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Seattle—Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce that Principal William Hines has been named an observer to the International Accounting Standards Board (IASB) IFRS 17 Transition Resource Group (TRG). IFRS 17, which was adopted in May, represents a significant change from current accounting practices and is expected to require substantial effort from companies to comply.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce the winners of the firm’s first annual Milliman Opportunity Scholarship award, which 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.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced that the firm has been joined by the MicroInsurance Centre (MIC), the internationally recognized consulting firm and microinsurance thought leader dedicated to generating access to valuable microinsurance products to 3 billion low-income people across the globe. Both firms share the common goal of working to protect the health and financial well-being of people everywhere.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced a new innovation in the InsurTech space – a driving “risk score” created with tech start-up Zendrive that is up to six times more powerful than the leading predictive models.

Seattle—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, these pension plans experienced their largest improvement year-to-date, with a $26 billion increase in funded status. The improvement was the result of a nine-basis-point increase in discount rates coupled with market value gains, which saw the Milliman PFI plans’ funded ratio climb from 83.0% to 84.3% for the month.

Seattle—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 funded status of these plans fell by $17 billion – the largest loss year-to-date – due to a decrease in the benchmark corporate bond interest rates used to value pension liabilities.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced the launch of its latest InsurTech offering, an innovative casualty benchmarking tool that provides a new industry standard and a better, more efficient way of assessing variability in unpaid claims estimates.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced that the firm has hired Lisa Henderson as Chief Strategist, Casualty Products and InsurTech Consulting.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the second quarter results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans. In Q2 2017, the funded ratio of these plans ticked upward, climbing from 72.0% at the end of March to 73.0% as of June 30, 2017.

Keenan HealthCare and Milliman, one of the world’s largest independent actuarial consulting firms, have released the 2017 results of their California Hospital Workers' Compensation and Payroll Benchmarking Survey. The report provides industry-wide benchmarks to drive informed decisions and support fundamental considerations related to workers' compensation.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the 2017 edition of its triennial report on the estimated costs of U.S. organ and tissue transplants. The report summarizes average annual costs per member per month (PMPM), including utilization and billed charges, related to the 30 days prior and 180 days after transplant admission for organ and tissue transplants. This includes single-organ transplants such as heart, intestine, kidney, liver, lung, and pancreas, and a number of multiple-organ transplants; tissue transplants include bone marrow and cornea.

Seattle—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 funded status of these plans rose by $4 billion as the Milliman 100 PFI deficit shrank from $286 billion at the end of June to $282 billion at the end of July. The slight increase in funded status resulted from strong investment gains that compensated for a decrease in the benchmark corporate bond interest rates used to value pension liabilities. The funded ratio inched up from 83.5% the previous month to 83.7% as of July 31. Over the past seven months the funded ratio of these plans has been teetering between 83% and 84%.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced the results of a first-of-its-kind study to assess the feasibility of a private flood insurance market in several key states across the U.S. The study, which was conducted in collaboration with risk modeling firm KatRisk, set out to model private flood insurance risk and potential premiums for all single-family homes in Florida, Texas, and Louisiana – which combined account for 56% of National Flood Insurance Program (NFIP) policies in-force nationwide.

Seattle—Results from participants in Milliman, Inc.’s annual comprehensive study of universal life (UL) and indexed universal life (IUL) issues indicate a staggered approach in implementing recent regulatory changes. Principle-based reserves (PBR) may be implemented as early as January 1, 2017, and 27 survey participants reported they expect to implement PBR for all of their UL/IUL products spread over the three-year phase-in period allowed.

Seattle—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 the funded status of these plans fell by $4 billion, the result of lower-than-expected investment returns and a decrease in the benchmark corporate bond interest rates used to value pension liabilities.

Dubai, Kuala Lumpur, London—Milliman, Inc., a premier global consulting and actuarial firm, today released the findings of the first known study analysing the general and the family Takaful industries, separately, across all major markets. The full report will be released and discussed at the International Takaful Summit in London today.

London—Milliman, Inc., the premier global consulting and actuarial firm, today announced that an innovative new study examining multi-criteria decision-making using an iterative process of advanced computing and human input has shown superior results in risk management when compared to machine algorithms or humans alone.

Singapore—Milliman, Inc., a premier global consulting and actuarial firm, today announced that the company is further expanding its employee benefits practice in Asia as demand grows for the firm’s services. Mark Whatley joins Milliman as a consulting actuary in Singapore, where he will focus on further developing the firm’s employee benefits business across multinational, local and government-linked organisations. Previously, Mark directed Willis Towers Watson’s benefits practice in South East Asia. His benefits and financial services experience spans 22 years and three continents, including significant expertise in the South East Asian markets.

Portland, ME—Milliman, Inc., a premier global consulting and actuarial firm, recently released the results of its 2016 U.S. Group Disability Market Survey, a comprehensive report that analyzes the employer- and employee-paid short- and long-term disability (STD / LTD) market, including insurance products, sales, and in-force business. In total, 20 disability insurers contributed data to the survey, which also provides analysis of premiums, cases, and covered lives in 2015 and 2016 for all participating companies.

Seattle—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, the deficit for these plans rose by $22 billion from $257 billion to $279 billion, due to a decrease in the benchmark corporate bond interest rates used to value pension liabilities. As of May 31 the funded ratio had fallen to 83.8%, the 1.10% decline partially offset by investment returns.