
Hanbo Zhang
FSA, MAAA
Principal & Consulting Actuary
Chicago, IL, US
Hanbo Zhang is a consulting actuary with the Chicago office of Milliman. He joined the firm in 2018.
Experience
Hanbo specializes in merger and acquisitions on life and annuity block. His work experience includes experience studies, financial reporting, actuarial transformation, cash flow testing and actuarial appraisals and due diligence.
In the past few years, Hanbo has done substantial work on PBR reporting, hedging, financial planning, and merger and acquisitions on variable annuities with guaranteed benefits. Hanbo is an expert user of MG-ALFA®.
Before joining Milliman, Hanbo worked for Transamerica and Ernst & Young.
Professional Designations
- Fellow, Society of Actuaries
- Member, American Academy of Actuaries
Education
- BS, Finance and Actuarial Science, University of Wisconsin Madison
Publications
Read their latest work
Article
Understanding and modeling interest rate sensitivity on fixed index annuity
20 December 2025 - by Gordon Klein, Ricardo Trachtman, Hanbo Zhang
To model the interest rate impact on FIA products, insurers need to balance industry intelligence with the uniqueness of their own block.
Article
指数連動型定額年金における金利感応度を理解しモデリング
20 December 2025 - by Gordon Klein, Ricardo Trachtman, Hanbo Zhang
FIA商品に対する金利の影響をモデル化するには、保険会社は業界の知見と自社の契約群の独自性とのバランスを取る必要があります。
Article
不確実性の時代の生命保険リスク、資本、資産負債管理:リスクのモデルとモニタリング、そして経営への影響
05 July 2024 - by Tony Dardis, Matthew Ford, Andrew Kirk, Bryan Liu, Hanbo Zhang
不確実な世界経済において、資本のモデルとモニタリングは健全に機能しており、ALMモデルと流動性モデルのパフォーマンスは、より幅広い結果を示しています。
Article
Life insurance risk, capital, and asset-liability management in the age of uncertainty
05 July 2024 - by Tony Dardis, Matthew Ford, Andrew Kirk, Bryan Liu, Hanbo Zhang
In an uncertain global economy, capital models and monitoring have recently held up well, with a wider range of performance for ALM and liquidity models.
Article
Life insurance risk, capital, and asset-liability management in the age of uncertainty
16 November 2023 - by Tony Dardis, Matthew Ford, Andrew Kirk, Bryan Liu, Hanbo Zhang
In a rapidly changing world, how have life insurers recalibrated their capital management, asset-liability management, and risk-management practices?
Article
不確実な時代における生命保険のリスク、資本、資産負債管理
16 November 2023 - by Tony Dardis, Matthew Ford, Andrew Kirk, Bryan Liu, Hanbo Zhang
急速に変化する世界で、生命保険会社は資本管理、資産・負債管理、リスク管理の実務をどのように再較正してきたのでしょうか?