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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.

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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

米国VM-22への対応：検討すべき主なポイント

11 July 2025 - by Aatman Dattani, Zi Xiang Low, Yan Fridman, Karthik Yadatore, Zohair Motiwalla
米国VM-22の下で導入される変額以外の年金向け原則主義方式準備金積立（PBR）の法定フレームワークへの対応にあたり、保険会社が検討すべき主なポイントをいくつかご紹介します。
Article

VM-22 readiness: Key areas for consideration

11 July 2025 - by Aatman Dattani, Zi Xiang Low, Yan Fridman, Karthik Yadatore, Zohair Motiwalla
We highlight some key areas for insurers to consider for the upcoming principle-based reserving statutory framework for non-variable annuities under VM-22.
Article

変額年金以外の年金に対するPrinciple Based Reserving（VM-22）に関する最新情報

10 May 2024 - by Yan Fridman, Zi Xiang Low, Zohair Motiwalla, Ricardo Trachtman, Karthik Yadatore
「VM-22」として知られている、NAICが検討中の法定準備金に関する原則主義方式の準備金積立の枠組みの主な要素を見ていきます。
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：生命保険における柔軟なリスク管理

28 March 2024 - by Rahul Mohan, Patrick OuYang, Jordan Rosenfeld, Andrew Steenman, Karthik Yadatore
フレキシブルかつカスタマイズ可能な、管理された変額ユニバーサル・ライフ商品は、より大きなキャッシュバリューの積立てと死亡保障を契約者に提供します。
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

指数連動型定額年金および複数年保証年金の解約失効率実績調査

29 February 2024 - by Yan Fridman, Ben Johnson, Ricardo Trachtman, Nathan Wilbanks, Karthik Yadatore
ミリマンは、指数連動型定額年金（Fixed Indexed Annuity、FIA）および複数年保証年金（Multi-Year Guaranteed Annuity、MYGA）の引受会社13社を対象に、現在の付与利率と、市場想定利率または競合他社の付与利率との違いによる基本の解約失効率の動的調整について、複数の側面から調査を実施しました。
Article

登録指数連動型年金の上限設定手法

31 January 2023 - by Fiona Ng, Jordan Rosenfeld, Ricardo Trachtman, Karthik Yadatore
RILA上限設定の手法のスイッチングを可能にしている場合に対し、上限設定手法を長年固定している保険会社の長期的影響について調査します。
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.