21 December 2015
Actuarial Post names Milliman’s MG-ALFA best 2015 actuarial software
Seattle—Milliman, a premier global consulting and actuarial firm, today announced that its MG-ALFA® software, a financial modeling and actuarial projection system for insurance companies used for product development and pricing, financial management, risk management analysis, and regulatory compliance, won best actuarial software for 2015 as determined by Actuarial Post. Actuarial Post is a British publication providing news and analysis for the actuarial marketplace.
09 September 2015
Milliman analyses embedded value reporting in the European and Asian insurance markets
London—Milliman, Inc., a premier global consulting and actuarial firm, today announced the availability of two new reports detailing embedded value (EV) results for 32 major insurance companies in Europe and 34 major insurance companies operating in Asia. The reports examine trends among companies reporting EVs as of year-end 2014.
17 February 2015
Kenneth P. Mungan elected as Milliman’s Chairman of the Board
Seattle—Milliman, one of the premier global consulting and actuarial firms, today announced the election of Kenneth P. Mungan as Chairman of the Board. Milliman’s board of directors made the announcement, acting to confirm the results of a vote by the privately held firm’s principals.
03 November 2014
Royal London selects Milliman for actuarial systems transformation
Seattle—Milliman, Inc. today announced that the firm has been selected by Royal London, a UK-based mutual insurance company, to lead a transformation of the insurer’s actuarial systems and processes.
24 October 2014
Milliman releases Arius 2.4, a complete solution for analyzing unpaid claims liabilities for P&C insurance
Seattle—As previewed at last month’s Casualty Loss Reserve Seminar in San Diego, Milliman, Inc., a premier global consulting and actuarial firm, announced today that it has released version 2.4 of Arius, its state-of-the-art loss reserving system for property & casualty insurers. This latest release offers significant enhancements in the areas of advanced reporting and sophisticated analysis.
30 September 2014
Milliman opens South Africa office
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced the opening of an office in Cape Town, South Africa. The office will be led by industry veteran David Kirk and will serve Sub-Saharan Africa. The Cape Town location is a reflection of the sophistication and scale of the South African financial services sector and its role in leading financial services development on the African continent.
16 July 2014
Milliman Releases Annual Embedded Value Study
London—Milliman, Inc., a premier global consulting and actuarial firm, today announced the availability of a new report detailing embedded value results for 32 major insurance companies in Europe.
11 November 2013
Milliman announces European expansion in the Nordics
Seattle—Milliman is pleased to announce the first step in its expansion into the Nordic markets with the opening of an office in Stockholm. Steve Hardwick, Marcus Karlsson and Fredrik Ehn have joined Milliman bringing with them substantial local and international experience in the management of life insurance business and long-term liabilities.
07 October 2013
Milliman Releases Study: “Dynamic Policyholder Behaviour and Management Actions Survey”
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced a new report summarizing the results of a recent survey of current practice in the modeling of dynamic policyholder behaviour (DPB) and management actions (MA) for life insurance business. Survey participants included major insurance companies across Europe, the US, and Japan.
09 September 2013
Milliman launches Solvency II Readiness Assessment Tool
Dublin—Milliman, a leading global consulting and actuarial firm, today
announced the release of the Milliman Solvency II Readiness Assessment Tool that enables
companies to assess the status of their Solvency II project across key areas.
02 July 2013
Milliman Releases Major Study: “2012 Embedded Value Results – Generating Value”
London—Milliman, Inc., a premier global consulting and actuarial firm, today announced the availability of a new report detailing Embedded Value results for 29 major insurance companies in Europe.
02 April 2013
Milliman expands presence in Ireland
Seattle—Milliman, a leading global consulting and actuarial firm, today announced the hiring of a senior insurance consultant, Ger Bradley, to lead the expansion of the firm’s non-life consulting activity in Ireland. Mr. Bradley will serve the needs of the non-life insurance sector based in Ireland from Milliman’s Dublin office.
01 April 2013
Milliman releases MG-ALFA® Version 9.0
Seattle—Milliman, Inc., the international firm of consultants and actuaries, today announced the release of Version 9.0 of the MG-ALFA system. This release provides full support for the requirements of VM-20, which is becoming a critical issue for insurers as the regulation moves closer to adoption. This release includes support for all three components of the VM-20 reserve calculation, including the Net Premium Reserve, the Deterministic Reserve, and the Stochastic Reserve. MG-ALFA supports the valuation reserve calculations as well as projected reserves using consistent calculation logic. This consistency enables client companies to confidently project and assess the effects of the new reserve calculations over time, while also meeting the reserve reporting requirements.
12 June 2012
Milliman launches MG-ALFA® in the cloud
Seattle—Milliman, Inc., the international firm of consultants and actuaries, today announced that MG-ALFA is capable of utilizing Windows Azure for on-demand processing. This represents a major step forward and a valuable feature as insurers look to expand computing capacity while controlling costs.
12 July 2011
Milliman recognized as 2011 Microsoft technical and high-performance computing partner of the year
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, has been named recipient of the 2011 Microsoft Technical and High Performance Computing Innovation Partner of the Year Award. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions using Milliman's MG-ALFA® actuarial projection system and the Microsoft platform.
02 September 2010
U.K.-based Phoenix Group selects Milliman for Actuarial Systems Transformation project
Seattle—Milliman, Inc. today announced that U.K.-based Phoenix Group has selected the company as provider for its Actuarial Systems Transformation project. "Having acquired many companies with a variety of actuarial projection systems and models, we sought a provider who can work closely with us to simplify, rationalize, and streamline our processes," said Andy Moss, Phoenix Life finance director. "We must be able to gain Solvency II internal model approval, monitor and manage our risks on a daily basis and drive internal operational efficiency savings across our full business. We believe that the combination of Milliman's consulting expertise, the MG-ALFA® actuarial projection system and the Daily Solvency Monitoring System (DSMS) offers us such a solution."