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Rikiya Ino, FIAJ, CMA

Principal and Managing Director, FRM Insurance Services
Tokyo, JP

Tel: +81 3 52117031

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Professional Designations

  • Fellow, Institute of Actuaries of Japan
  • Chartered Member, Securities Analysts Association of Japan


  • MS, Mathematics, Graduate School of Tohoku University
  • BS, Mathematics, Tohoku University

Current Responsibility

Rikiya Ino joined Milliman’s Tokyo office in February 2001. He is responsible for providing financial risk management services, including pricing, hedging, and reinsurance of variable annuity minimum guarantee. He also supports many insurance companies in annuity product development and embedded value reporting.


Ino’s actuarial experience over the past several years includes M&A, EEV/MCEV, demutualization, as well as development of actuarial projection systems, a valuation system for variable annuity minimum guarantee, and an economic scenario generator.

He has supported almost all major variable annuity writers in Japan, as well as several insurance companies in Korea and Taiwan, in product development, risk management, and financial reporting.

Prior to joining Milliman, Ino spent sixteen years with Meiji Life Insurance where he gained a wide range of experience in actuarial, investment, international, and corporate planning departments.

He has been a member of several committees at the Institute of Actuaries of Japan, including the International Relation Committee and the Textbook Committee.

  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman