Our Company

Ken Mungan, FSA, MAAA

Chicago, IL, US

Tel: +1 312 7260677

E-Mail | Download bio | VCard

Professional Designations

  • Fellow, Society of Actuaries
  • Member, American Academy of Actuaries


  • BS, Mathematics, Massachusetts Institute of Technology

Current Responsibility

Ken is the chairman of Milliman. He joined the firm in 1998 as the founder of Milliman Financial Risk Management practice.

Milliman's financial risk management business is the leading provider of hedging services to the retirement savings industry. Its work helps the clients of life insurance companies, banks, financial advisory platforms and mutual fund firms create strategies for success in retirement. In particular, the Milliman Managed Risk Strategy provides retail investors with institutional quality market risk management for $60 billion in variable annuity, 401(k), and retail mutual funds. In addition, Milliman Financial Risk Management, LLC serves as an investment advisor to provide hedging services on $90 billion of assets on the balance sheets of financial institutions.


Ken has pioneered hedging techniques that are standard practice in the industry today. He and his team have worked with most major life insurers to implement and operate hedging strategies to protect the solvency of these institutions and to stabilize earnings.

As chairman, Ken is working with all of Milliman's professionals to expand the ways that the firm protects the prosperity of its clients and the people they serve. Ken is a frequent speaker at industry events and the author of many professional articles.

  • Work at Milliman

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