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Naohiro Sasada - Senior Consultant FIAJ, CMAProfessional designations Fellow, Institute of Actuaries of Japan Chartered Member, Security Analysts Association of Japan Current responsibility Since joining Milliman's Tokyo office in October 2001, Naohiro Sasada has been responsible for providing appraisal value calculations, embedded value development, US GAAP analysis, AC calculation for demutualization, and product development.Experience Before joining Milliman, Sasada worked for Dai-ichi Mutual Life Insurance Company for more than 13 years. He spent 11 years in the actuarial department, specializing in experience statistics, studies on claim probabilities, projected cash flows, valuation, and cash flow tests.He was also a member of Mortality Study PT at the Life Insurance Association, Education Committee and Foreign Literature Research Group of the Institute of Actuaries of Japan. He studied ALM and investment theories with investment advisors and insurance companies and in the US.Education BA, Mathematics, Osaka University | 