HONG KONG, Dec. 8, 2017 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released its latest report, "2017 Mid-Year Embedded Value Results: Asia (excluding Japan)," which summarises mid-year 2017 embedded value (EV) results disclosed by Asian insurers in eight key countries. The report examines the results at a company and country level and supplements the "2016 Embedded Value Results: Asia (excl. Japan)" report released in August 2017. It also includes an update of the India 2016 full-year results, not earlier available due to the market's March financial year-end. The findings highlight an overall increase in growth of EV, an increase in value of new business (VNB) and improvement in new business margins.
"As expected, positive performances by Asian equity markets and improving yields have led to an increase in the EV of life insurers within the region," said Milliman Principal and Consulting Actuary Paul Sinnott. "These favourable economic conditions, combined with refined product strategies and improved distribution channel productivity continue to drive growth in life insurance premiums, margins and the overall business in Asia."
Highlights from the report include:
A copy of the report is available for download on http://sg.milliman.com/insight/2017/2017-Mid-Year-Embedded-Value-Results-Asia-excl_-Japan/. For more details, please contact:
About Milliman
Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in life insurance and financial services, property & casualty insurance, healthcare, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. For further information, visit milliman.com.