About ERMS

Elias Rahal is the Managing Partner of ERMS. He is a Fellow of the Society of Actuaries, with over 15 years of experience advising insurers, financial institutions, and supervisory bodies in regulated insurance markets. He also holds a certificate in International Financial Reporting for Insurers.

His work spans strategic insurance advisory, capital and balance-sheet management, enterprise risk frameworks, product development, underwriting strategy, and advanced actuarial modeling. Across these areas, he has worked closely with insurers on product design and restructuring, pricing strategy, profitability improvement, capital allocation, and the broader financial and risk consequences of business and underwriting decisions.

Elias has also advised on major merger, acquisition, and portfolio transfer transactions, supporting boards and senior management through actuarial due diligence, reserve validation, capital impact assessment, and transaction-related analysis. His experience includes reinsurance structuring, balance-sheet optimization, and forward-looking capital planning under both base and stressed scenarios, with a strong focus on how technical actuarial work should inform management decisions at the highest level.

In financial reporting, he has supported insurers through IFRS 17 implementation, review, and post-implementation refinement, with particular emphasis on governance, explainability, and connecting technical outputs to strategic and financial decision-making. His work in this area combines actuarial depth with a clear understanding of reporting architecture, management use, and the discipline required to make complex results robust, interpretable, and decision useful.

At ERMS, he leads the firm with a focus on disciplined methodologies, quantified risk assessment, and integrated frameworks that connect underwriting performance, capital resilience, financial reporting, and long-term sustainability. His approach combines technical rigor with strategic perspective, helping clients address complex insurance challenges in a way that is analytically sound, commercially relevant, and defensible before management, regulators, auditors, and other stakeholders.

Myriam is an Associate of the Society of Actuaries (ASA) with a specialization in healthcare, group insurance, and other short term insurance lines, supported by a strong foundation in actuarial analysis, financial modeling, and large-scale data work.

Her experience combines technical actuarial capability with practical business insight, particularly in areas where product design, claims experience, cost behavior, and financial sustainability need to be assessed together rather than in isolation. Her work includes health and group product design, actuarial pricing, healthcare sustainability analysis, claims diagnostics, and cost evaluation, with a strong focus on using large datasets to identify patterns, explain performance, and support better decision-making.

She also has experience in predictive analytics, model development, database building, and reporting structures that improve the quality, consistency, and usability of actuarial and financial information. This includes work connected to healthcare economics, utilization dynamics, funding structures, and the design of healthcare systems and benefit arrangements.

In employee benefits, she supports IAS 19 end-of-service and defined benefit valuations, alongside broader financial modeling and reporting support.

At ERMS, she leads the healthcare and employee benefits practice, with particular strength in health, group, and data-intensive analytical work. Her approach emphasizes rigor, coherence, and practical relevance, helping clients gain clearer visibility into healthcare performance, insurance portfolio behavior, financial exposures, and the design choices that shape long-term sustainability.