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

2023 embedded value results: Asia

Insurers in Asia reported a general increase in embedded value and value of new business, reflecting the rebound of many economies.

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Thought leadership from Milliman offices across Asia

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Insight

Insight from Milliman

Asia e-alert

Life in Indonesia: March 2025

This edition of Milliman’s Indonesia Life Insurance Newsletter covers market performance for the third quarter of 2024 and industry developments for the fourth quarter.

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Asia e-alert

Hong Kong: Illustration rate cap for participating products

In early 2025, the Hong Kong Insurance Authority (HKIA) introduced a new regulatory requirement regarding benefit illustrations for par products.

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Asia e-alert

Malaysia: Interim measures on medical and health insurance and Takaful (MHIT) products

We discuss medical inflation in Malaysia, the interim measures introduced by BNM, and implications to Malaysian insurance companies and Takaful operators.

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Milliman Asia e-alerts

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

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 15 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

Equity Principal

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 is a consulting actuary in Milliman's Singapore office. He joined Milliman in 2017. Mark provides independent and objective consulting advice on employee benefits to multinationals, local companies and government-linked organisations.

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