Shamit has over 14 years of life insurance consulting experience, serving clients across the globe, especially in India and the Asia Pacific region.
Shamit was involved in setting up and now leads Milliman’s life insurance consulting practice based in New Delhi. This team provides consulting support to our clients across the globe, including the USA, EMEA, and the Asia Pacific region.
Shamit was also one of the founding members of Milliman’s Indian life insurance consulting practice based in Mumbai. As part of this practice, Shamit provided consulting support to clients based in India, Sri Lanka, and the Asia Pacific region. He continues to serve Milliman clients based in India in a limited capacity.
Prior to Milliman, Shamit worked with Towers Watson for more than four years in its life insurance consulting practice in India, where he provided consulting support to clients based in India, the Asia Pacific region, and across the globe. Shamit also interned at Max Life.
He has worked on a large number of embedded / appraisal valuations, especially in the context of M&As and IPOs, in India, the Middle East, and the Asia Pacific region. Shamit played a key role in the IPO of ICICI Prudential Life, the first insurance company to launch its IPO in India.
Shamit also provides consulting support to Milliman clients on a wide range of projects, including:
- Financial reporting on US GAAP
- Review of embedded value disclosures
- Peer review of statutory valuations by Appointed Actuaries in India
- Review of statutory valuations
- Product development / pricing
- Model build / review (including Prophet and MG ALFA)
- Strategy development / benchmarking
- Market entry / business planning support
- Market reports
Shamit also serves on actuarial advisory groups in India.
