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
「Milliman 研究報告 – 2023年隱含價值彙整：亞洲」
16 October 2024 - by Heerak Basu, Clement Bonnet, Shamit Gupta, Richard Holloway, Farzana Ismail, Scott Chow, Chihong An, Wen Yee Lee, Stephen H. Conwill, Philip Jackson, Alvin Yeh
本報告檢視了於亞洲各國營運的跨國企業和本地壽險公司在2023年發布的隱含價值（EV）結果。
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
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 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.
Article
2021 embedded value results: Asia
09 September 2022 - by Paul Sinnott, Heerak Basu, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill, Shamit Gupta
Largely positive results as lockdowns ease and interest rates rise, with EV growing by 7.6% year over year.
Article
2021 mid-year embedded value results: Asia
06 January 2022 - by Paul Sinnott, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill, Philip Jackson, Heerak Basu, Shamit Gupta
Most insurers in Asia have experienced steady growth in embedded value in the first half 2021.
Article
2020 embedded value results: Asia - Declining new business sales amidst COVID-19
25 August 2021 - by Paul Sinnott, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill
While gross written premium fell by 0.4%, embedded value grew by 13.2%.
Article
2020 mid-year embedded value results: Asia
19 January 2021 - by Paul Sinnott, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill, Sanket Kawatkar, Shamit Gupta
This report provides a summary of the mid-year 2020 embedded value results disclosed by Asian insurers.
Article
2019 embedded value results: Asia
25 August 2020 - by Paul Sinnott, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill
This report compares and contrasts the various different approaches taken to embedded value reporting across Asian markets and insurers.
Article
2019 Mid-Year Embedded Value Results: Asia
20 December 2019 - by Paul Sinnott, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill, Sanket Kawatkar, Shamit Gupta
This report provides a summary of the mid-year 2019 embedded value results disclosed by Asian insurers.