Article
10 February 2026 - by Fiona Ng, James Stoltzfus, Michael Graney, Ashlyn Phipps, Wisdom Aselisewine, Ashleigh Sandrock
Since 2020, rising inflation and increasing Treasury rates—now at their highest levels since before the 2008 recession—have prompted insurers to adjust their asset allocations, taking advantage of improved yields from safer private and fixed-income asset classes.
Article
10 December 2025 - by Mike Bergerson, Robert Eaton, Nicole Gaspar, Jordan Olds, Joe Neary, Juliet Spector, Jeff Anderson, Anders Hendrickson, Joe Long, Annie Gunnlaugsson, Fiona Ng, Lucy Ouyang, James Stoltzfus
In this issue, we highlight key initiatives, research, and upcoming studies from Milliman’s LTC consultants, including enhancements to our LARA platform, the impact of post-pandemic experience on LTC insurance, and the next iteration of our Milliman Long-Term Care Guidelines (Guidelines).
Article
19 December 2024 - by Fiona Ng, James Stoltzfus, Susan Tan, Michael Graney, Wisdom Aselisewine, Ashleigh Sandrock
U.S. life insurers continue to search for yield, according to our latest review of asset allocation and investment strategies.
Article
21 November 2024 - by Fiona Ng, Lucy Ouyang, Ashleigh Sandrock, Jundie Wei
We explore the evolving investment strategies of U.S. life insurers, focusing on private credit and structured assets, as well as recent regulatory developments and proposals.
Article
07 November 2023 - by Jessica Crowson, Lotte van Delft, Kevin Manning, Christiaan Mulder, Fiona Ng, Dilesh Patel, Jake Pringle, Stuart Silverman, Lin Sun
In a bustling pension risk transfer market worldwide, all stakeholders should be aware of the current environment for insurers.
Article
23 June 2023 - by Fiona Ng, Tanner McKerlie, Roberta Harris, Ashleigh Sandrock, Lin Sun
We discuss the record volume in 2022 of pension risk transfer pricing, which was due to a higher funded status for most DB plans and more competitive pricing by insurers.
Article
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.
Article
16 February 2022 - by Hervé Andrès, Alexandre Boumezoued, Grzegorz Darkiewicz, Rikiya Ino, Daren Lockwood, Fiona Ng, Russell Ward
Challenges for companies in the alternative asset space include building an internal model and accounting for regulatory treatment for capital set aside.
Article
18 November 2021 - by Ram Kelkar, Fiona Ng, Michelle Shen, James Stoltzfus
On average, we expect the C-1 amounts to increase in the range of 5% to 20%.
Article
29 December 2020 - by Michael Graney, Fiona Ng, Ashleigh Sandrock, James Stoltzfus, Susan Tan
With earnings under pressure, the search for investment yields continues to be a big challenge faced by U.S. life insurers, and it will continue to be one of the most important focuses in the years to come.