IFRS 17
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The Milliman Fulfillment Ratio Index: Reporting year 2024
In Hong Kong, Milliman’s Fulfillment Ratio Index shows slightly lower levels for the top 10 insurers in 2024 reports, with modest improvement plausible for 2025.
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Health Regulations e-Alert
With health insurance reform in Indonesia, we assess the likely impact of a regulation by the Financial Services Authority (OJK) on insurance products.
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Thailand in focus: What's new in non-life — March 2026
In Thailand’s non-life insurance market, total direct premiums increased by 2% in 2025, led by increases in areas such as motor, personal accident, and health.
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key consultants
Meet some of the key consultants in Sri Lanka

Philip Jackson
Principal and Consulting Actuary
Philip is a consultant in our life insurance practice, based in Mumbai. He supports our projects in India and the Asia-Pacific region. Philip is one of the key members of Milliman Asia IFRS 17 working group, working primarily on with-profits products and the variable fee approach.

Shamit Gupta
Principal and Consulting Actuary
Shamit is a Principal and Consulting Actuary in our life insurance consulting practice in India and is based in New Delhi. He joined the firm in 2010.

Richard Holloway
Managing Director, South East Asia & India Life
Richard is the managing director of Milliman's South East Asia and India life consulting businesses, based in Singapore. Richard is well known across the region, having been working as a consultant in the region since 1995. He joined the firm in 2010.

Mark Whatley
Consulting Actuary
Mark Whatley is a principal and consulting actuary in Milliman’s Singapore office. He joined Milliman in 2017 and has been based in Singapore for 19 years.
Mark provides independent and objective consulting advice on employee benefits to multinationals, local companies, government-linked organizations, and social security funds. His public sector experience includes projects in Indonesia, Malaysia, Brunei, and Singapore.

Cathy Hwang
Principal & Consulting Actuary
Cathy Hwang is a principal and consulting actuary in Milliman’s Hong Kong office, where she specializes in the Greater China property and casualty insurance markets. She joined the firm in 2003.

Lalit Baveja
Principal & Sr. Healthcare Management Consultant
Lalit Baveja is a senior health care management consultant at Milliman’s India office and leads the clinical team. He joined the firm in February 2007.


