Welcome to Milliman Korea

2019 embedded value results: Asia

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

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IFRS 17

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

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Booster-FMS

Booster-FMS is a GPU-accelerated software program that increases computational performance for actuarial modeling and insurance reserving. Booster-FMS contains patented technology that allows a user to translate and compile Microsoft Excel VBA codes to either CPU or GPU computational codes in a variety of environments.

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Featured Products

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

Reserving and IBNP reserve estimation
Reserving

Arius

Analyze unpaid claims liabilities with industry-leading stochastic and deterministic reserving tools and methods.

Solvency II reporting and compliance
Solvency II reporting & compliance

VEGA

Streamline Solvency II compliance with a multi-user, multi-site tool for Standard Formula SCR and quantitative reporting templates.

Research Report

Life insurance capital regimes in Asia

This report covers the capital regimes in 10 markets in Asia plus the 2018 International Capital Standard field test. The report seeks to provide a comparison of key quantitative and qualitative aspects of life insurance capital regimes in Asia and an analysis of key capital results based on information publicly available and other market sources.

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Insight

Insight from Milliman

Asia E-alert

Indonesia: Proposed updates to PSAK 74 in response to amendments to IFRS 17 (Part I- reducing costs)

In this e-Alert, we discuss amendments introduced to reduce the costs of IFRS 17, their impact on insurers and the likely impact on financial accounting standards.
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Report

Milliman Fulfillment Ratio Index: Reporting year 2019

Calculated annually by Milliman, the Milliman Fulfillment Ratio Index covers Hong Kong insurance companies representing a significant market share as measured by in-force premiums (> 85% in 2019).
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E-alert

Malaysia: Key issues and challenges observed around IFRS 17 implementation in life insurance and Takaful

In Malaysia, most insurance and Takaful companies have already started their implementation phase of IFRS 17, but there continues to be ambiguity in interpreting several areas of the IFRS 17 standard.
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Key Consultants

Meet some of the key consultants in Korea

An Chihong

Chihong An

Senior Consultant, Managing Director of Milliman Seoul Office

Chi-Hong joined the Chicago office of Milliman in July 2000 as part of the firm's expansion plan of its Asian operations. He moved to Korea in April 2002 to lead the practice of Milliman Korea.

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