18 October 2016
Milliman analyses embedded value reporting in the European insurance market
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.
19 July 2016
Milliman releases Arius 2.8, with new documentation tools and the ability to build more complex analysis projects
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.
31 March 2016
Milliman releases new analytics, dashboard and reporting capabilities in Integrate
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.
21 January 2016
Milliman opens new office in Malaysia
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.
11 January 2016
Milliman completes comprehensive final expense industry experience study
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.
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.
15 December 2014
Milliman wins award for best actuarial modeling software
Seattle—Milliman, Inc. today announced that the firm’s cloud-based Integrate™ solution has been recognized as “Best Actuarial Modelling Software” in the 2014 Insurance Risk Awards. Integrate is the industry’s first cloud modelling platform and builds off of MG-ALFA®, which has been a market leader in asset liability/modelling for more than 20 years.
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.
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.
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.
28 February 2013
NAVI™: New Software Solution in the Milliman STAR Solutions® suite delivers instant and robust risk information allowing fast business decisions
Dusseldorf—Milliman, one of the premier global consulting and actuarial firms, today announced the launch of the next product in its suite of Solvency II products, Milliman STAR Solutions® - NAVI™, a new powerful software solution to help life insurance companies improve their risk modelling by dramatically reducing calculation time within a flexible and robust process.
10 December 2012
Milliman sponsors an ILC-UK and Actuarial Profession joint debate on the ‘cost of our ageing society’
London—Milliman Inc., one of the premier global consulting and actuarial firms, and the ILC-UK (International Longevity Centre-UK) recently organized a debate in conjunction with the Actuarial Profession on the cost of ageing and its impact on society.
31 July 2012
Vega™: Software Solution from Milliman will calculate Standard Formula and help Insurers to meet Solvency II reporting requirements
Paris—Milliman, one of the premier global consulting and actuarial firms, today announced the impending launch of Vega™, a comprehensive software solution to perform Standard Formula calculations and fulfil Solvency II reporting requirements.