Welcome to Milliman India

Milliman has offices in Mumbai and New Delhi. We work in the areas of health insurance, employee benefits and life insurance. We focus on embedded valuation, BAU outsourcing, IPOs, M&A, data analytics, and pricing and capital management.
THE CORONAVIRUS (COVID-19)

Confronting a global pandemic

What does the outbreak of the coronavirus mean for healthcare and insurance?

2019 Mid-Year Embedded Value Results: Asia

This report provides a summary of the mid-year 2019 embedded value (EV) results disclosed by Asian insurers. Most companies in the region have experienced steady growth in EV in the first half of the year. The growth in Value of New Business was mixed across the Asian markets.

IFRS 17

Using a multidisciplinary approach to tackle the operational and strategic challenges of IFRS 17.

MedInsight

Powered by the MedInsight Data Confidence Model, MedInsight bridges the gap between cost management and care management.

Milliman’s first Microinsurance Supply-side Study of Asia

Highlighting insurer perspectives of the microinsurance market and challenges faced by providers in Bangladesh, China, India, Indonesia and the Philippines.

Featured Products

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

Predictive analytics
Predictive analytics

Milliman CHESS (Cloud Hosted Economic Scenario Simulator)

CHESS helps insurers compute regulatory calculations. Useful for asset liability management studies, product pricing and strategic allocation.

Software performance enhancement
Financial Modeling Platform with Excel language

Milliman MIND

Milliman Mind is a flexible and easy-to-use web-based platform which automatically converts Excel spreadsheets into more powerful models.

Goals based modeling
Goals-based modelling

Goals-based Advice Platform

The Goals-Based Advice Platform uses Milliman’s decades of actuarial expertise modelling risks for global insurance companies and applies it to retail investors.

Thought leadership from Milliman offices across Asia

key consultants

Meet some of the key consultants in India

Kawatkar Sanket

Sanket Kawatkar

Principal & Consulting Actuary, Life Insurance (India)

Sanket Kawatkar is the head of Milliman's life insurance consulting practice in India and is based in Mumbai. He has been a consultant for over 17 years. Sanket joined the firm in 2010. With an overall experience of more than 24 years,...

Gupta Shamit

Shamit Gupta

Principal & Consulting Actuary

Shamit is a consulting actuary in Milliman's life insurance consulting practice in India and is based in New Delhi. He joined the firm in 2010.

Heerak Basu

Consulting Actuary

Heerak Basu is a consulting actuary with Milliman's 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 y...

Jackson Philip

Philip Jackson

Principal and Consulting Actuary, Life Insurance

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-p...

Richard Holloway

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 t...

Baveja Lalit

Lalit Baveja

Senior Healthcare Consultant

Lalit is a senior healthcare management consultant with the New Delhi office of Milliman and heads the clinical team. He joined the firm in 2007.

Bhardwaj Vandana

Vandana Bhardwaj

Principal and Director, IT Products & Services

Vandana leads the overall management, P&L responsibility, operations, technical services and development initiatives for MedInsight India. MedInsight® is a platform for data warehousing and healthcare analytics. Vandana has led and men...

Aggarwal Rachin

Rachin Aggarwal

Consultant – Healthcare

Rachin Aggarwal is a lead consultant in the Milliman New Delhi Health and Property and Casualty Practice. He joined the firm in 2008.

Laloo Dr Leena Chakma

Dr. Leena Chakma Laloo

Senior Healthcare Management Consultant

Leena Laloo is a senior healthcare management consultant with the New Delhi office of Milliman. She joined the firm in 2007

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 ou...

Bansal Dr Sudhanshu

Dr. Sudhanshu Bansal

Senior Healthcare Management Consultant

Sushanshu is a medical doctor, currently working as a healthcare consultant in Milliman's India office. He joined the firm in January 2007.

Buckle Joanne

Joanne Buckle

Principal & Consulting Actuary

Joanne 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.

Whatley Mark

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 organisati...

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