milliman actuarial and strategic consulting for the european insurance industry guaranteed unit linked products their impact in cee cis asia ed morgan 28th november 2006 2 about leading firm us independent founded 1947 000 employees based 45 offices worldwide including staff of over 1000 qualified consultants actuaries four main practice areas life general employee benefits health global network has another 100 countries overall europe is focussed on product development business strategy perfect 4 an observation there are sophisticated unsophisticated customers every country 5 not a unique evolutionary path market will develop way each 6 contents introduction to approaches adding guarantees variable annuities situation possible 7 attractive its companies benefit from capital efficiency flexibility interesting investment options become more
