising non-life reinsurance strategy under risk-based capital measures

12 September 2016 - by Jeff Courchene, Vincent Robert
An exploration of the possible impact of risk-based economic capital and ERM frameworks on a non-life insurer’s reinsurance strategy.
Article

The actuary and enterprise risk management: Integrating reserve variability

22 August 2016 - by Jeff Courchene, Mark R. Shapland
This paper develops and examines a framework for reserve distribution testing and validation and demonstrates its use with real datasets within an enterprise risk management framework.
Article

Driving For Profit: A View of the UK Private and Commercial Motor Insurance Markets 2014

27 July 2015 - by Jeff Courchene, Derek Newton, Vincent Robert, Gary Wells
Driving For Profit shows the results of our analyses of the performance of the Private and Commercial Motor Insurance Markets in the UK.
Article

Capital management in a Solvency II world: A non-life perspective

11 November 2014 - by Jeff Courchene, Vincent Robert, Gary Wells
An overview of the many ways that Solvency II will affect capital management for insurers and reinsurers.