Michał Herbich

Partner Associate, Head of Insurance, Head of Risk and Actuarial for Central and Eastern Europe

KPMG in Poland

Michał is active on the insurance market since 2002. His experience includes leading comprehensive Solvency II project (with an application process for an internal model), valuation of insurance products, setting insurance reserves, developing asset valuation models, implementation of a risk management system, actuarial and investment team management. Prior to joining KPMG in 2019, Michał worked at Aviva, where he was the Chief Actuary, then the CRO of the Aviva Group in Poland and the Head of Aviva PTE. During his professional career Michał had the opportunity to gain experience in working with many financial standards including: IFRS, Polish Accounting Standards, US GAAP, Solvency II, MCEV and participates in current IFRS 17 projects. He also worked on acquisitions, dealing with actuarial due diligence and in the restructuring of corporate debt related to currency options (2009). In addition, Michał obtained qualifications in Machine Learning techniques and together with his team he successfully implements Data Science methods in the scope of advisory projects of the KPMG Actuarial.

  • PhD in Physics at the Warsaw University

  • Postgraduate Study for Investment Advisors at the Kozminski University

  • Certificate of Completion of “Customer Analytics” (Wharton)

  • Certificate of Completion of "Machine Learning" (Stanford)

  • Actuarial license No. 0146, Fellow of the Polish Society of Actuaries

  • Michał participates in conferences and seminars on the insurance market and the pension market. He also conducts trainings and workshops on Solvency II, risk management and actuarial techniques.