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Seattle—Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce that the firm’s second annual Milliman Opportunity Scholarship application period is now open and accepting entrants. The Milliman Opportunity Scholarship assists students from ethnic groups and races that are under-represented in the fields of actuarial science, data science, computer science, economics, programming, mathematics, statistics, data analytics, or finance.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced that Arius®, Milliman’s advanced analytics loss reserving software for insurers and reinsurers, was named “Best reserving solution” in the 2017 InsuranceERM awards. Senior industry experts from across Europe and the U.K. served as judges for the award.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced it will debut its proprietary predictive modeling platform at the InsiderTech Conference held in New York on December 6th. Milliman’s recently-created analytics software, Solys, uses advanced computer languages, models, and machine-learning so that consultants can serve their clients with increased speed, reach, and cost-efficiency.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce that Principal William Hines has been named an observer to the International Accounting Standards Board (IASB) IFRS 17 Transition Resource Group (TRG). IFRS 17, which was adopted in May, represents a significant change from current accounting practices and is expected to require substantial effort from companies to comply.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce the winners of the firm’s first annual Milliman Opportunity Scholarship award, which was created to assist students from ethnic groups and races that are under-represented in the fields of actuarial science, data science, computer science, economics, programming, mathematics, statistics, data analytics, or finance.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced that the firm has been joined by the MicroInsurance Centre (MIC), the internationally recognized consulting firm and microinsurance thought leader dedicated to generating access to valuable microinsurance products to 3 billion low-income people across the globe. Both firms share the common goal of working to protect the health and financial well-being of people everywhere.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced a new innovation in the InsurTech space – a driving “risk score” created with tech start-up Zendrive that is up to six times more powerful than the leading predictive models.

Dubai, Kuala Lumpur, London—Milliman, Inc., a premier global consulting and actuarial firm, today released the findings of the first known study analysing the general and the family Takaful industries, separately, across all major markets. The full report will be released and discussed at the International Takaful Summit in London today.

London—Milliman, Inc., the premier global consulting and actuarial firm, today announced that an innovative new study examining multi-criteria decision-making using an iterative process of advanced computing and human input has shown superior results in risk management when compared to machine algorithms or humans alone.

London—Milliman, the leading global provider of actuarial services, and Barnett Waddingham, UK’s largest independent provider of actuarial, administration and consultancy services, today announced a joint venture.

Seattle—Milliman, Inc., one of the premier actuarial and benefits administration firms, today announced it has added the Painters and Allied Trades District Council 82 DC Plan as a defined contribution client. The plan covers collectively bargained members in the states of Minnesota, Wisconsin, and North Dakota with approximately 2,300 participants and $155 million in plan assets.

London—Milliman, Inc., a premier global consulting and actuarial firm, today released an updated report detailing embedded value (EV) results for 23 major insurance companies in Europe. The report examines trends among those companies that reported EVs as of mid-year 2016. For the first half of 2016, disclosed EV results have been mixed – while interest rates remained at historically low levels and equity growth was poor, firms in the survey generally experienced an improved value of new business (VNB) as compared with the same period last year.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced that it has been selected by Risk.net as the best tech vendor for actuarial modelling. For the second time in three years, Milliman is being recognized for its software solution Integrate™, which provides an innovative approach to support fully automated, end-to-end financial and risk modelling.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, announced today that it has released version 2.9 of Arius®, its state-of-the-art loss reserving system for property and casualty insurers. This is the eleventh major release of new functionality since Arius’ introduction three years ago. This update provides significant enhancements to the system’s graphing capabilities, giving actuaries a number of new analytical capabilities.

London—Milliman, Inc., a premier global consulting and actuarial firm, today announced the availability of new research detailing embedded value (EV) results for 23 major insurance companies in Europe. The report examines trends among companies reporting EVs as of year-end 2015. The report compares practises followed by major insurance companies and discusses EV reporting issues given the move toward Solvency II in Europe and the global adoption of International Financial Reporting Standards.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, announced today that it has released version 2.8 of Arius®, its state-of-the-art loss-reserving system for property and casualty insurers. This is the tenth major release of new functionality since Arius’ introduction three years ago, and an eleventh release of new features is planned for fall 2016.

Seattle—Milliman, a premier global consulting and actuarial firm, today announced the release of Integrate™ with Microsoft Power BI Embedded, a suite of business analytics tools to analyze data and share insights.

Singapore—Milliman, Inc., a premier global consulting and actuarial firm, today announced that it will open an office in Kuala Lumpur on March 1, 2016. The Kuala Lumpur office will offer employee benefits, life, non-life, and health insurance consulting services. Milliman has two other offices in South East Asia—in Jakarta and in Singapore—and now 12 in total in the Asia-Pacific region.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced the availability of a new final expense insurance experience study. This is the second Milliman Final Expense Study (MFES 2), a comprehensive mortality, lapse, and cause of death study on the final expense industry.

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.