Milliman Asia

🌎🌟 At Milliman, we are deeply committed to our mission: To serve our clients to protect the health and financial well-being of people everywhere. It serves as a constant reminder that our work is vital, because our clients depend on us to help them deliver on the promises they’ve made to their customers, patients, members, employees, and communities. 🌍🌟 In the spirit of the Milliman mission, we are thrilled to announce the launch of our new tagline: Solutions for a world at risk™. This simple phrase is intended to convey urgency, scale, and possibility: urgency, because the risks facing our clients — from extreme weather and market volatility to financial insecurity and rising health costs — are complex and fast-evolving; scale, because no region or population is exempt; and possibility, because with the right combination of vision, technology, and expertise, no risk is insurmountable. 🌏🌟 Over the next few weeks, we will be sharing “solution stories” that illustrate how we’ve collaborated with clients to unlock innovation, expand protection, and improve lives. We hope you will find these stories compelling and inspiring, and that you will join us in celebrating our shared commitment to accelerating solutions for a world at risk. Discover how we're confronting complex risk on a global scale: https://bit.ly/47FoJkw #Milliman #SolutionsforaWorldatRisk #insurance

As financial reporting standards like 𝐈𝐅𝐑𝐒, 𝐔𝐒 𝐆𝐀𝐀𝐏, 𝐚𝐧𝐝 𝐑𝐁𝐂 continue to evolve, insurance companies face increasing challenges in 𝐢𝐧𝐭𝐞𝐫𝐩𝐫𝐞𝐭𝐚𝐭𝐢𝐨𝐧, 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞, 𝐚𝐧𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐦𝐩𝐚𝐜𝐭. For insurers operating across multiple geographies, these challenges multiply. In the latest article from our Managed Actuarial Services team, we explore the growing demand for actuarial expertise in navigating these changes and highlight the benefits of managed actuarial services as a cost-effective solution for meeting reporting requirements. Click here to read the full article: https://lnkd.in/dXWRWFjn #milliman #millimanuk #actuarialservices #ifrs #usgaap #rbc

We're still celebrating #InternationalWomensDay across the globe! 🌎💁♀️ From Dublin's lunch catered by a female-owned company, to Chicago's financial literacy focus, to New Delhi's Bollywood-style event, our teams honored the day in their own unique ways. In Dublin, we shared inspiring stories about women who've positively impacted society. In Chicago, we partnered with Horizons for Youth to mentor young women on financial literacy. In New Delhi, we recognized the contributions of our women employees, who comprise over 40% of our team. Here's to celebrating the women who drive our company forward every day! #IWD2024 #WomenInLeadership #GenderEquality #Milliman

Actuarial outsourcing has grown significantly, starting with business-as-usual tasks and expanding to include model development and specialized support. This shift helps companies adapt in competitive markets by offering cost savings, scalability, and expertise. Understanding these outsourcing options can enable your firm to enhance its core strengths strategically. To learn more, click here: https://bit.ly/3H0Ig2l. #actuarialscience #insurance #outsourcing

This briefing note explores the concept of partial surrenders in life insurance policies. Partial surrenders are commonly used in unit-linked and variable annuity business and can pose risks for insurers. The briefing explores various approaches to help insurers manage risks, ranging from simplified static partial surrender assumptions to dynamic partial surrenders on both deterministic and stochastic bases. Additionally, it examines the potential drivers of partial surrenders and the modeling of dynamic partial surrenders. To learn more, click here: https://bit.ly/3Gt3ntW. #annuities #insurers

An out-of-date approach to governance leaves important reserve and loss estimates vulnerable to human error and inadequate security controls. By focusing on purpose-built technology and process automation, your organization can upgrade to a governance framework that ensures increased efficiency, fewer reserve surprises, more involved management, and streamlined audits. To learn more, click here: https://bit.ly/47Tfxs3. #datagovernance #insurance #reserving

This briefing note explores the concept of partial surrenders in life insurance policies. Partial surrenders are commonly used in unit-linked and variable annuity business and can pose risks for insurers. The briefing explores various approaches to help insurers manage risks, ranging from simplified static partial surrender assumptions to dynamic partial surrenders on both deterministic and stochastic bases. Additionally, it examines the potential drivers of partial surrenders and the modeling of dynamic partial surrenders. To learn more, click here: https://bit.ly/3Gt3ntW. #annuities #insurers

Claims experience shows that COVID-19 affects morbidity and mortality in insured groups, possibly contributing to adverse pricing results over several years. In this paper, our Brian Ivanovic examines the emergence of excess mortality and new-onset disease that are significant for insurance underwriting beyond 30 days from infection. To download the paper, click here: https://bit.ly/3ttdwna. #covid19 #morbidity #mortality

Singapore par funds had negative investment returns in 2022, but the aggregate solvency ratio remained even thanks to shareholder capital from surplus accounts. For more information, read our latest Asia E-Alert: https://bit.ly/46DJcoP. #insurance #investments #solvency

Rapidly rising rates and high inflation have not had a “one-size-fits-all” impact on the solvency positions of life insurers. In part two of our ongoing series exploring this, we take you on a deep-dive through various regions to showcase how those impacts have differed for life insurers across the globe. These data points will influence insurers and regulators for years to come with one shared goal – staying solvent in turbulent times. For the latest report visit https://bit.ly/3ZNPPlE For part one visit https://bit.ly/3LVIAm9 #Milliman #Inflation #InterestRates