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We’re driving the future with our analytics and modelling technologies

Digital health and wellness

Milliman RapidHRA

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Claims processing and data analysis

Milliman Health ClaimsRef

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Healthcare analytics

MedInsight

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Economic Scenarios Generation

Milliman Economic Scenario Generator

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Financial Modeling Platform with Excel language

Milliman MIND

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Goals-based modelling

Goals-based Advice Platform

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Research Report

2023 embedded value results: Asia

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Thought leadership from Milliman offices across Asia

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Insight

Insight from Milliman

Asia e-alert

Life in Indonesia: March 2025

This edition of Milliman’s Indonesia Life Insurance Newsletter covers market performance for the third quarter of 2024 and industry developments for the fourth quarter.

Asia e-alert

Hong Kong: Illustration rate cap for participating products

In early 2025, the Hong Kong Insurance Authority (HKIA) introduced a new regulatory requirement regarding benefit illustrations for par products.

Asia e-alert

Malaysia: Interim measures on medical and health insurance and Takaful (MHIT) products

We discuss medical inflation in Malaysia, the interim measures introduced by BNM, and implications to Malaysian insurance companies and Takaful operators.

Milliman Asia e-alerts

key consultants

Meet some of the key consultants in India

Philip Jackson

Principal and Consulting Actuary
Philip is a consultant in our life insurance practice, based in Mumbai. He supports our projects in India and the Asia-Pacific region. Philip is one of the key members of Milliman Asia IFRS 17 working group, working primarily on with-profits products and the variable fee approach.
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Shamit Gupta

Principal and Consulting Actuary
Shamit is a Principal and Consulting Actuary in our life insurance consulting practice in India and is based in New Delhi. He joined the firm in 2010.
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Heerak Basu

Principal & Consulting Actuary
Heerak is a consulting actuary with our life insurance consulting practice in India and is based in Mumbai. He joined the firm in 2018. Having worked in, and consulted to the Indian life insurance industry for more than 20 years Heerak is very well known in the Indian market.
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Richard Holloway

Managing Director, South East Asia & India Life
Richard is the managing director of Milliman's South East Asia and India life consulting businesses, based in Singapore. Richard is well known across the region, having been working as a consultant in the region since 1995. He joined the firm in 2010.
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Subhash Khanna

Principal and Consulting Actuary
Subhash Khanna is a principal and consulting actuary in our life insurance consulting practice in India and is based in New Delhi. He joined the firm in January 2015.
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Lalit Baveja

Principal & Sr. Healthcare Management Consultant
Lalit Baveja is a senior health care management consultant at Milliman’s India office and leads the clinical team. He joined the firm in February 2007.
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Vandana Bhardwaj

Principal & Sr Vice President, MedInsight
Vandana Bhardwaj leads the overall management, P&L responsibility, operations, technical services, and product development functions for Milliman’s MedInsight® Practice in India. She joined the firm in 2005 and helped build the MedInsight India Practice.
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Rachin Aggarwal

Principal & Senior Consultant
Rachin Aggarwal is a principal and senior consultant in our New Delhi Health and Property and Casualty Practice. He joined the firm in 2008.
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Leena Chakma Laloo

Principal & Sr. Healthcare Management Consultant
Leena Laloo is a senior healthcare management consultant with the New Delhi office of Milliman. She joined the firm in 2007
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Abhishek Agrawal

Sr. Healthcare Management Consultant
Abhishek is a senior healthcare management consultant at Milliman’s India office. He leads health data analytics projects for Milliman clients in India and globally. Abhishek started working at Milliman in India in 2005. He ventured out of Milliman for five years and joined the firm again in 2017.
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Sudhanshu Bansal

Principal & Sr. Healthcare Management Consultant
Sudhanshu Bansal is a clinician currently working as a senior healthcare and management consultant at Milliman’s India office. He joined the firm in July 2008.
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Joanne Buckle

Principal and Consulting Actuary
Joanne Buckle is the lead consultant in the Milliman London Healthcare Practice. She has been at Milliman since 2001, including 18 months in the New York City office.
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Mark Whatley

Consulting Actuary
Mark is a consulting actuary in Milliman's Singapore office. He joined Milliman in 2017. Mark provides independent and objective consulting advice on employee benefits to multinationals, local companies and government-linked organisations.
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