Life insurance

By William C. Hines, Cici Zhang  |  02 August 2017

Milliman’s survey measures the preparedness for International Financial Reporting Standard (IFRS) 17 among insurers.

By Neil Cantle  |  06 July 2017

This report sets out the methodology and results of Milliman’s research investigation into the use of advanced systems mining techniques to determine how lapse experience for long-term insurance business might change according to the prevailing dynamics within the business and due to uncontrollable external factors.

By Neil Cantle  |  21 June 2017

This report uses advanced machine learning algorithms, such as deep neural networks, to analyse social media conversations about Brexit.

By Alex Bryant, Richard W. Holloway, Paul Sinnott, Michael Daly, Wing F. Wong, Chihong An, Stephen H. Conwill, Farzana Ismail, David Kong, Philip Jackson  |  09 June 2017

This report provides a comprehensive overview of participating insurance products in the Asian markets looked at through three lenses: a regional view, a brief analysis by country and a detailed country report.

By Karthik Yadatore, Craig W. Reynolds, William C. Hines, Shamit Gupta, Zi Xiang Low  |  06 June 2017

This report discusses the impact of the Financial Accounting Standards Board’s proposed changes to GAAP accounting standards on long duration insurance contracts, specifically on earnings and equity for several illustrative product types and the industry’s preparedness to adopt the new guidance.

By Wade Matterson, Richard W. Holloway, Paul Sinnott, Michael Daly  |  05 May 2017

This report sets out perspectives and an analysis of the current and future state of the market for retirement income in Asia Pacific.

By Paul Sinnott, Michael Daly, Richard W. Holloway, Wing F. Wong  |  16 December 2016

This report provides a summary of the mid-year 2016 embedded value results disclosed by Asian insurers.

09 December 2016

The combined power of cloud computing and advanced data analytics is being harnessed to help insurers hone their modelling skills to better manage risk, cut costs and improve efficiencies.

By Philip Jackson, Richard W. Holloway, Sanket Kawatkar, Shamit Gupta  |  22 November 2016

The sudden reduction in interest rates in India can be expected to have an adverse impact on life insurance companies operating in the market.

By Philip Jackson  |  02 November 2016

Philip Jackson, Milliman Mumbai, presented at the Investec Life Insurance Conference 2016.

By Iwan Juwono, Chihong An, Michael Daly, Paul Sinnott, Richard W. Holloway, Sojung Lee, Wing F. Wong  |  03 October 2016

This report compares and contrasts the various different approaches taken to embedded value reporting across Asian markets and insurers.

By Jeffrey A. Courchene, Mark R. Shapland  |  22 August 2016

This paper develops and examines a framework for reserve distribution testing and validation and demonstrates its use with real datasets within an enterprise risk management framework.

By Kurt Lambrechts, William C. Hines  |  28 July 2016

This note, an update of the January 2016 briefing note, discusses the board’s decisions regarding amendments in International Financial Reporting Standards (IFRS) 4 Insurance Contracts.

By Michael Daly, Sing Yee Yeoh  |  12 July 2016

This e-Alert compares the key changes proposed in the Risk Based Capital 2 (RBC 2) framework with the existing RBC framework and explains what these changes, if adopted, may mean for the Thai life insurance industry.

By Iwan Juwono, Halim Gunawan, Richard W. Holloway  |  10 February 2016

Developments in the Indonesian life insurance industry for 1 September 2015 to 31 December 2015.

By Philip Jackson, Richard W. Holloway, Sanket Kawatkar, Shamit Gupta  |  29 January 2016

The Insurance Regulatory and Development Authority of India (IRDAI) has released a number of new regulations and draft (proposed) regulations after the passage of the Insurance Laws (Amendment) Act 2015.

By William C. Hines  |  28 January 2016

This briefing note discusses transition issues due to the different effective dates of International Financial Reporting Standard (IFRS) 9 Financial Instruments and the forthcoming new IFRS 4 Insurance Contracts. The brief also examines the proposed amendments to address these transition issues.

By Iwan Juwono, Michael Daly, Paul Sinnott, Richard W. Holloway, Wing F. Wong  |  18 December 2015

This report supplements the full year embedded value report for Asia (excluding Japan), which was released in September, and provides a summary of the published half-year 2015 embedded value results for Asian insurers.

By Sam Morgan, Wilson Tian, Sharon Huang, Wing F. Wong  |  14 December 2015

This report focuses on life insurance and covers the China Risk Oriented Solvency System’s (C-ROSS) three-pillar structure, quantitative field testing results, international standards, and observations and potential issues around the new regime.

By Iwan Juwono, Richard W. Holloway  |  30 September 2015

Developments in the Indonesian life insurance industry for 1 May 2015 to 31 August 2015.