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Philip Simpson

ASA, FIAENG, FSAIIE
Principal and Consulting Actuary
London, UK

Philip is a principal and consulting actuary in the London office of Milliman.

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Experience

Philip specializes in life insurance. His consulting assignments include mergers and acquisitions, company reconstructions, new company launches, product design and pricing, and financial reporting.

Prior to being a consultant, Philip worked in reinsurance, where his experience included design and review of reinsurance programs and a wide range of life and health insurance products.

Publications

Read their latest work

Article

The Insurance Capital Standard (ICS): Not Just a Sideshow

02 February 2021 - by Neil Christy, Jack Huffer, Russell Osman, Philip Simpson, Russell Ward
This note considers who may be affected by the new international Insurance Capital Standard and the impact the new standard has on the evaluation of available and required capital.
Article

Artificial Intelligence: The ethical use of AI in the life insurance sector

24 November 2020 - by David Burston, Charlie Howell, Andrew Gilchrist, Philip Simpson
Life insurance has a data-fuelled business model that makes it an industry that appears, on the surface, to be well primed for the technological advances that artificial intelligence can offer in addressing the challenges it faces in an increasingly digital world.
Article

Shareholder Value Reporting in Europe Year-End 2018

07 January 2020 - by David Burston, Stuart Reynolds, Philip Simpson, Lyndsay Wrobel
This publication focusses on assessing various shareholder metrics as at year-end 2018, based on publicly disclosed information, that could be used by interested parties - such as investors or market analysts - to form a view on the profitability of a firm’s business.
Article

Shareholder value reporting in Europe: Year-end 2017

30 December 2018 - by Stuart Reynolds, Philip Simpson, Lyndsay Wrobel
This publication focuses on European embedded value results at year-end 2017.
Article

Part VII transfers and the FCA’s approach to the review

27 December 2017 - by Christopher Clarke, Andrew Gilchrist, Philip Simpson, Lindsay Unwin
What involvement does the Financial Conduct Authority have in Part VII transfers and what are its current expectations?
Article

IFRS 17: Risk Adjustment

07 December 2017 - by Thomas Bulpitt, Andrew Gilchrist, Andrew Kay, Philip Simpson
This paper focuses on the choice of calculation methodology for the Risk Adjustment that forms part of the Fulfilment Cash Flows under the General Model in IFRS 17.
Article

2016 Embedded Value Results: Europe

19 July 2017 - by Stuart Reynolds, Philip Simpson
This publication focuses on embedded value results as at year-end 2016 and provides an overview of companies’ results and methodologies, covering changes in methodologies they have adopted in the post-Solvency II world.
Article

Solvency II own funds approach to shareholder value reporting

01 June 2017 - by Tatiana Egoshina, Stuart Reynolds, Philip Simpson
This note proposes a reporting approach that links back to the Solvency II balance sheet and makes an allowance for items of value that may not be included within Solvency II calculations and disclosures.
Article

2016 mid-year embedded value results - Europe and Japan: Generating value

16 December 2016 - by Stephen H. Conwill, Takanori Hoshino, Kenjiro Ito, Takahiro Kinoshita, Stuart Reynolds, Philip Simpson
This mid-year publication provides an update on the embedded value (EV) reporting for European insurance companies that have published interim EV results in 2016.
Article

2015 Embedded Value Results: Europe

14 September 2016 - by Stuart Reynolds, Philip Simpson
This publication focuses on embedded value results at year-end 2015, including an overview of methodologies companies used, comments on developments and a range of current hot topics.