Milliman: Mixed outlook for participating business across Asia

SINGAPORE, June 13, 2017 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the findings of a study analysing and comparing participating (par) business across seven Asian insurance markets notably Singapore, India, Malaysia, Hong Kong, mainland China, Indonesia and Sri Lanka. The report collates in-depth information not otherwise available and provides insight from survey results about par business in Asia.

"Par products have been a core insurance offering for many decades in many markets across Asia Pacific and in Singapore, Hong Kong and India they remain a cornerstone of the industry," said Richard Holloway, managing director for Milliman's South East Asia and India life consulting practice. "However, increased regulatory scrutiny of par business in countries such as Malaysia and the onset of risk based capital solvency regimes in most markets may lead to a gradual decline in the popularity of such products. This report unlocks key considerations for companies offering par products across the region, highlighting differences in performance, investment approach, and governance of par across the seven markets."

The "Milliman Participating Business in Asia" report includes:

• A regional view of common themes and differences between the seven selected markets
• Detailed country commentary on par business performance, regulatory environments and key challenges
• Results of our survey providing qualitative insights into par business in these countries
• Analysis of the governance frameworks in place and roles of policyholder advocates

To download a complimentary copy of our report go here or contact:

• Richard Holloway in Singapore at +65 6327 2301, Richard.Holloway@milliman.com
• Philip Jackson in India at +91 22 6784 8413 Philip.Jackson@milliman.com

About participating insurance products
A participating product is an insurance plan where the policyholder receives bonuses or dividends, usually on an annual basis and at the end of term, determined by the insurer based on a share of the profits from that product and/or a group of similar products.

About Milliman
Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe.  For further information, visit milliman.com