On January 5, 2016, one of Milliman’s largest competitors completed a merger with a multinational brokerage firm. The deal was the latest example of the changing market for actuarial products and services. Most of our global competitors are now linked to brokerages or accounting firms, and several of them are public companies. It’s getting harder and harder to find an independent global firm with a primary focus on actuarial services and products.
We now find ourselves in a market unlike any we’ve seen in the 69 years since Wendell Milliman first established an actuarial consulting practice in Seattle. As we’ve become a global player, our independence has ensured we remain focused on our clients’ interests, and has made us attractive to a certain kind of professional—innovative entrepreneurs drawn to important work. That commitment to independence is crucial to Milliman’s mission, which is to help our clients protect the health and financial well-being of people everywhere.