Navigate today’s most pressing health industry challenges with a leading global expert by your side.
Meet growing needs for innovative insurance solutions while increasing operational health and improving compliance.
Memenuhi janji di masa lalu dan merancang solusi cerdas untuk masa depan.
Manage complex risks using data-driven insights, advanced approaches, and deep industry experience.
This is a place where your ideas and insights make an impact. Where an independent, entrepreneurial spirit is an advantage. And where diversity of thought and experience makes us who we are.
Data-driven insight. Deep expertise. Transformative innovation. Since 1947, Milliman has delivered intelligent solutions to improve health and financial security.
Daren Lockwood leads the quantitative development group within Milliman’s Financial Risk Management practice in Chicago. This group serves as a hub for R&D in the practice and focuses on capital markets modeling, market-consistent valuation of insurance company liabilities, and simulation analysis of risk management strategies.
Daren has overseen development of Milliman’s MG-Hedge® valuation system, which has become the industry’s standard tool for hedging market risk associated with a range of annuity and life products. He has developed market-consistent option valuation models for various equity-linked investment products and embedded interest rate derivatives. These models support trading functions within active hedge programs, and also serve as calculation engines for stochastic-on-stochastic financial projections of hedge strategy performance.
Prior to joining Milliman, Daren was a postdoctoral research scientist at Northwestern University where he worked on design and development of large-scale stochastic simulations.
Recently, Daren has been involved in economic capital projects for major life insurance companies. His focus has been on economic scenario generation and development of “lite” models for liabilities, such as curve-fitting techniques. He has also helped to develop seriatim asset valuation systems for clients, including modeling for bond portfolios and derivatives backing variable annuity guarantees.
Daren has also participated in the review of several hedge programs and scenario generators for life insurance companies. These reviews have focused on hedge strategy analysis, approaches to multi-economy scenario generation, and stochastic equity volatility modeling.
Daren also served as Milliman’s Research Director for Life and Financial Services, from January 2013 to January 2018.