A premier global consulting and actuarial firm, Milliman Inc. is set to open a new office in Tel Aviv, Israel. Expanding its operations into the Middle East, the office will be headed by Benny Gabbay, leading figure in Israeli insurance industry, and Daniel Sharon, chief actuary of Phoenix Insurance Ltd. The office will offer insurance and actuarial consulting services.
According to Steve White, Milliman’s president and CEO:
“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 added the following about the new office opening:
“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 further added:
“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 also had to say the following about the new opening:
“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.”
Founded in 1947, Milliman is among the world’s largest providers of actuarial and related products and services. Headquartered in the Us, Milliman has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Milliman has offices in major cities around the globe.