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Welcome to Milliman India

Featured Report

Global high-net-worth life insurance market: Sizing, structuring, and strategic opportunities

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Research Report

2025 embedded value results: Asia

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Insight

The latest insight from Milliman India's experts

Asia E-Alert

RBC in Indonesia: Upcoming changes and comparison against capital regimes across Asia

Changes introduced under the new risk-based capital (RBC) framework could have implications for the product and investment landscape.

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White paper

Indian general insurers: Outlook, challenges and issue evolution post-COVID-19

India’s general insurers, rather than having a return to normal post-COVID, face a series of new challenges, with AI and analytics now key to decision making.

Article

Leveraging MCEV reporting to set up US GAAP reporting

We help guide life insurers in Asia that need to make the transition to a US GAAP reporting structure from the Market Consistent Embedded Value (MCEV) method.

Insight

Milliman Asia e-alerts

Sign up to receive the latest research reports, papers and updates on regulations relevant to the region.

Asia E-Alert

RBC in Indonesia: Upcoming changes and comparison against capital regimes across Asia

Changes introduced under the new risk-based capital (RBC) framework could have implications for the product and investment landscape.

Report

The Milliman Fulfillment Ratio Index: Reporting year 2024

In Hong Kong, Milliman’s Fulfillment Ratio Index shows slightly lower levels for the top 10 insurers in 2024 reports, with modest improvement plausible for 2025.

White Paper

Health Regulations e-Alert

With health insurance reform in Indonesia, we assess the likely impact of a regulation by the Financial Services Authority (OJK) on insurance products.

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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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, VP Clinical Products & Consulting
Leena Laloo is a principal and VP of clinical products & consulting 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 Whatley is a principal and consulting actuary in Milliman’s Singapore office. He joined Milliman in 2017 and has been based in Singapore for 19 years. Mark provides independent and objective consulting advice on employee benefits to multinationals, local companies, government-linked organizations, and social security funds. His public sector experience includes projects in Indonesia, Malaysia, Brunei, and Singapore.
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