Markus Hersche
Manager
Zürich, CH
Markus Hersche joined Milliman's Zurich office in August 2021. His main areas of expertise include:
- IFRS 17
- Actuarial testing
- Pricing
- M&A due diligence
Experience
At Milliman, Markus has been involved in the following consulting activities in the area of P&C and life insurance:
- Several projects related to IFRS 17 that involved documentation, actuarial tool testing, and requirement engineering
- Industrialisation/automation of recurring actuarial/reporting processing
- Analysis of IFRS 17 public disclosures
- Analysis of use cases for actuaries using Generative AI
- Guarantee reserve calculations
Before joining Milliman, Markus worked for two years as a Life Pricing Actuary in the actuarial department of a Swiss insurer. Markus holds a PhD in Economics from the ETH of Zurich and is a full qualified Actuary SAA.
Professional Designations
- Actuary SAA (Swiss Association of Actuaries)
Education
- PhD, Economics, ETH Zurich
Publications
Read their latest work
Article
Barometer of generative AI adoption in the European insurance industry
06 May 2025 - by Benjamin Aubignat, Niccolò Basetti Sani Vettori, Alexandre Boumezoued, Adel Cherchali, Markus Hersche, Alan McDonagh, Patrick Meghen, Russell Osman, Job Prince, Jean-Baptiste Sallmann, Davide Scandiuzzi, José Silveiro, Yohav Touitou, Raymond van Es, Ziyou Zhou
Milliman has analyzed adoption and use of generative artificial intelligence (AI) by insurers in the European market.
Article
IFRS 17 benchmarking: FY 2023
30 July 2024 - by Demosthenis Demosthenous, Markus Hersche, Dilesh Patel, Jean-Baptiste Sallmann, Francois Uzan, Henny Verheugen
For European insurers, contractual service margin, risk adjustment, and reevaluations significantly influenced performance in 2023.