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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 November, these pensions experienced a $7 billion increase in funded status resulting from a robust investment gain of 0.72%. This brings the PFI’s year-to-date investment performance to a loss of 1.49%, making it likely these plans will miss the expected return assumption for 2018.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced new features for Pixel™, Milliman’s web-based, interactive premium comparison and market analysis tool for personal residential and flood insurance.

Seattle—Milliman, Inc., one of the premier global consulting, actuarial, and administration firms, today announced it has added the Timber Operators Council – Woodworkers, IAM Defined Contribution Plan and Trust as a defined contribution client. The plan includes over 4,300 participants and $150 million in assets.

Seattle—Milliman, Inc., one of the premier global consulting and actuarial firms, today announced a new security feature on Millimanbenefits.com, which hosts account information for participants in Milliman client retirement plans. The leading edge Account Lock feature allows participants to “lock down” their accounts to prevent any distributions or loans from being initiated while it is locked. It gives participants an added layer of defense against external security threats.

Seattle—Milliman, Inc., the premier global consulting and actuarial firm, today announced that Physicians Insurance A Mutual Company has selected Milliman Datalytics-Defense® as its advanced analytics legal management platform for processing defense cost invoices. Milliman Datalytics-Defense employs powerful data mining algorithms and machine learning to help insurers and self-insureds detect patterns in attorney billing practices, delivering a better understanding of both costs and defense strategies.

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 October, these pensions experienced a $13 billion decline in funded status resulting from a significant investment loss of 3.42%. This brings the PFI’s year-to-date investment performance to a loss of 1.99%; October 2018 marks the biggest one-month investment loss for these plans since January 2008’s 3.57% loss. From September 30 to October 31, the PFI’s asset value declined by $57 billion, while the funded ratio dropped one percentage point from 94.4% to 93.4%.

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 pensions experienced a $21 billion increase in funded status due to an increase in the benchmark corporate bond interest rates used to value pension liabilities. From August 31 to September 30, the monthly discount rate rose 13 basis points, climbing from 4.05% to 4.18%. As a result, the projected benefit obligation (PBO) for these plans decreased by $27 billion, but was offset by a $6 billion decrease due to investment losses. As of September 30, the funding ratio for the Milliman 100 PFI was at 94.5%, up from 93.3% the previous month.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its Fall 2018 Multiemployer Pension Funding Study (MPFS), which analyzes the funded status of all multiemployer pension plans in the United States. As of June 30, 2018, the aggregate funded ratio of these plans was at 81%, down from 83% at the end of 2017.

SEATTLE – Milliman, Inc., a premier global consulting and actuarial firm today announced that it has been selected as a vendor for MassHealth’s Delivery System Reform Incentive Payment (DSRIP) Technical Assistance (TA) program and the MA DSRIP TA Marketplace. The TA Marketplace serves to enable MassHealth Accountable Care Organizations (ACOs) and Community Partners (CPs) to easily navigate and tap into the array of resources and supports available to them through the MassHealth DSRIP TA Program.

London—– Milliman, Inc., a premier global consulting and actuarial firm, today announced that it has hired investment banking and capital management expert Paul Fulcher as a new senior consultant in London. With almost three decades of actuarial experience, including the last 18 years in investment banking, Fulcher will focus on expanding the firm’s capabilities in capital and asset-liability management (ALM). He joins Milliman from Nomura, where he served as Managing Director, ALM Structuring and Insurance Solutions for the past six years, winning Risk Solutions House of the Year from Risk Magazine in 2018. Previously, Fulcher directed risk advisory teams at both Royal Bank of Scotland and UBS.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced the launch of Pixel™ for flood insurance at this year’s InsureTech Connect conference in Las Vegas. Pixel is Milliman’s market analysis platform for personal residential and now flood insurance.

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, these pensions experienced a $3 billion drop in funded status due to a decrease in the benchmark corporate bond interest rates used to value pension liabilities. The monthly discount rate fell six basis points from 4.11% in July to 4.05% as of August 31. The projected benefit obligation (PBO) for these plans increased by $12 billion during this time period, while the market value of assets rose by $9 billion thanks to August’s strong investment gains of 0.85%. The funding ratio for the Milliman 100 PFI dipped slightly during the month from 93.5% to 93.3%.

Seattle—Milliman, Inc., one of the premier global consulting, actuarial, and benefits administration firms, today announced it has added the International Brotherhood of Electrical Workers (IBEW) Local Unions Savings and Security Plan as a defined contribution client. The multi-employer plan includes more than 30 locals of the IBEW primarily in the Telecommunications Department. The plan has more than $650M in assets with participants in 48 states.

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, these pensions experienced a $12 billion increase in funded status due to robust investment returns of 1.15% for the month. Assets increased by $13 billion in July, with the PFI deficit falling from $120 billion to $108 billion, while pension liabilities increased by $1 billion due to a slight dip in the benchmark corporate bond interest rates used to value pension liabilities. The funded ratio climbed from 92.7% at the end of June to 93.4% as of July 31, the highest it’s been in a decade.

Seattle—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 second 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.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the 2018 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, these plans experienced a $23 billion loss in funding, largely due to a lackluster asset performance of 0.70% in aggregate. The plans earned approximately $45 billion for the quarter, below assumed investment returns reflected in liability calculations. This shortfall is exacerbated by $28 billion flowing out of the plans, as benefits paid out exceeded contributions coming in from employers and plan members. The PPFI funding ratio dipped slightly from 71.4% in Q1 2018 to 71.2% in Q2.

Seattle – Milliman, Inc., one of the premier global consulting and actuarial firms, today announced the appointment of Gary Setterberg to the position of Senior Managing Director, Global Higher Education Practice, and the creation of a multi-disciplinary practice dedicated to providing employee benefit and human capital advisory and strategic consulting services to higher education and academic medical system clients.

Istanbul—Milliman, Inc., a premier global consulting and actuarial firm, today announced that it is expanding to Istanbul amidst growing demand for Milliman’s consulting services in the region. The Istanbul office will specialize in actuarial and strategic consultancy services for non-life, life and private pension, health, and employee benefits. Halil Kolbaşı, an experienced actuary who has worked both in the Turkish Treasury and with Turkish life and casualty insurers, will head the new office. This will be Milliman’s 14th location in Europe.

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced the results of a new, independent analysis showing what a private flood insurance market could look like in New Jersey and New York. The study, which was conducted in collaboration with Risk Management Solutions, Inc. (RMS), modeled premiums for most single-family homes across the two states. It also analyzed the potential effect a private market could have on take-up rates – that is, the percentage of consumers eligible for flood insurance who then purchase it.

Seattle—Milliman, Inc., one of the premier global consulting and actuarial firms, today announced the expansion of its retirement administration practice, beginning with bringing together all defined contribution (DC) and defined benefit (DB) administration services nationwide. The unified structure and leadership allows Milliman to better serve existing clients and continue to expand services to a broader array of employers.