22 December 2016
Milliman: Asian insurance market sees positive embedded value results in first half of 2016, despite headwinds
Hong Kong—Milliman, Inc., a premier global consulting and actuarial firm, today released an updated report examining trends in the embedded value (EV) results for the 17 major insurance companies in Asia that published EVs as of mid-year 2016. For the first half of 2016, disclosed EV results have continued to be positive overall, with several emerging markets reporting double-digit growth as high as 20%; however, low interest rates and equity market volatility have continued to constrain growth in many countries in the region.
08 December 2016
Milliman named Best Tech Vendor for Actuarial Modelling by Risk.net
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.
31 October 2016
New graphing capabilities in Milliman’s Arius 2.9 offer solutions for data visualization
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.
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.
09 March 2016
Milliman launches innovative Retirement Enhancement Trust in Australia
Sydney—Milliman, a global actuarial consulting firm and leading provider of financial risk management services for retirement products, is pleased to announce a new offering for the Australian retirement market. Milliman’s Retirement Enhancement Trust™ is a novel retirement solution that has many advantages over other products currently available to retirees.
02 March 2016
Farzana Ismail leads Milliman’s new life consulting team in Malaysia
Singapore—Milliman, Inc., a premier global consulting and actuarial firm, today announced that Farzana Ismail will lead its new life insurance consulting team in Malaysia. The Kuala Lumpur office will offer life insurance, employee benefits, non-life, and health insurance consulting services. Farzana has spent her entire career working as a consultant covering life insurance and family takaful, initially in Milliman’s London office and more recently in Kuala Lumpur. Milliman now employs more than 200 professionals across 12 offices in Asia.
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.
18 January 2016
Milliman named Service Provider of the Year by Middle East Insurance Review
Dubai—Milliman, Inc., a premier global consulting and actuarial firm, was named the Service Provider of the Year at the Middle East Insurance Review’s Middle East Industry Awards 2015, which were held in November. This is the second consecutive year that Milliman has won this award.
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.
05 August 2015
Impact of the ASEAN Economic Community for the life insurance industry
Singapore—Milliman, Inc., a premier global consulting and actuarial firm, today announced the availability of new research into the implications of the transition toward the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC). With the AEC commencement quickly approaching at the end of this year, Milliman has examined the market characteristics and regulatory environments in each ASEAN country and has launched the Milliman ASEAN Liberalisation Index (MALI), a tool that characterises each member-state's progress toward the more harmonised regime envisioned when AEC was originally conceived.
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.
01 December 2014
Milliman helps clients meet investment challenges of retirees with Managed Risk Strategy
Sydney—Maritime Super, Plato Investment Management and BetaShares have this year employed Milliman’s Managed Risk Strategy (MMRS), which stabilizes investment volatility and reduces the impact of major market declines by dynamically managing market exposure using derivatives.
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.
05 February 2013
Milliman and Reunion announce strategic alliance
Sydney—Milliman, Inc., a premier global consulting and actuarial firm, today announced a strategic alliance with Reunion Limited, a specialist management consulting firm covering the Asia Pacific Region and with a focus on the energy sector. This strategic alliance will allow both firms to expand their geographic reach, whilst also providing market leading energy risk management to clients in Australia and New Zealand.
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.