Julian Man
FSA
Consulting Actuary
Hong Kong, CN
Julian Man is a 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. He is familiar with markets in Asia, especially in Hong Kong where he has worked in AIA for five years across different functions.
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:
- Leading the project to build a TVOG calculation and methodology for an Asian company
- Leading the HKRBC and ORSA implementation for a large Asian multinational
- Advising on pricing under HKRBC for a large Asian multinational
- Advising on a range of IFRS 17 projects:
- Serving in a secondment role as the actuarial lead responsible for implementing IFRS 17 for a large Asian multinational
- 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 in 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, 6th edition
09 October 2024 - by Clement Bonnet, Julian Man, Alex Bryant, Scott Chow, Pingni Eng, Linda Jin, Sharon Huang, Farzana Ismail, Philip Jackson, Sung Hoon Kim, Wen Yee Lee, Richard Payne, Kyosuke Aiguchi
Our sixth edition of a report on life insurance capital regimes in Asia gives a detailed comparative analysis and discusses the implications of change.
Article
2023 IFRS 17 Disclosure Report: Asia
11 September 2024 - by Clement Bonnet, Julian Man, Linda Jin, Joshua Ho, Chong Wen Ang, Yu Wei Lim
We summarize the key findings from a comparative analysis of the effect of IFRS 17 on some Asian markets.
Article
Hong Kong: Optimisation under Hong Kong Risk-Based Capital and GL34 for par business
01 August 2024 - by Clement Bonnet, Julian Man
The full implementation of the HKRBC framework and GL34 represents a significant milestone for the insurance industry in Hong Kong.
Article
Milliman Fulfillment Ratio Index
09 November 2021 - by Scott Chow, Clement Bonnet, Julian Man, Michael Daly
Understand fulfillment ratios and how the Milliman Fulfillment Ratio Index's reporting in 2020 compares to 2019.
Article
Milliman Fulfillment Ratio Index: Reporting year 2019
01 October 2020 - by Scott Chow, Clement Bonnet, Julian Man, Michael Daly
Calculated annually by Milliman, the Milliman Fulfillment Ratio Index covers Hong Kong insurance companies representing a significant market share as measured by in-force premiums (> 85% in 2019).