News from Milliman

• Milliman analysis: Competitive pension risk transfer buyout rate rises 20 basis points to 101.0% during November

  19 December 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Milliman analysis: Market gains lift public pension funded ratio to 74.7% as of November 30

  14 December 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans.

• Milliman analysis: Corporate pension funding ratio dips to 111.2% in November due to drop in discount rates

  7 December 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman’s 2022 Fixed Indexed Annuity Industry Experience Studies show policyholder behavior is highly sensitive to interest rates and benefit guarantees

  6 December 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the results of its two 2022 Fixed Indexed Annuity Industry Experience Studies, which analyze policyholder behavior across 15 companies spanning 16 years.

• Milliman’s Arius introduces new formula capabilities and expanded reporting tools with latest reserving software release

  5 December 2022

  Milliman, Inc., a premier global consulting and actuarial firm, announced today that it has released the latest version of its Arius® insurtech software solutions, a family of state-of-the-art reserve analysis systems for property and casualty insurers and large self-insureds.

• Milliman analysis: Rising interest rates, lower refinance activity contribute to growing mortgage default risk in 2022 Q3

  2 December 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the third quarter (Q3) 2022 results of the Milliman Mortgage Default Index (MMDI), which shows the latest monthly estimate of the lifetime default risk of U.S.-backed mortgages.

• Pouch Insurance Services chooses Milliman AccuRate score as usage-based insurance solution, launching them to the forefront of commercial auto insurance

  14 November 2022

  Milliman, Inc., the premier global consulting and actuarial firm, today announced that Pouch Insurance Services has chosen Milliman AccuRate Fleet^TM as its platform for usage-based insurance scores.

• Jim Quartarone joins Milliman’s Employee Benefits Administration sales team

  7 November 2022

  Milliman, a premier global consulting and actuarial firm, today announced that Jim Quartarone joins our Employee Benefits Administration sales and marketing team as a regional sales manager.

• Milliman analysis: Corporate pension funding ratio surges to 112.8% in October thanks to rising discount rates

  4 November 2022

  Milliman 100 PFI funded status improves by $47 billion.

• Milliman analysis: Competitive pension risk transfer buyout rate rises 320 basis points to 100.1% during September

  26 October 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• The Society of Actuaries and Milliman collaborate to develop first Climate Risk Certificate Program

  21 October 2022

  The Society of Actuaries (SOA) and Milliman today announced the first certificate program focused on measuring and managing climate risk for actuaries.

• Milliman analysis: September market declines cause public pension funded ratio to drop from 75.0% to 69.3%

  21 October 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans.

• Milliman launches enhanced retirement security projection tool to measure retirement readiness

  19 October 2022

  Milliman, Inc. today announced that it has launched an enhanced retirement security projection tool available to participants in Milliman-administered retirement plans.

• Milliman analysis: Corporate pension funding ratio improves to 109.2% in September despite 2022’s worst month of market losses

  12 October 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman IntelliScript^® Acquires OneRecord

  7 October 2022

  Milliman IntelliScript^®, an insurtech company with risk assessment solutions for life and health insurers, has acquired OneRecord, a digital healthcare company that empowers consumers to access, aggregate, and share their healthcare data with the people and organizations they trust using standards-based APIs.

• Milliman analysis: Public pension funded ratio dips to 75% as August market losses erode July’s gains

  22 September 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans.

• Milliman Retiree Health Cost Index: A healthy 65-year-old will spend on average between $137,000 and $300,000 on healthcare costs in retirement

  22 September 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released its 2022 Retiree Health Cost Index which projects the total premiums and out of pocket expenses a healthy 65-year-old can expect to spend on medical and prescription drug costs in retirement.

• Milliman analysis: Competitive pension risk transfer buyout rate drops 110 basis points to 96.9% during August

  19 September 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Milliman MedInsight Selected for Epic’s New Value-Based Performance Management Module

  14 September 2022

  Milliman MedInsight announces a new strategic relationship with Epic, the most widely-used electronic health records system in the U.S., to offer advanced analytics to Epic customers.

• Milliman analysis: Corporate pension funded ratio improves to 106.4% in August despite double-digit investment losses year-to-date

  8 September 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman analysis: Public pensions recover majority of June’s market losses, reach 77.3% funded as of July 31

  23 August 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans.

• Milliman analysis: Competitive pension risk transfer buyout rate decreases to 98.0% during July

  22 August 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Milliman awards 20 Opportunity Scholarships in program’s sixth year

  22 August 2022

  Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce the recipients of this year’s Opportunity Scholarship program.

• Milliman analysis: Multiemployer pension plans’ funded ratio drops to 80% halfway through 2022

  10 August 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the 2022 mid-year results of its Multiemployer Pension Funding Study (MPFS), which analyzes the funded status of all multiemployer defined benefit pension plans in the United States.

• Milliman announces opening of Bermuda office

  9 August 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the opening of an office in Bermuda.

• Milliman analysis: Corporate pension funding decreases to 104.5% as liability increases outpace investment gains in July

  4 August 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman and Turquoise Health Form Strategic Alliance to Extract Actionable Insights From Newly Released Price Transparency Data

  2 August 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans.

• Milliman analysis: Slump in June market causes $262 billion drop in public pension funded status

  28 July 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans.

• Milliman analysis: Competitive pension risk transfer buyout rate dips to 98.3% during June

  25 July 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Life insurers see increased variable universal life sales compared to universal life and indexed universal life products, according to annual Milliman survey

  14 July 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 15th annual Milliman study of universal life (UL), indexed universal life (IUL), and variable universal life (VUL) issues.

• Milliman analysis: Corporate pension funded ratio dips to 106.3% as of June 30

  11 July 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman’s 2022 Variable Annuity Industry Experience Studies show policyholder behavior is returning to pre-pandemic levels

  6 July 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the results of its three 2022 Variable Annuity Industry Experience Studies, which analyze policyholder behavior across 21 companies spanning 14 years.

• Milliman analysis: Public pension funded ratio stays steady in May at 78.4%

  29 June 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans.

• Milliman analysis: Competitive pension risk transfer buyout rate climbs to 98.6% in May

  23 June 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Datalytics-Defense recognized by InsuranceERM as “Analytics Solution of the Year” in the Americas

  20 June 2022

  Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce that the firm’s Datalytics-Defense® second-generation e-billing solution has been recognized as the 2022 InsuranceERM Awards - Americas “Analytics Solution of the Year.”

• Milliman analysis: Corporate pension funded ratio increases for sixth straight month, to 107.0% as of May 31

  7 June 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman analysis: Competitive pension risk transfer buyout rate drops to new MPBI low of 97.7% in April

  31 May 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Milliman wins two international employee communication awards recognizing outstanding achievement in benefits communication

  31 May 2022

  The International Association of Business Communicators (IABC) recognizes Milliman with two 2022 Gold Quill Awards.

• Milliman Medical Index: Healthcare costs exceed $30,000 for hypothetical American family of four

  25 May 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the 2022 Milliman Medical Index (MMI), which measures healthcare costs for individuals and families receiving coverage from an employer-sponsored preferred provider plan (PPO).

• Milliman adds emergency savings program, SecureSave, to financial wellness offering for retirement plan clients

  24 May 2022

  Milliman, Inc., one of the premier actuarial, consulting, and benefits administration firms, today announced that it will add SecureSave™, an emergency savings program, to the financial wellness services offered to its network of retirement plan clients.

• Milliman analysis: Rocky markets cause $167 billion drop in public pension funded status during Q1

  20 May 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the first quarter (Q1) 2022 results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans.

• Milliman’s Jennifer Gerstorff appointed to Medicaid and CHIP Payment and Access Commission (MACPAC)

  10 May 2022

  Milliman, Inc., a premier global consulting and actuarial firm, is excited to share that Jennifer L. Gerstorff, FSA MAAA, has been appointed to the Medicaid and CHIP Payment and Access Commission (MACPAC), a non-partisan legislative branch agency that advises Congress on issues affecting Medicaid and the State Children’s Health Insurance Program.

• Milliman analysis: Corporate pension funded ratio climbs to 106.7% in April

  9 May 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman analysis: Competitive pension risk transfer buyout rate continues to drop, hitting 98.3% in March

  26 April 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Milliman analysis: Corporate pension funded ratio hits 15-year high at 105.2% funded

  7 April 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman analysis: Competitive pension risk transfer buyout rate hits all-time low in February, at 98.9%

  24 March 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Variable annuity study reveals 11% mortality increase due to COVID

  16 March 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced that, with the acquisition of Ruark consulting, the industry’s leading variable annuity mortality studies will be rebranded as the Milliman Variable Annuity Mortality Study.

• Milliman named “Best in Class” defined contribution recordkeeper

  15 March 2022

  Milliman, Inc., one of the premier actuarial, consulting, and benefits administration firms, is pleased to announce that it has been recognized by PLANSPONSOR as a 2021 Best in Class defined contribution (DC) recordkeeper.

• Milliman analysis: Default risk for U.S.-backed mortgages increases in Q4 2021, driven by expected slowdown in home price growth

  10 March 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the fourth quarter (Q4) 2021 results of the Milliman Mortgage Default Index (MMDI), which shows the latest monthly estimate of the lifetime default risk of U.S.-backed mortgages.

• Milliman analysis: Corporate pensions funded at 102.4% at end of February, despite market downturn

  9 March 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman analysis: Competitive pricing rate for pension risk transfer climbs from 99.3% to 99.9% in January

  23 February 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Milliman MedInsight named 2022 “Best in KLAS” for Payer Quality Analytics with the introduction of cloud-based digital integration

  18 February 2022

  MedInsight, Milliman, Inc.’s highly regarded platform for data warehousing and healthcare analytics, was named the number one provider solution for Payer Quality Analytics in the 2022 Best in KLAS: Software and Services report. KLAS, a research firm focused on the healthcare IT market since 1996, publishes the Best in KLAS report annually, recognizing outstanding efforts to help healthcare organizations in their quest to deliver quality patient care. This is the fourth year in a row that MedInsight has been top-ranked for Payer Quality Analytics. The recognition comes as MedInsight rolls out its new analytics and integration capabilities in 2022.

• Milliman analysis: Multiemployer pension plans funded at 91% overall at year-end 2021

  15 February 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the 2021 year-end results of its Multiemployer Pension Funding Study (MPFS), which analyzes the funded status of all multiemployer defined benefit pension plans in the United States.

• Milliman analysis: Corporate pension funded ratio climbs to 101.4% despite market downturn, highest in 13 years

  8 February 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman analysis: Public pension funded status ends 2021 at 85.5%, highest in over five years

  24 January 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the fourth quarter (Q4) 2021 results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans.

• Milliman analysis: Competitive pricing rate for pension risk transfer drops from 99.9% to 99.3% in December

  21 January 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

• Milliman analysis: Corporate pensions end 2021 at 99.6% funded, just shy of full funding

  12 January 2022

  Milliman, Inc., a premier global consulting and actuarial firm, today released the year-end results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman study: Majority of insurers in Asia report steady embedded value growth in H1 2021 despite COVID-19 pandemic

  7 January 2022

  This update supplements the ‘2020 embedded value results: Asia’ report, released in August 2021 and includes 2021 mid-year embedded value (EV) and value of new business (VNB) results posted by major multinational and domestic life insurers across Asia.

• Milliman survey reveals 28 out of 34 companies use or plan to use accelerated underwriting in term life insurance

  4 January 2022

  Milliman, Inc., a premier global consulting and actuarial firm, just released the results of its biennial broad-based survey on term life insurance. The study surveys 34 term life insurance companies and focuses on current topics relevant to a range of these products.