Chihong An
ASA
Principal and Managing Director
Seoul, KR
Chi-Hong joined the Chicago office of Milliman in July 2000 as part of the firm’s expansion plan of its Asian operations. He moved to Korea in April 2002 to lead the practice of Milliman Korea.
Experience
Chi-Hong has extensive experience in the financial projections of life insurance companies, such as dynamic solvency testing analyses, profitability studies, asset-liability management, strategic capital management, and embedded value projections. His product development experience includes index-linked universal life (VUL/UL) and several versions of private label products.
His experience in Korea includes:
- mergers and acquisitions assignments for life companies
- mergers and acquisitions assignments for non-life companies
- product development projects
- assistance to major banks for bancassurance strategies
- assistance for alternative distribution channel strategies
- a major industry study for insurance industry “best practice”
- MG-ALFA® installation projects
Professional Designations
- Associate, Society of Actuaries
Education
- MS, Mathematics, University of Waterloo
- BA, Business Administration, Yonsei University
Publications
Read their latest work
Article
Asset and liability management survey 2025: Asia
08 December 2025 - by Julian Man, Clement Bonnet, Alex Bryant, Takanori Hoshino, Hiroki Koizumi, Chihong An, Sung Hoon Kim, Linda Jin, Jaden Chiu, Michelle Lai, Lucy Ouyang, Florin Ginghina
Insurers in Asia are taking a more proactive approach to ALM, according to our 2025 survey of companies in the region.
Article
資産・負債管理に関する調査: 2025年アジア
08 December 2025 - by Julian Man, Clement Bonnet, Alex Bryant, Takanori Hoshino, Hiroki Koizumi, Chihong An, Sung Hoon Kim, Linda Jin, Jaden Chiu, Michelle Lai, Lucy Ouyang, Florin Ginghina
ミリマンが2025年にアジアの保険会社を対象に調査した結果から、同地域の保険会社は、一層積極的にALM（資産・負債管理）を実施していることが明らかとなりました。
Article
2024 embedded value results: Asia
25 July 2025 - by Heerak Basu, Clement Bonnet, Shamit Gupta, Richard Holloway, Farzana Ismail, Scott Chow, Chihong An, Wen Yee Lee, Takanori Hoshino, Philip Jackson
Embedded value rose 5% to 20% in several markets in Asia in 2024, while bond yields showed a mixed picture, according to our latest report on the region.
Article
アジアにおけるエンベディッドバリュー結果：2024年
25 July 2025 - by Heerak Basu, Clement Bonnet, Shamit Gupta, Richard Holloway, Farzana Ismail, Scott Chow, Chihong An, Wen Yee Lee, Takanori Hoshino, Philip Jackson
ミリマンの最新の報告によると、2024年のエンベディッドバリュー（EV）は複数の市場で5％から20％上昇した一方で、債券利回りにはばらつきが見られました。
Article
2023 embedded value results: Asia
19 July 2024 - by Heerak Basu, Clement Bonnet, Shamit Gupta, Richard Holloway, Farzana Ismail, Scott Chow, Chihong An, Wen Yee Lee, Stephen H. Conwill, Philip Jackson
Insurers in Asia reported a general increase in embedded value and value of new business, reflecting the rebound of many economies.
Article
2023年エンベデッドバリュー結果：アジア
19 July 2024 - by Heerak Basu, Clement Bonnet, Shamit Gupta, Richard Holloway, Farzana Ismail, Scott Chow, Chihong An, Wen Yee Lee, Stephen H. Conwill, Philip Jackson
アジアの保険会社は、多くの国や地域の経済状況の改善を反映し、エンベデッドバリュー、新契約価値ともに全般的に上昇しました。
Article
2022年エンベデッドバリュー結果：アジア
23 August 2023 - by Heerak Basu, Clement Bonnet, Shamit Gupta, Richard Holloway, Farzana Ismail, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill, Philip Jackson
アジアにおける2022年のエンベデッドバリュー（EV）は、債券利回りが上昇したことから運用利回りおよび割引率の前提条件が上昇し、会社により様々な結果となりました。
Article
2022 embedded value results: Asia
23 August 2023 - by Heerak Basu, Clement Bonnet, Shamit Gupta, Richard Holloway, Farzana Ismail, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill, Philip Jackson
Insurers reported mixed embedded value (EV) results across Asia in 2022, increasing their investment return and discount rate assumptions, given higher bond yields.
Article
2022年上半期エンベデッドバリュー結果：アジア
11 January 2023 - by Heerak Basu, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill, Philip Jackson, Clement Bonnet, Shamit Gupta
アジアで事業を行う保険会社の2022年上半期のEVは、会社により様々な結果となりました。
Article
2022 mid-year embedded value results: Asia
11 January 2023 - by Heerak Basu, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill, Philip Jackson, Clement Bonnet, Shamit Gupta
Insurance companies operating in Asia had mixed EV results in the first half of 2022.