Novian Junus

FSA, MAAA

Principal & Consulting Actuary

Seattle, WA, US

Novian Junus is a principal in the Milliman Life Insurance Consulting Practice. Novian currently focuses on advising clients, conducting business development, and managing the practice with three other partners. He joined the firm in April 2000.

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Experience

Novian has more than 30 years of experience in the insurance industry in the U.S. and globally. He has held senior management positions as chief actuary and chief product actuary at ReliaStar’s annuity division and led product development for the retail annuity division of Providian’s accumulation and investment group.

As a consultant, he has served as the interim chief actuary for three of his large U.S. clients, using his expertise in managing complex organizations and businesses. Novian has also served as an appointed actuary for clients in the U.S. and Bermuda.

In Bermuda, Novian was the Approved Actuary for Sony Aegon Re (SA Re) from 2009 through 2020, dating from the company’s inception to its dissolution by the sale of the joint venture to Sony.

Novian actively assists insurance companies in managing complex business and product issues, such as variable annuities with guarantees, universal life insurance with and without secondary guarantees, and retirement and income annuities.

Novian has consulted globally and has experience managing businesses under various accounting and regulatory regimes, including Solvency II, SST, US GAAP, IFRS, Bermuda EBS, and U.S. Statutory.

He has consulted with clients on risk mitigation and return optimization strategies, on in-force books of variable annuities with guarantees, and universal life with and without secondary guarantees.

Novian’s extensive global experience in product design, pricing, financial analysis, reporting, and risk management serves him well as he advises clients on various aspects of business management.

Professional Designations

Fellow, Society of Actuaries
Member, American Academy of Actuaries

Education

BA, Actuarial Science, University of Iowa

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Publications

Read their latest work

Article

Practical considerations in variable annuity pricing

28 February 2011 - by Novian Junus, David Wang

An analysis of the four main elements of the variable annuity pricing process.

Article

変額年金のプライシングにおける実務的側面の検討（英語版のみ）

28 February 2011 - by Novian Junus, David Wang

変額年金は1952年の登場以降、生存給付金保証や最低死亡給付金保証に加えて、税の繰延効果があることから、その販売額は伸びてきました。

Article

アクチュアリアル・ガイドラインによる変額年金の商品設計とリスク管理への示唆（英語版のみ）

30 September 2010 - by Novian Junus, Zohair Motiwalla

2009年12月のアクチュアリアル・ガイドラインAG 43導入以来、保険会社は何回かの財務報告を行ってきました。

Article

Implications of Actuarial Guideline 43 for variable annuity product design and risk management

30 September 2010 - by Novian Junus, Zohair Motiwalla

Milliman survey of reporting under the new AG 43 requirement shows a wide range of implementation practices.

Article

A discussion of Actuarial Guideline 43 for variable annuities

01 April 2009 - by Novian Junus, Zohair Motiwalla

This paper summarizes the provisions of AG 43 compared to C-3 Phase II and discusses implications for future product designs.

Novian Junus

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Experience

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Read their latest work

Practical considerations in variable annuity pricing

変額年金のプライシングにおける実務的側面の検討（英語版のみ）

アクチュアリアル・ガイドラインによる変額年金の商品設計とリスク管理への示唆（英語版のみ）

Implications of Actuarial Guideline 43 for variable annuity product design and risk management

A discussion of Actuarial Guideline 43 for variable annuities

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Novian Junus

Experience

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