Welcome to Milliman Indonesia

We’re driving the future with our analytics and modelling technologies

Economic Scenarios Generation

Milliman Economic Scenario Generator

The Milliman Economic Scenario Generator is a cloud-native economic scenarios generator that provides advanced modelling capabilities for both risk-neutral and real-world applications. The Milliman Economic Scenario Generator delivers secured regulatory compliance as well as production efficiency through its reactive web interface and integration-ready API.

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Financial Modeling Platform with Excel language

Milliman MIND

Milliman Mind is a flexible and easy-to-use web-based platform which automatically converts Excel spreadsheets into more powerful models.

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Goals-based modeling

Goals-based Advice Platform

The Goals-Based Advice Platform uses Milliman’s decades of actuarial expertise modelling risks for global insurance companies and applies it to retail investors.

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Research Report

2024 embedded value results: Asia

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.

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Thought leadership from Milliman offices across Asia

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Insight

Insight from Milliman

Newsletter

Life in Indonesia: February 2026

Net premium edged down in the third quarter 2025 versus 3Q 2024, but net profits increased to IDR 8.29 trillion, up from IDR 4.54 trillion.

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White paper

Indexed product: Product and hedging considerations

With indexed products such as IUL and FIA continuing to gain traction across Asia, insurers face a rapidly evolving set of investment and hedging challenges.

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Newsletter

Life in Indonesia: December 2025

Net premium declined in the second quarter versus 2Q 2024, but profits increased to IDR 7.55 trillion, up from IDR 3.90 trillion.

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Milliman Asia e-alerts

Subscribe to receive the latest research reports, papers and updates on regulations relevant to the region.

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key consultants

Meet some of the key consultants in Indonesia

Farzana Ismail

Principal and Consulting Actuary - MYS

Farzana Ismail heads the Life Insurance and Family Takaful consulting practice in Kuala Lumpur, Malaysia. Farzana has over 20 years of experience in the life insurance and family Takaful industry. She was previously a partner in Actuarial Partners Consulting in Malaysia and a senior consulting actuary in Milliman’s London office.

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Richard Holloway

Managing Director, South East Asia & India Life

Richard is the managing director of Milliman's South East Asia and India life consulting businesses, based in Singapore. Richard is well known across the region, having been working as a consultant in the region since 1995. He joined the firm in 2010.

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Wen Yee Lee

Principal and Consulting Actuary

Wen Yee is a consulting actuary based in Milliman’s Singapore office. She has worked as a consultant in the region since 1998 and joined the firm in 2010.

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Halim Gunawan

Consulting Actuary

Halim is a consulting actuary with the Jakarta, Indonesia, office of Milliman, which was formerly Eldridge Consulting.

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Mark Whatley

Consulting Actuary

Mark Whatley is a principal and consulting actuary in Milliman’s Singapore office. He joined Milliman in 2017 and has been based in Singapore for 19 years. Mark provides independent and objective consulting advice on employee benefits to multinationals, local companies, government-linked organizations, and social security funds. His public sector experience includes projects in Indonesia, Malaysia, Brunei, and Singapore.

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Careers at Milliman

Curiosity. Optimism. Impact.

Your vision can help change the world.

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