LONDON, Dec. 21, 2015 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced the availability of two new reports detailing embedded value (EV) results for 32 major insurance companies in Europe and Japan and 14 major insurance companies operating in Asia. The reports examine trends among those companies that reported EVs as of mid-year 2015.
"In Europe, embedded value results in the first part of 2015 exceeded gains from the first six months of 2014," said Milliman Principal and Consulting Actuary Philip Simpson. "Japanese companies reported strong results for the fiscal year ending in March, 2015. Nonetheless, insurers remain cautious given the volatile markets and persistently low interest rates."
Key insight from the European report include:
"The big story in Asia is the breakout growth of value of new business (VNB) in the first half of 2015 compared to the same period in 2014. This growth has been mainly new business volume driven (rather than by major margin enhancement efforts) primarily as a result of the burgeoning middle class in many Asian countries," said Milliman Principal and Consulting Actuary Paul Sinnott.
Key insight from the Asian report include:
Interested parties may obtain a copy of the Milliman studies at http://www.milliman.com/ev-research or receive further information by telephoning or emailing:
About Milliman
Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Milliman is a global firm of more than 3,000 employees, with over 55 total offices operating in all major markets across Africa, Asia, Australia, the Americas, Europe, and the Middle East. For more than 60 years, an attention to rigorous standards of professional excellence, peer review, and objectivity has made Milliman the leading independent actuarial firm. For further information, visit www.milliman.com.