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Kurt Lambrechts

Leuven | +32(0)499221636 

Summary

Seasoned Belgian Life Actuary and Risk Manager with an Executive MBA and thought leader on  IFRS 17. Available for senior assignments in actuarial and risk management departments. Open to Actuarial Function, CRO and Board member roles.

Relevant experience

  • Life actuary at KBC :
    • Product development Universal Life and Branch 23
    • Profit sharing policy
    • MCEV and Solvency 2 reporting
  • Risk manager at KBC:
    • Economic Capital (ECAP), Economic Value Added (EVA) and RORAC based pricing techniques
    • Transfer pricing making the distinction between insurance product and strategic asset allocation
  • Former Actuarial Function at Fidea, Monument, Alpha insurance
  • Prophet implementation KBC Insurance, Fidea
  • IFRS 17 implementation KBC, Federale, P&V
    • Familiar with current challenges for pricing under IFRS 17: possibility of onerous groups as discount rates are lower than OLO rates
  • Mother tongue : Dutch

Working experience

principal | Milliman | 2012-2024

  • Manager of the Brussels office with a strong entrepreneurial mindset
  • Actuarial Function Holder
  • Solvency 2 model validation life insurance, ORSA
  • IFRS 17: designer of the calculation engine on the Milliman Integrate and Milliman Mind platforms, winning an award from InsuranceERM; interpretation of IFRS 17 results and volatility
  • Mergers and Acquisitions on the Belgian insurance market
  • International assignments

actuary and risk manager | KBC | 1996-2011

  • Life Actuary: product development branch21-23, profit testing, profit sharing policy, Prophet
  • ALM Manager: standalone and consolidated market risk positions from a bank and insurance perspective
  • Economic Capital Manager: framework for economic value creation
Education

Executive MBA | 2023 | Vlerick business school

  • Apart from my financial background above, the focus in this program was on team leadership, management of startups, marketing and strategy implementation

Master of STatistics | 2001 | Ku Leuven

Master of Actuarial Sciences | 1996 | Ku Leuven

Other activities

non-executive board member | 2024 |WOONCOOP

  • Voluntary board assignment in co-housing society offering a solution between renting and buying property

BOARD MEMBER | 2008-2016 | Institute of actuaries in belgium (IABE)

  • Contributing to the transition from KVBA to IABE
  • Currently: Actuarial Function and IFRS 17 working groups

International Actuarial Association (IAA) | 2004-current

  • Insurance Accounting Committee (IFRS 17, ISSB)

© 2024 Kurt Lambrechts GCV BE0841.487.173