NEW BUSINESS SURGE LEADS TO DOUBLE-DIGIT EMBEDDED VALUE GROWTH IN ASIA

Milliman, Inc., a premier global consulting and actuarial firm, today announced the findings of its study on reported year-end 2016 embedded value (EV) results for 34 major insurance companies operating in Asia, excluding Japan. The report highlights trends among companies reporting EVs and reveals ..


HONG KONG, Aug. 14, 2017 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced the findings of its study on reported year-end 2016 embedded value (EV) results for 34 major insurance companies operating in Asia, excluding Japan. The report highlights trends among companies reporting EVs and reveals a growth in reported 2016 EV of 15.3% by Asian insurance companies. This was primarily driven by a 40% growth over 2015 in Value of New Business (VNB) across the region in 2016.

The Milliman 2016 Embedded Value Results: Asia (excl. Japan) report analyses and discusses the EV methodologies and assumptions, the impact of regulations, as well as recent developments with the long-awaited IFRS 17 reporting regime.

"The China and Hong Kong markets were the main drivers of the VNB explosion in the region; both having mainland consumers to thank for these results," said Milliman principal and consulting actuary Paul Sinnott. "Although we have some longer term concerns about the sustainability of profit margins in the region, recent yield curve rises are relieving some margin pressure in the short term."

A few key insights from the Asian report include: A copy of the report detailing these and other pertinent trends is available for download on http://www.milliman.com/ev-research. 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 healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe including multiple offices in Asia & the Middle East. For further information, visit milliman.com.

SOURCE Milliman, Inc.

prnewswire.com (Date:08/14/2017 04:18) Related News about "New business surge leads to double-digit embedded value growth in Asia" news from other sites: (news similarity rate is shown on left.)

Japan: Japan idpn is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south. The characters that make up Japan's name mea
- Japan Wikipedia
Asia: