Designed, developed, and supported by Milliman, MG-ALFA® has been the choice of the world’s leading insurance and financial companies for more than a decade. With the release of the Version 7 Series, this powerful financial modeling tool continues to evolve, with significant improvements to both functionality and ease of use.
New enhancements keep MG-ALFA in the lead
Featuring a dynamic user interface that incorporates the latest Microsoft usability innovations, Version 7 continues the migration of the entire MG-ALFA system to an innovative, leading-edge platform. An expanded data model allows actuaries to define models using any and all data elements to differentiate critical assumptions. And a new security model supports user groups with tiered access rights, controlled by the familiar and IT-friendly Active Directory structure.
Version 7 also includes seamless integration with Excel®. And this goes well beyond import and export—now tabular data can be stored in Excel and read directly by the MG-ALFA system. The Excel Reporting Tool delivers complete flexibility in report design and presentation, and allows for production reporting without moving through the system interface.
Inspired by clients
Version 7 is the result of thousands of hours of development and testing with the most insightful users: clients. The user interface enhancements build upon the complete rewrite of our underlying calculation engine, resulting in the most modern system on the market today. And broad upgrades strengthen MG-ALFA's position as the leading solution for C3 Phase III, principles-based reserves, IFRS, and Solvency II.
Innovations in cluster modeling
Cluster modeling replaces the process of compressing model points with traditional actuarial methods, with a process based on advanced mathematics that automates compression using projection values for key financial measures. Version 7 marks a significant advancement. Now, as new seriatim listings are received, MG-ALFA can quickly compress model points to 1% of the full listing, with model fit values of 99% or better on measures such as premium, claims, expenses, and profits. And not just at time zero, but five, 10, 15, and 20 years into a projection. Even better, companies using other modeling platforms can access this functionality using their own data and a limited license for MG-ALFA.
A business tool for today's challenges
As the economy and regulatory environment continue to change, financial modeling has become an increasingly critical part of business. Rely on the proven solution: Milliman and MG-ALFA. Built for the future. Ready today.
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