June 16, 2008
Milliman Releases MG-ALFA® Version 6.6
Seattle—Milliman, Inc. announced today that it has released the newest version of its MG-ALFA financial projection software. This release completes a multiyear initiative to enhance speed and capacity. MG-ALFA supports a broad range of assets and liabilities and delivers functionality for the complete spectrum of actuarial modeling needs, from pricing and ALM projections to stochastic and nested stochastic analysis. It is uniquely positioned to meet emerging regulatory and accounting changes around the globe and offers multiple grid computing solutions.
May 28, 2008
Evaluation Associates announces management reorganization
Norwalk—Evaluation Associates, a Milliman Company, today announced that responsibility for the day-to-day management of the firm has been reorganized along service lines. In making the announcement, Edward Brown, Milliman's Employee Benefits Practice Director, said, "We believe the changes we are announcing today will allow Evaluation Associates to more efficiently and effectively deliver a range of highly specialized, individual client services."
May 20, 2008
Hedging programs withstand market downturn
Seattle—Milliman, Inc., one of the premier global consulting and actuarial firms, today released results of a study measuring the effectiveness of hedging products that contain investment guarantees such as variable annuities. Hedging results from the 16 study respondents revealed few unanticipated losses and validated the efficacy of financial risk management programs, many of which have been implemented since the last significant market downturn.
May 14, 2008
Milliman says 2008 medical cost for "American family of four" exceeds $15,600
Seattle—Milliman, Inc., one of the premier global consulting and actuarial firms, announced today that average total medical spending for its "typical American family of four" reached $15,609 in 2008, an increase of $1,109 over the preceding year. The finding is contained in the fourth annual Milliman Medical Index™.
April 1, 2008
Milliman, Inc., completes quantitative analysis of consumer-driven health plans
Seattle—Milliman, Inc., today released results of a study to measure the cost effectiveness of consumer-driven health plans (CDHPs). Working in concert with the National Business Group on Health (NBGH) and six of its member firms, Milliman completed a quantitative analysis of employer programs that offer their employees a choice of CDHPs or non-CDHPs. These programs covered approximately 225,000 members with more than 30,000 enrolled in a CDHP. The actual CDHP penetration of the six employers ranged from 4.4% to 76%.
February 6, 2008
Milliman opens Australian office
Sydney, NSW—Milliman, the international consulting firm, today announced the opening of its office in Sydney. In addition to its broad range of actuarial services, the consultancy will help Australian financial institutions and superannuation funds provide innovative products that simultaneously manage both investment and longevity risk.
January 28, 2008
Seattle—Results from Milliman's third annual guaranteed living benefits (GLB) survey of leading U.S. variable annuity carriers indicate that nearly 95% of variable annuities offered include some form of GLB.
October 15, 2007
Milliman teams with Microsoft to offer MG-ALFA customers significant cost savings & efficiency gains
Seattle—Milliman, Inc., the international firm of consultants and actuaries, announced today that it has teamed with Microsoft Corp. to provide a highly scalable, cost-effective cluster computing solution to clients in the life insurance and financial services industries.