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Philip is a consultant in Miliman’s 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 the Milliman Asia IFRS 17 working group, primarily for with-profits products and the VFA approach.
Philip’s experience in Asia has covered the entire insurance value chain. Originally with a consumer focus, he worked in both retail product design and later as head of group products for Birla Sun Life Insurance (India). Now at Milliman, Philip works extensively with shareholders in the area of mergers and acquisitions.
Whilst consulting in the UK and now in Asia, Philip has worked in reserving, actuarial modelling, peer review and financial reporting. Headline projects have included:
Philip has been a speaker at a number of forums and conferences, across a wide range of topics, including enterprise risk management, product strategy, actuarial modelling and insurance sector investment. He also takes an active role in research, working on studies of the modelling challenges posed by IFRS 4 Phase II, economic scenario generators, participating (or ‘with-profits’) business in Asia, and Indian regulatory developments.
Prior to Milliman, Philip worked in the products team of Birla Sun Life Insurance (India). On the retail side, he specialised in participating product design and the management of the with-profits fund. Later, he took over as head of group products and pricing. He was responsible for both savings and protection schemes, including the ongoing pricing and risk management of the business.Before moving to India, Philip was based in London with the Towers Watson (now Willis Towers Watson) risk consulting practice. He worked on a number of embedded value and statutory valuation reporting projects, including MCEV, Solvency II, US GAAP and UK GAAP.