2023 press releases

News from Milliman

• Milliman launches research tool built on CMS Qualified Entity Data

  7 December 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the availability of a new interactive research dashboard that shows healthcare provider performance metrics and social determinants of health (SDoH) characteristics.

• Milliman analysis: Falling discount rates erode $8 billion in corporate pension funding in November

  7 December 2023

  Milliman 100 PFI funded ratio slips to 103.2% despite largest monthly market gains of 2023

• Milliman analysis: Mortgage default risk increases slightly alongside decrease in home price appreciation

  5 December 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the third quarter (Q3) 2023 results of the Milliman Mortgage Default Index (MMDI), which shows Milliman’s latest monthly estimate of the lifetime default risk of U.S.-backed mortgages.

• Milliman analysis: October’s pension risk transfer costs climb to highest levels in over three years

  17 November 2023

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

• Milliman analysis: Rising discount rates lift corporate pension funding status for second straight month in October

  6 November 2023

  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 recognized for exemplary defined contribution service

  1 November 2023

  Milliman, Inc., one of the premier actuarial, consulting, and benefits administration firms, is pleased to announce that the firm has received a PLANSPONSOR 2023 Service Star Team Award for its defined contribution (DC) work.

• Milliman analysis: Competitive pension risk transfer costs rose again in September, to 101.1% of accounting liabilities

  26 October 2023

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

• Milliman analysis: Public pension funded ratio slips for second straight month, to 73.2% at end of September

  17 October 2023

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

• Milliman analysis: Corporate pension funding status returns to year’s highest level thanks to surge in discount rates

  6 October 2023

  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 costs climb from 100.2% to 100.5% in August

  21 September 2023

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

• Milliman analysis: Public pension funding ratio dips to 75.3% at end of August

  18 September 2023

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

• Milliman analysis: Mortgage origination volume returns to pre-pandemic levels in Q2 2023 while default risk declines slightly

  13 September 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the second quarter (Q2) 2023 results of the Milliman Mortgage Default Index (MMDI), which shows Milliman’s latest monthly estimate of the lifetime default risk of U.S.-backed mortgages.

• Milliman analysis: Corporate pension funding declines in August as assets suffer losses

  11 September 2023

  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 2023 Variable Annuity Industry Experience Studies show policyholder behavior is highly sensitive to interest rates and benefit guarantees

  7 September 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the results of its two 2023 Variable Annuity Industry Experience Studies, which analyze policyholder behavior across 22 companies spanning 15 years.

• Milliman analysis: Competitive pension risk transfer costs inch up, from 100.1% to 100.2% in July

  21 August 2023

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

• Milliman Advanced Risk Adjusters introduces social deprivation indicator model to better understand community conditions on population health

  21 August 2023

  Milliman, Inc., a premier global consulting and actuarial firm, has released the MARA SDXPLN, a Social Deprivation Indicator model that can be used to better understand the impact of community conditions on population health.

• Milliman analysis: Public pension funded ratio keeps climbing, reaches 76.8% at end of July

  17 August 2023

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

• Milliman analysis: Multiemployer pension plans’ overall funding jumps to 87% at mid-year 2023, up from 79% at the end of 2022

  15 August 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the 2023 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 analysis: Corporate pension funding status improves for third straight month in July

  7 August 2023

  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 ratio climbs to 75.8% at end of June

  19 July 2023

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

• Milliman analysis: Competitive pension risk transfer costs decrease from 100.5% to 100.1% in June

  17 July 2023

  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 funding status improves in June for second straight month

  10 July 2023

  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 costs increase from 98.3% to 100.5% in May 

  21 June 2023

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

• Milliman analysis: Public pension funded ratio declines slightly to 73.7% at end of May

  20 June 2023

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

• Milliman wins InsuranceERM Americas Award for its comprehensive SaaS actuarial modeling and reporting solution 

  16 June 2023

  Milliman, Inc., the premier global consulting and actuarial firm, is pleased to announce the firm has won the InsuranceERM Americas Awards 2023 for its transformative cloud-based actuarial modeling and reporting platform, Milliman Integrate®.

• Milliman awarded three 2023 Military Friendly Designations for its commitment to veterans and families 

  7 June 2023

  Milliman, Inc., a premier global consulting, technology, and actuarial firm, is pleased to announce that it was awarded three 2023 Military Friendly® designations under the categories of Employer, Spouse Employer, and Supplier Diversity.

• Milliman analysis: Corporate pension funding status improves in May after discount rates rise yet again

  7 June 2023

  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: Mortgage originations decrease 73% year-over-year in Q1 2023; mortgage default risk declines slightly 

  1 June 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the first quarter (Q1) 2023 results of the Milliman Mortgage Default Index (MMDI), which shows Milliman’s latest monthly estimate of the lifetime default risk of U.S.-backed mortgages.

• Milliman named “Best in Class” defined contribution recordkeeper 

  31 May 2023

  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 2022 Best in Class defined contribution (DC) recordkeeper. The firm has now earned 179 Best in Class awards since 2017.

• Milliman Medical Index: Healthcare costs exceed $31,000 for hypothetical American family of four

  30 May 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the 2023 Milliman Medical Index (MMI), which measures healthcare costs for individuals and families receiving coverage from an employer-sponsored preferred provider plan (PPO).

• Milliman analysis: Competitive pension risk transfer costs in April hit seven-month low

  25 May 2023

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

• Milliman analysis: Public pension funded ratio ticks up to 74.8% at end of April, showing modest improvement

  18 May 2023

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

• Milliman Retiree Health Cost Index: A healthy 65-year-old retiree needs to save between $90,000 and $203,000 for healthcare costs if they retire in 2023

  1 May 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released its 2023 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 by 40 basis points to 99.3% during March

  27 April 2023

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

• Milliman Pension Funding Study: Nearly half of largest 100 corporate pensions started FY 2023 fully funded

  20 April 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2023 Corporate Pension Funding Study (PFS), which analyzes data for the 100 U.S. public companies with the largest defined benefit (DB) pension plans.

• Milliman analysis: Public pension funded ratio rises to 74.5% at end of March thanks to modest market gains

  17 April 2023

  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 40 basis points to 99.7% during February

  24 March 2023

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

• Milliman analysis: Public pension funded ratio drops to 73.6% at end of February amid continued market declines

  21 March 2023

  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 climbs to 111.6% as discount rates rise in February

  9 March 2023

  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: Mortgage default risk remained flat at 2022 year-end; Mortgage originations at lowest levels since 2019

  8 March 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the fourth quarter (Q4) 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.

• Milliman analysis: Public pension funded ratio fell to 72.6% at end of 2022, erasing two years of investment gains

  8 March 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its annual Public Pension Funding Study (PPFS), which explores the funded status of the nation’s 100 largest public defined benefit pension plans.

• Milliman analysis: Multiemployer pension plans funded at 79% overall at year-end 2022, down from 91% in 2021

  6 March 2023

  Milliman, Inc., a premier global consulting and actuarial firm, today released the 2022 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 wins two prestigious InsuranceERM Awards for its transformational insurtech products

  1 March 2023

  Milliman Mind and Milliman Integrate recognized as “Actuarial Modeling Solution of the Year” and “Regulatory Reporting Software of the Year,” respectively .

• Milliman analysis: Competitive pension risk transfer buyout rate drops 90 basis points to 99.3% during January

  27 February 2023

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

• Milliman MedInsight ranked “Best in KLAS for Payer Quality Analytics” for the 5th year in a row

  10 February 2023

  Milliman MedInsight’s leading platform for data warehousing and healthcare analytics was recognized as the Best in Payer Quality Analytics in the 2023 Best in KLAS: Software and Services report.

• Milliman analysis: Corporate pension funding ratio drops to 109.3% as discount rates fall in January

  8 February 2023

  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 hires Richard Payne to Life Insurance consulting team

  7 February 2023

  Milliman, a premier global consulting and actuarial firm, today announced the appointment of Richard Payne as Director & Consulting Actuary for Milliman’s Life practice in Asia, effective 13 February 2023.

• Milliman wins three benefits communication graphic design awards for national client campaigns

  31 January 2023

  Milliman, Inc., a premiere global consulting, actuarial, and benefits administration firm, today announced it has won a 2022 MarCom Platinum Award in Strategic Communications from the Association of Marketing and Communication Professionals and two 2022 Health+Wellness Design Awards from Graphic Design USA.

• Milliman analysis: Competitive pension risk transfer buyout rate drops 70 basis points to 100.3% during December

  26 January 2023

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

• Millennial Specialty Insurance, LLC chooses Milliman Bungalow as its private flood insurance pricing solution to close the flood protection gap

  19 January 2023

  Milliman, Inc. (“Milliman”), the premier global consulting and actuarial firm, today announced that Millennial Specialty Insurance, LLC (“MSI”), an indirect subsidiary of BRP Group, Inc. (NASDAQ: BRP), has chosen Milliman Bungalow (“Bungalow”) as its insurtech platform for a complete flood insurance rating solution.

• Milliman analysis: Public pension funded ratio dips to 72.8% as of December 31 due to market declines

  17 January 2023

  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 pensions close 2022 at 110% funded

  9 January 2023

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