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05 December 2019
Milliman analysis: Corporate pension funding rises by $15 billion in NovemberSEATTLE–Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. During November, the funded ratio for these plans rose slightly, from 86.1% to 86.8%, while the funded status deficit improved by $15 billion.
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26 November 2019
Individual disability income (IDI) market reports modest overall growth, according to MillimanPress Release FOR IMMEDIATE RELEASE Individual disability income (IDI) market reports modest overall growth, according to Milliman 15 IDI market leaders record combined 2018 new premium sales of $401 million, growth rate of 1.5% SEATTLE – NOVEMBER 26, 2019 – Milliman, Inc., a premier global consulting and actuarial fir
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07 November 2019
Milliman analysis: Corporate pension funding rises by $11 billion in OctoberSEATTLE–Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. During October, the funded ratio for these plans rose slightly, from 85.4% to 86.1%, while the funded status deficit improved by $11 billion.
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30 October 2019
Milliman analysis: Default risk for government-backed mortgages decreases in 2019 Q2 as low interest rates spur borrowers to refinanceSEATTLE – Milliman, Inc., a premier global consulting and actuarial firm, today announced the second quarter 2019 results of the Milliman Mortgage Default Index (MMDI), which shows the latest monthly estimate of the lifetime default risk of U.S.-backed mortgages. The goal of the MMDI is to provide a benchmark to understand trends in U.S. mortgage risk.
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22 October 2019
Milliman MedInsight Launches New MedInsight Provider SolutionSeattle – MedInsight, Milliman, Inc.’s highly regarded platform for data warehousing and healthcare analytics, recently launched the newest release of its flagship product, the MedInsight Solutions. The newest release, called the MedInsight Provider Solution, was created in order to better serve and understand the performance of MedInsight’s over 100 providers.
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15 October 2019
Milliman analysis: Rise in interest rates boosts corporate pensions’ funded status by $38 billion in SeptemberSEATTLE–Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In September, the PFI deficit fell to $269 billion primarily due to an increase in the benchmark corporate bond interest rates used to value pension liabilities. The monthly discount rate for these pensions climbed 14 basis points, from 2.95% in August to 3.09% for September – an improvement, but still the second-lowest discount rate recorded in the 19-year history of the Milliman 100 PFI.
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15 October 2019
Milliman study: Protection-oriented product strategies lead to continued embedded value growth for life insurers in Asia, despite challengesHONG KONG–Milliman, Inc., a premier global consulting and actuarial firm, today announced the findings of its annual study on reported year-end 2018 embedded value (EV) and value of new business (VNB) results for 52 major multinational and domestic life insurers across Asia. The report highlights trends in published EV results, including a total growth in reported EV in 2018 of 5.3% to USD 756 billion and a VNB growth of 1.5%.
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15 October 2019
Milliman analysis: Public pension funded ratio climbs to 72.2% in Q2 2019 with aggregate asset gains of 2.66%SEATTLE–Milliman, Inc., a premier global consulting and actuarial firm, today released the second quarter 2019 results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans. In Q2 2019, these plans experienced a $50 billion jump in funding, largely due to solid investment gains of 2.66% in aggregate.
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02 October 2019
Milliman hires Garry Simmons to drive growth in its Health and Group Benefits Consulting segmentSeattle – Oct. 2, 2019 – Milliman, Inc., one of the premier global consulting and actuarial firms, today announced the appointment of Garry C. Simmons as Director of Business Development for Health and Group Benefits Consulting Services.
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05 September 2019
Milliman analysis: August’s discount rate hits PFI record-low as corporate pension funding drops by $87 billionSeattle–Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In August, the PFI monthly discount rate dropped by 42 basis points to 2.95%, the lowest ever recorded in the 19-year history of the index. Until August, the Milliman 100 PFI had never reported a discount rate below 3.00%.
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13 August 2019
Milliman awards 16 Opportunity Scholarships in the program’s third yearSeattle–Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce the recipients of this year’s Opportunity Scholarship program. This scholarship program, now in its third year, was created to assist students from ethnic groups and races that are under-represented in the fields of actuarial science, data science, computer science, economics, programming, mathematics, statistics, data analytics, or finance.
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08 August 2019
Milliman analysis: July’s corporate pension funding deficit largest seen in 2019 as discount rates dropSeattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In July, the Milliman 100 PFI deficit hit a year-to-date high, swelling from $205 billion to $216 billion, the result of a decrease in the benchmark corporate bond interest rates used to value pension liabilities. The monthly discount rate during July dropped by eight basis points, to 3.37%, making it the third lowest discount rate in the 19-year history of the Milliman 100 Pension Funding Index, with discount rates lower only in July and August of 2016.
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25 July 2019
Milliman Medical Index: Healthcare costs reach $6,348 for the average American, $28,386 for hypothetical family of fourPress Release Milliman Medical Index: Healthcare costs reach $6,348 for the average American, $28,386 for hypothetical family of four New MMI interactive tool enables users to explore healthcare costs for different family compositions Seattle – July 25, 2019 – Milliman, Inc., a premier global consulting and actuarial f
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16 July 2019
Jackie O’Connor joins Milliman’s EB Admin sales teamSeattle—Milliman, a premier global consulting and actuarial firm, today announced that Jackie O’Connor, AIF® joins our Employee Benefits Administration sales and marketing team as a Regional Sales Manager for the Western territory.
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10 July 2019
Annual Milliman survey reveals increasing pricing and implementation activity of UL/IUL products as end of transition period for PBR and 2017 CSO nearsSeattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced the results of its annual comprehensive study of universal life (UL) and indexed universal life (IUL) issues.
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08 July 2019
Milliman analysis: Corporate pension funding inches up in June despite low interest rate environmentSeattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In June, these pensions experienced a $1 billion increase in funded status, as superior asset growth was able to offset rising pension liabilities due to a decrease in the benchmark corporate bond interest rates used to value those liabilities.
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12 June 2019
Milliman analysis: Corporate pension funding plummets by $65 billion in MaySeattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In May, these pensions experienced a $65 billion decrease in funded status, a precipitous drop that resulted from poor investment returns and a decrease in the benchmark corporate bond interest rates used to value pension liabilities. May saw a negative 0.74% investment return, resulting in a $15 billion decrease to the market value of assets for PFI plans. Discount rates also dropped in May, declining 24 basis points from 3.85% at the end of April to 3.61% as of May 31. Pension liabilities grew by $50 billion as a result. The funding ratio of the Milliman 100 PFI during May plummeted from 91.4% down to 87.9%.
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28 May 2019
Public pension assets rebound by 7.34% in Q1 2019, funding improves by $185 billionPress Release FOR IMMEDIATE RELEASE Public pension assets rebound by 7.34% in Q1 2019, funding improves by $185 billion Milliman PPFI funded ratio jumps from 67.2% at the end of December to 71.0% as of March 31 SEATTLE – MAY 28, 2019 – Milliman, Inc., a premier global consulting and actuarial firm, today released the f
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09 May 2019
Milliman analysis: Funding for corporate pensions improves by $29 billion in AprilSeattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In April, these pensions experienced a $29 billion increase in funded status thanks to healthy investment gains and an increase in the benchmark corporate bond interest rates used to value pension liabilities. The market value of assets rose by $13 billion thanks to April’s robust investment gain of 1.09%. Discount rates also climbed in April, increasing seven basis points from 3.78% at the end of March to 3.85% as of April 30. Pension liabilities dropped by $16 billion as a result. The funding ratio of the Milliman 100 PFI during April rose from 89.7% to 91.4%.
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24 April 2019
Milliman hires Radhika Philip to expand its global higher education consulting and administration practiceSeattle—Milliman, Inc., one of the premier global consulting and actuarial firms, today announced the appointment of Radhika Philip as Managing Director, People Strategy and HR Transformation, for the firm’s Global Higher Education (GHE) practice. She joins Gary Setterberg, Senior Managing Director – Global Higher Education as part of the multidisciplinary practice dedicated to providing employee benefit and human capital advisory and strategic consulting services to higher education and academic medical system clients.