Skip to main content
Karthik Yadatore headshot

Karthik Yadatore

ASA, FSA, MAAA
Principal & Consulting Actuary
Seattle, WA, US

Karthik Yadatore is a principal and consulting actuary in Milliman’s Seattle office. He joined the firm in 2010.

Download bioDownload

Experience

Karthik has expertise in areas of financial reporting, product pricing, mergers and acquisitions, and expert witness testimony for annuities and life insurance products. He has managed and contributed to several large modeling projects and is proficient in MG-ALFA.

Karthik has published several research papers and articles, presented at Society of Actuaries meetings and other actuarial forums, and he is a member of the American Academy of Actuaries' Annuity Reserve Working Group.

Prior to Milliman, Karthik worked at ING in its Retail Life and Retail Annuity business divisions.

Publications

Read their latest work

Article

Current state of principle-based reserving for non-variable annuities (VM-22)

10 May 2024 - by Yan Fridman, Zi Xiang Low, Zohair Motiwalla, Ricardo Trachtman, Karthik Yadatore
We look at the key elements of a principle-based-reserving framework for statutory reserving, known as “VM-22” and under review by NAIC.
Article

Managed Variable Universal Life: Flexible risk management in life insurance

28 March 2024 - by Rahul Mohan, Patrick OuYang, Jordan Rosenfeld, Andrew Steenman, Karthik Yadatore
Managed variable universal life products, both flexible and customizable, offer enhanced cash value accumulation and death benefit protection for policyholders.
Article

Milliman Fixed Indexed Annuity and Multi-Year Guaranteed Annuity lapse experience study

29 February 2024 - by Yan Fridman, Ben Johnson, Ricardo Trachtman, Nathan Wilbanks, Karthik Yadatore
We conducted a survey of 13 Fixed Indexed Annuity (FIA) and Multi-Year Guaranteed Annuity (MYGA) writers on several aspects of dynamic adjustments to base lapse rates due to differences between their current and perceived market or competitor crediting rates.
Article

Registered index-linked annuity cap-setting methodologies

31 January 2023 - by Fiona Ng, Jordan Rosenfeld, Ricardo Trachtman, Karthik Yadatore
We examine the long-term impacts of carriers holding the cap-setting methods fixed over time, versus switching between RILA cap-setting methods.
Article

Capital redundancy in indexed annuities

29 August 2022 - by Yan Fridman, Karthik Yadatore
Insurers may wish to seek permission from regulators to use methods that would reduce excess capital for FIAs.
Article

Indexed annuities: U.S. statutory accounting

15 July 2022 - by Yan Fridman, Karthik Yadatore
While VM-22 may alleviate certain causes of a surplus volatility, companies with significant indexed annuity exposure should review their financial projections.
Article

Principle-based reserving impact on fixed indexed annuity pricing

14 October 2020 - by Aatman Dattani, Zi Xiang Low, Zohair Motiwalla, Katherine Wang, Karthik Yadatore
This report analyzes, understands, and discusses the impact of the upcoming Principle-Based Reserving on non-variable deferred annuities.
Article

Registered Indexed Universal Life

13 July 2020 - by Karthik Yadatore, Abby Camp
Registered Indexed Universal Life could be attractive to consumers seeking cash accumulation universal life and Indexed Universal Life products and who have a greater risk appetite and longer investment horizon.
Article

Fixed indexed annuities with Market Risk Benefits

28 January 2020 - by Grace Chang, Li Feng, Bill Matczak, Karthik Yadatore
This paper focuses on the cash flow modeling aspects of Market Risk Benefits on fixed indexed annuities contracts, especially the methodology for projecting indexed account growth.
Article

U.S. GAAP targeted improvements for long-duration insurance contracts: Update II

26 December 2017 - by William Hines, Karthik Yadatore
This paper summarizes the Financial Accounting Standards Board’s original proposal regarding changes to the accounting for long-duration insurance contracts and outlines the key changes made during the re-deliberations.