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
2024 embedded value results: Asia
25 July 2025 - by Heerak Basu, Clement Bonnet, Shamit Gupta, Richard Holloway, Farzana Ismail, Scott Chow, Chihong An, Wen Yee Lee, Takanori Hoshino, Philip Jackson
Embedded value rose 5% to 20% in several markets in Asia in 2024, while bond yields showed a mixed picture, according to our latest report on the region.
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年エンベデッドバリュー結果：アジア
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
アジアにおける2022年のエンベデッドバリュー（EV）は、債券利回りが上昇したことから運用利回りおよび割引率の前提条件が上昇し、会社により様々な結果となりました。
Article
2022年上半期エンベデッドバリュー結果：アジア
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
アジアで事業を行う保険会社の2022年上半期のEVは、会社により様々な結果となりました。
Article
2021年エンベデッドバリュー結果：アジア
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
ロックダウンの緩和と金利の上昇に伴い、エンベデッドバリューは前年同期比7.6%上昇し、全般的に良好な結果となりました。
Article
2021年上半期エンベデッドバリュー結果：アジア
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
アジアの大半の保険会社は、2021年上半期にエンベデッドバリューを着実に増加させました。
Article
2020年エンベデッドバリュー結果：アジアの新契約はCOVID-19禍で減少
25 August 2021 - by Paul Sinnott, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill
総引受保険料は0.4%減少したものの、エンベデッドバリューは13.2%上昇しました。
Article
2020年中間エンベデッド・バリュー結果：アジア
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
本レポートでは、アジアの保険会社が開示した2020年中間エンベデッド・バリューの結果をまとめます。
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.