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Ankit Baweja, BCOM (Hons.), MSc Actuarial Management

Actuarial Associate
Mumbai, IN

Tel: +91 124 4641504

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Professional Designations

  • Student member, Institute of Actuaries, UK
  • Student member, Institute of Actuaries of India


  • MSc, Actuarial Management, Cass Business School, London
  • Bachelor of Commerce (Honours), Delhi University

Current Responsibility

Ankit is an actuarial associate working with our life insurance consulting practice in India and is based in New Delhi. He joined Milliman in 2014.


Ankit has more than five years of actuarial consulting experience, during which he has supported clients in India and the Asia Pacific region.

At Milliman, he has worked on a large number of model validation projects for life insurance companies. These include projects covering a review of embedded valuation and statutory reserves for clients based in India and Sri Lanka.

Most recently, Ankit was also part of the team that supported ICICI Prudential in its initial public offering (IPO”, which was the first insurance IPO in India. Ankit has also been part of a team involved in the review of embedded valuation of Max Life Insurance.

He has worked on a number of M&A projects by deriving the embedded value, structural value and appraisal value of life insurance companies.

Some of the other projects that Ankit has been involved in include product pricing and market report/industry benchmarking. Ankit has worked on assignments covering a variety of product structures, including participating, non-participating, unit-linked, universal life and riders.

He is an experienced modeler on a variety of actuarial platforms, including Prophet and MS Excel (including VBA) and has been instrumental in modelling complex product benefits in an efficient manner.

Prior to Milliman, Ankit worked with Mercer India for more than two years, where he provided benefits consulting support for client based in the United States and Canada. Ankit also interned at Metlife India.

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