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Conor Callaghan

BSC FSAI
Associate Director
Dublin, IE

Conor Callaghan is an associate director in Milliman's Dublin office. He joined the Dublin practice in 2018.

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Experience

Conor’s expertise includes valuation and financial reporting, risk management, pricing, Solvency II, and other consulting work.

He has in-depth recovery and resolution knowledge having developed and reviewed several plans for clients. He has presented on recovery and resolution to Insurance Ireland members and at Milliman-hosted client events.

Conor has experience supporting Milliman’s HoAFs in carrying out their duties and in the outsourcing of the Actuarial Function, including delivery of the ARTPs and Reporting Actuary reports.

He has assisted risk functions in the design and implementation of ORSA processes, including the areas of financial modelling, own solvency needs, and standard formula assessments.

Publications

Read their latest work

Article

EIOPA consultations and the Solvency II review

30 January 2026 - by Conor Callaghan, Seán McCaw, Mirakh Modasia
As the revised Solvency II framework moves closer to its 30 January 2027 implementation date, the European Commission and EIOPA continue to publish consultation papers to clarify and refine technical aspects of the regime.
Article

EIOPA consultations and the Solvency II review

30 January 2026 - by Conor Callaghan, Neil Christy, Jan Elders, Seán McCaw, Gillian Tucker
Arising from the Solvency II 2020 review, the European Parliament formally adopted amendments to the Solvency II Directive in April 2024. Building on this, the European Commission published the finalised amendments to the Delegated Regulation underpinning the Directive in October 2025.
Article

Solvency II review – proposed amendments to the Delegated Regulation

19 August 2025 - by Joost Broens, Conor Callaghan, Neil Christy, Lucian Franzky, Francesca Tiozzo, Mirakh Modasia, Joanne Tan, Aoibhin Wood, Daniele Zinicola
We outline the European Commission’s proposed amendments to the Delegated Regulation that underpins the Solvency II Directive.
Article

Pre-emptive Recovery Plans: Take Two

06 December 2023 - by Eamon Comerford, Conor Callaghan
PRISM medium-low and low firms need to review their recovery plans for 2024, as required by the Central Bank of Ireland.
Article

Pre-emptive recovery planning: A first-timer's guide

04 May 2023 - by Rik van Beers, Conor Callaghan
Most European insurers will need to implement pre-emptive recovery plans due to the new IRRD, but the exercise can yield some invaluable insights on operations.
Article

It’s not a recovery plan – it’s a management action tool kit

06 October 2022 - by Conor Callaghan, Tony Dardis
What can be learnt from the best practices of European insurers’ recovery plans, and how such planning can be used to support a broader enterprise risk management program.
Article

Central Bank of Ireland recovery plan requirements for insurers regulations 2021

04 June 2021 - by Conor Callaghan, Eoin King
Recovery plan requirements update: This briefing note summarises the published regulations and guidelines of the Central Bank of Ireland (CBI).
Article

Items for companies to consider in the 2021 Own Risk and Solvency Assessment (ORSA)

21 April 2021 - by Eamonn Phelan, Conor Callaghan
This briefing note considers aspects that supervisors have recently commented upon, along with other topical areas that companies may find useful to consider when preparing their 2021 ORSA.
Article

Milliman Virtual Lunchtime Briefing: 17 September 2020

15 September 2020 - by Conor Callaghan, Rik van Beers, Kevin Manning
This briefing discusses regulations for pre-emptive recovery planning for (re)insurers, reinsurance as a capital management tool for life insurers and unit matching under Solvency II.
Article

CBI Consultation Paper on the Regulations for Pre-emptive Recovery Planning for Re(insurers)

21 July 2020 - by Eoin King, Conor Callaghan
On 25 June 2020, the Central Bank of Ireland (CBI) released a public consultation paper on proposals to introduce formal recovery planning requirements for (re)insurers under Section 48[1] of the Central Bank (Supervision and Enforcement) Act 2013.