Publications
Read their latest work
Article
Milliman Hedge Cost Index May 2025
03 June 2025 - by Daren Lockwood, Ken Qian
Milliman reports 10 basis points decrease in Hedge Cost Index for VA and 12 basis points decrease in RILA guarantees in May.
Article
IFRS 17 hedging: A case study on an Italian segregated fund
03 June 2025 - by Aldo Balestreri, Grzegorz Darkiewicz, Matteo Fruzzetti, Ken Qian
As many life insurance companies are struggling with volatility due to IFRS 17, we show how to mitigate the problem for products under the variable fee approach.
Article
Milliman Hedge Cost Index April 2025
13 May 2025 - by Daren Lockwood, Ken Qian
Milliman reports 2 basis points increase in Hedge Cost Index for VA and 6 basis points increase in RILA guarantees in April.
Article
Backtesting of dynamic hedging of Registered Indexed-Linked Annuity (RILA)
04 December 2024 - by Hervé Andrès, Alexandre Boumezoued, Ken Qian, Katherine Wang
We show how dynamic hedging of registered indexed-linked annuities can often reasonably predict resulting profit or loss.
Article
MIMSA III 2020: Study of mortality and lapse rates in level term life insurance
29 April 2020 - by Ken Qian, Ben Johnson, Jenny Jin
This report discusses findings from Milliman’s research on predicting lapse and mortality rates for 10-year and 15-year premium term insurance products from the Milliman Industry Study and Analysis data set.