
Julian Man
FSA
Principal & Consulting Actuary
Hong Kong, CN
Julian Man is a principal and consulting actuary in Milliman’s Life Insurance Consulting Practice in Hong Kong with expertise in M&A, product pricing, IFRS 17 methodology, and HKRBC implementation.
Experience
Julian's responsibilities have included:
- Advising on regional companies for potential M&A buy/sell side, which includes model review and strategic analysis
- Conducting various EV reviews (including Prophet liability model reviews) for regional companies focusing on Greater China and South East Asian countries
- Advising on Par product development for Hong Kong companies
- Advising on ALS and bonus mechanisms for different companies across South East Asia
- Advising on a range of HKRBC projects, which includes: leading a project to build a TVOG calculation and methodology for an Asian company; leading the HKRBC and ORSA implementation for a large Asian multinational; and advising on pricing under HKRBC for a large Asian multinational
- Advising on a range of IFRS 17 projects, which includes: serving in a secondment role as the actuarial lead responsible for implementing IFRS 17 for a large Asian multinational; and serving in a secondment role to perform financial impact analyses and develop product strategies under IFRS 17 for a large Asian multinational
- Analysing the impact of different ALM strategies under IFRS 17 for a large company
- Analysing the impact of IFRS 17 on product strategy and development for a large multinational
- Presenting at SOA seminars and ASHK on modelling topics about IFRS 17
- Participating in a Milliman internal IFRS 17 focus group
Prior to joining Milliman, Julian had worked across reporting and pricing for AIA Hong Kong, including:
- Performing regular VONB and EV reporting
- Reviewing Prophet liability models and performing model enhancements for various business needs
- Supporting Par fund segregation projects on asset share calculation, Prophet modelling, and impact analysis
- Participating in the product pricing cycle for Par products, one of which was the best selling product for the company
Professional Designations
- Fellow of the Society of Actuaries
- Fellow of Actuarial Society of Hong Kong
Education
- First Class Honor, Bachelor of Science in Actuarial Science from the University of Hong Kong
Publications
Read their latest work
Article
Life insurance capital regimes in Asia, 7th edition
01 October 2025 - by Clement Bonnet, Julian Man, Alex Bryant, Sherry Du, Pingni Eng, Linda Jin, Sharon Huang, Farzana Ismail, Philip Jackson, Sung Hoon Kim, Wen Yee Lee, Erica Chan, Kyosuke Aiguchi
We examine and summarize the complex and varied capital regulations for life insurance companies for 15 markets in Asia.
Article
2024 IFRS 17 disclosure report: Asia
17 September 2025 - by Julian Man, Chong Wen Ang, Clement Bonnet, Yu Wei Lim, Linda Jin, Valensis Justiani, Joshua Ho, Yao Hui Tan
IFRS 17 in Asia: We examined disclosures from year-end 2024 from select global and domestic insurance companies with substantial operations in the region.
Article
香港:有配当商品の報酬体系
28 August 2025 - by George Leung, Julian Man, Clement Bonnet, Anson Leung
香港保険業監管局(Hong Kong Insurance Authority)による仲介者報酬の支払いに関する新たな規制の枠組みの影響について確認します。
Article
Hong Kong: Remuneration structure for participating products
28 August 2025 - by George Leung, Julian Man, Clement Bonnet, Anson Leung
We review the implications of the Hong Kong Insurance Authority's new regulatory framework for spreading intermediary remuneration.
Article
Product pricing in transition across Asia
27 June 2025 - by Julian Man, Wen Yee Lee
As the insurance industry in Asia undergoes a significant transformation under IFRS 17 and RBC frameworks, carriers need to reconsider pricing models.
Article
アジア全域で移行期にある商品プライシング
27 June 2025 - by Julian Man, Wen Yee Lee
アジアの保険業界が、IFRS第17号およびRBCフレームワークの下で大きな変革を遂げる中、保険会社はプライシングモデルを再検討する必要があります。
Article
The Milliman Fulfillment Ratio Index
11 April 2025 - by Julian Man, Lammy Tsang, Clement Bonnet, Valensis Justiani, George Leung
In anticipation of a regulatory change in Hong Kong, we present an updated Milliman Fulfillment Ratio Index and analyze its historical changes.
Article
(香港)ミリマン充足率指数:2023年度
11 April 2025 - by Julian Man, Lammy Tsang, Clement Bonnet, Valensis Justiani, George Leung
香港での規制変更を見据え、ミリマン充足率指数のアップデートを行い、その過去の変化について分析します。
Article
Hong Kong: Illustration rate cap for participating products
14 March 2025 - by Julian Man, Alex Bryant, Clement Bonnet, George Leung, Lammy Tsang
In our latest Asia e-Alert for Hong Kong, we explore the potential implications of a new regulatory requirement regarding benefit illustrations for par products.
Article
香港:有配当商品の例示用配当率の上限
14 March 2025 - by Julian Man, Alex Bryant, Clement Bonnet, George Leung, Lammy Tsang
本稿では、香港の有配当商品の利益の例示に関する新たな規制要件による潜在的影響について確認します。