Karl Bernhardt

Actuarial Manager

Dublin, IE

Karl Bernhardt is an actuarial manager with Milliman's Dublin office.

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Experience

Karl’s experience is primarily in the health insurance field in the South African market and other regions of Africa. Prior to joining Milliman, he was involved in the development and implementation of provider reports and provider reimbursement models for Discovery Health, South Africa.

His expertise includes claims analytics, claims reporting, risk management intervention pricing, and predictive modelling. He has assisted the clinical risk function in the design and implementation of risk management processes for Discovery Health, South Africa.

He has experience applying advanced risk adjustment methodologies, including statistical modelling and clinical twin studies, to accurately analyse trends in healthcare claims data. He has in-depth knowledge of the health insurance clinical coding environment, including the use of Diagnosis Related Groups (DRGs), International Classification of Diseases (ICDs), and Current Procedural Terminology (CPTs).

Professional Designations

Fellow, Actuarial Society of South Africa (FASSA)
Chartered Enterprise Risk Actuary (CERA)

Education

Bachelor of Commerce in Actuarial Science, Stellenbosch University
Bachelor of Commerce (Hons) in Actuarial Science, Stellenbosch University

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Publications

Read their latest work

Article

An application of generative AI in the insurance industry

23 December 2025 - by Karl Bernhardt, Gillian Tucker, Céline Francony, Adel Cherchali

We demonstrate that a generative AI model can effectively assist in producing a summary of narratives explaining best estimate liability movements.

Karl Bernhardt

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Experience

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Read their latest work

An application of generative AI in the insurance industry

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Karl Bernhardt

Experience

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