News from Milliman

• Milliman Pension Buyout Index December 2021

  21 December 2021

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

• Milliman names Dermot Corry next CEO

  15 December 2021

  Milliman, Inc., one of the premier global consulting and actuarial firms, today announced the election of Dermot Corry as the firm’s new chief executive officer.

• MBWL International wins European Pensions “Technology Provider of the Year” Award

  7 December 2021

  MBWL International, the leading independent alternative to the big three consulting firms for global pensions and employee benefits advice, is pleased to announce that it has won “Technology Provider of the Year” at the European Pensions Awards.

• Milliman analysis: Corporate pension funded ratio declines to 97.6% in November due to investment losses

  7 December 2021

  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 acquires Ruark Consulting, deepens analytic and benchmarking capabilities available to life insurers

  2 December 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the acquisition of Ruark Consulting, the platform and industry benchmark for principles-based insurance data analytics and risk management.

• Milliman analysis: COVID-19 drives decrease in individual disability income (IDI) sales in 2020

  29 November 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Individual Disability Income (IDI) Market Survey. The report, in its fourteenth edition, measures sales trends across 15 IDI companies, representing over 90% of the market. The survey also covers recent changes in underwriting and product design, the range of views that companies have on the current profitability of their business, and the favorable and unfavorable trends that can affect the long-term profitability of the IDI market.

• Milliman analysis: Default risk for U.S.-backed mortgages increases in Q2 2021, driven by fewer refinance loans, increased borrower risk

  19 November 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the second quarter (Q2) 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’s Arius introduces new API capabilities, streamlined diagnostic tools with latest reserving software release

  17 November 2021

  Milliman, Inc., a premier global consulting and actuarial firm, announced today that it has released the latest version of its Arius® insurtech solutions, a family of state-of-the-art reserve analysis systems for property and casualty insurers. This update provides significant enhancements to the systems’ analytical, reporting, and data management tools.

• Milliman analysis: Competitive pricing rate for pension risk transfer drops from 100.2% to 99.4% in October

  15 November 2021

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

• Milliman and Akur8 form strategic alliance to bring next generation pricing capabilities to P&C insurers, MGAs, and start-ups

  9 November 2021

  Akur8, the next generation insurance pricing solution, and Milliman, a premier global consulting and actuarial firm, are pleased to announce a strategic alliance to empower property & casualty (non-life) insurance carriers, start-ups, and MGAs with next generation pricing capabilities.

• Milliman analysis: Corporate pension funding inches closer to full funding, hitting 98.1% in October

  5 November 2021

  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 estimated 85.0%, stunning improvement from 70.7% a year prior

  25 October 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2021 Public Pension Funding Study (PPFS), which analyzes funding levels of the nation’s 100 largest public pension plans, including an independent assessment on the expected real return of each plan’s investments.

• Milliman analysis: Increased pension risk transfer activity leads to rise in pricing rate, to 102.7% in September

  22 October 2021

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

• Milliman announces Stephen H. Conwill Global Life and Financial Services Practice Director

  13 October 2021

  Milliman, Inc., one of the premier global consulting and actuarial firms, today announced the election of Stephen H. Conwill as the firm’s Global Life and Financial Services Practice Director.

• Milliman analysis: Corporate pension funded ratio holds steady at 97.3% in September

  11 October 2021

  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 costs remains level at 100.1% in August

  15 September 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the Pension Risk Transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.

• Milliman analysis: Corporate pension funded ratio climbs to 97.1% in August

  9 September 2021

  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 acquires SkySail Rx, enhances pharmacy data analytics capabilities

  7 September 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the acquisition of SkySail Rx, a pharmacy benefit technology firm that specializes in leveraging data for all aspects of pharmacy benefit pricing and contract management. The addition gives Milliman’s clients a more robust platform for managing pharmacy benefits and complements the firm’s existing suite of analytic tools.

• Milliman report: Life insurance new business growth in Asia stifled by pandemic

  31 August 2021

  Milliman today announced the findings of its annual study on reported year-end 2020 embedded value (EV) and value of new business (VNB) results for 51 major multinational and domestic life insurers across Asia.

• Milliman awards 25 Opportunity Scholarships in program’s fifth year

  26 August 2021

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

• Milliman analysis: Competitive pricing rate for pension risk transfer costs increases slightly to 100.1% in July

  25 August 2021

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

• Multiemployer pension plans funded at 92% in aggregate, according to Milliman

  17 August 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today released the 2021 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 HealthIO launches next-generation digital health platform, with enhanced capabilities to prevent and manage chronic conditions

  10 August 2021

  Milliman, Inc., a premier global consulting and actuarial firm, announced today that Milliman HealthIO launched its next-generation digital health platform, combining Milliman’s state-of-the-art predictive health analytics and HealthIO’s preventive health technology.

• Milliman analysis: Corporate pension funded status continues to slide in July

  9 August 2021

  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.

• Default risk for government-sponsored mortgages increases for first time since Milliman began tracking quarterly index

  4 August 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the first quarter (Q1) 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: Competitive pricing rate for pension risk transfer costs increases to 100.0% in June

  23 July 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the Pension Risk Transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.

• Milliman analysis: Public pension funding tops 80% for first time in over five years

  21 July 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today released the second quarter (Q2) 2021 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 experience funded status decrease for first time in 2021

  12 July 2021

  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.

• Swiss Re teams up with Milliman Appleseed to accelerate new entrants offering private flood insurance

  12 July 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today announced a new flood product available through its open advisory and rating organization, Milliman Appleseed.

• Recent sales of indexed universal life and variable universal life insurance outpaced those of universal life insurance according to annual Milliman survey

  8 July 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 14th annual Milliman study of universal life (UL), indexed universal life (IUL), and variable universal life (VUL) issues.

• Arius Enterprise recognized by InsuranceERM as “Cloud Technology Solution of the Year” in the Americas

  2 July 2021

  Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce that the firm’s Arius Enterprise® loss reserve analysis system has been recognized as the 2021 InsuranceERM Awards - Americas “Cloud Technology Solution of the Year.”



• Milliman unveils comprehensive suite of flood insurtech products to ease market entry for private insurers

  29 June 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today announced a new suite of flood insurtech products that offers a comprehensive solution for start-ups, carriers, and MGAs looking to enter the private flood insurance market.

• Milliman analysis: Competitive pricing rate for pension risk transfer costs decreases to 99.7% in May

  25 June 2021

  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 crawl toward ‘full funding’ in May, at 98.8% funded

  4 June 2021

  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 wins four international employee communication awards recognizing outstanding achievement in benefits communication

  2 June 2021

  Milliman won a 2021 Gold Quill Award in Human Resources and Benefits Communication from the International Association of Business Communicators (IABC) and three Hermes Creative Awards, sponsored by the Association of Marketing and Communication Professionals.

• Milliman Medical Index: Cost of healthcare for a family of four decreases for first time in report history, to $26,078 in 2020, but costs are projected to rebound in 2021

  27 May 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today released the 2021 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 pricing rate for pension risk transfer costs increases to 100.1% in April

  19 May 2021

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

• Western National chooses Milliman Datalytics-Defense as legal spend management solution, launching them to the forefront of AI for claims

  17 May 2021

  Milliman, Inc., the premier global consulting and actuarial firm, today announced that Western National Insurance has chosen Milliman Datalytics-Defense® as its platform for processing its defense cost invoices.

• Milliman analysis: April’s robust 2.30% investment returns boosts corporate pension funding despite drop in discount rates

  6 May 2021

  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: For U.S. mortgages, riskier cash-out refinance volume rises significantly in Q4 2020, exceeding $20 billion per month

  4 May 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the fourth quarter (Q4) 2020 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: Competitive pricing rate for pension risk transfer costs increase to 99.7% in March

  26 April 2021

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

• Milliman analysis: Public pensions’ funded ratio hits new high at 79.0% in Q1 2021

  19 April 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today released the first quarter 2021 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 near ‘full funding,’ with funded ratio up to 98.4% in March

  15 April 2021

  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.

• Milliman analysis: Despite global pandemic, corporate pension performance for FY 2020 improves slightly over FY 2019

  7 April 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2021 Corporate Pension Funding Study (PFS), which analyzes the 100 largest U.S. corporate pension plans.

• Milliman and The Helper Bees to offer innovative long-term care solution for aging-in-place payers and policyholders

  6 April 2021

  Milliman, Inc., one of the premier global consulting and actuarial firms, today announced that its Long-Term Care Advanced Risk Analytics (LARA) group has formed a strategic alliance with The Helper Bees, a care concierge program, to offer an innovative long-term care (LTC) solution to payers and plan sponsors.

• Milliman analysis: Competitive pricing rate for pension risk transfer costs drops to 99.3% in February

  16 March 2021

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

• Milliman to work with Resources Investment Advisors to introduce Morningstar advisor managed accounts to joint clients

  9 March 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today announced that it will work with Resources Investment Advisors to introduce Morningstar advisor managed accounts services to its joint clients and for new opportunities. Advisor managed accounts allow a plan’s registered investment advisor (RIA), such as Resources, to create personalized investment portfolios for participants through Morningstar Investment Management LLC’s technology platform.

• Milliman analysis: Corporate pension funded ratio climbs to 92.9% in February

  8 March 2021

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

• Milliman acquires McHugh Consulting Resources, expands insurance compliance expertise

  8 March 2021

  Milliman, Inc., the premier global consulting and actuarial firm, today announced the acquisition of McHugh Consulting Resources, Inc., a leading provider of outsourced insurance compliance and regulatory services.

• Milliman analysis: Competitive pricing rate for pension risk transfer costs rises to 99.6% in January

  25 February 2021

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

• 50+ global leaders to address the cascading effects of climate change at inaugural Milliman Climate Resilience Forum

  18 February 2021

  Milliman, Inc., one of the premier global consulting and actuarial firms, today announced a stellar line-up of over 50 influential leaders across business, government, academia, and not-for-profit sectors who will speak at the inaugural Milliman Climate Resilience Forum (MCRF), March 2 – 4, 2021.

• Milliman analysis: Multiemployer pension plans experience highest aggregate funding level since 2007

  17 February 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today released the 2020 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 adds SEIU 775 Secure Retirement Plan as a retirement services client

  17 February 2021

  Milliman, Inc., one of the premier global consulting, actuarial and administration firms, today announced it has added the SEIU 775 Secure Retirement Plan as a defined contribution client. The plan covers over 90,000 participants and over $150M in assets. The SEIU 775 Secure Retirement Plan is the first of its kind in the nation for home care workers, one of the fastest growing jobs in the United States, helping provide additional financial security for these essential, front-line heroes.

• Milliman’s Integrate® Solution Awarded Best Use of Cloud by Risk.net

  8 February 2021

  Milliman, Inc., one of the premier global consulting and actuarial firms, today announced that its flagship technology solution for life insurance, Integrate®, was awarded Best Use of Cloud in the Risk Markets Technology Awards 2021.

• Milliman analysis: Corporate pension funded ratio climbs to 89.8% in January

  5 February 2021

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

• Milliman analysis: Mortgage volume hits record high in Q3 2020 while default risk continues to drop

  4 February 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today announced the third quarter (Q3) 2020 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’s latest Arius release provides enhanced cash flow analysis to help actuaries with business planning and international reporting

  2 February 2021

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

• Milliman analysis: Competitive pricing rate for pension risk transfer costs drops to 99.1% in December, setting another record low

  28 January 2021

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

• AFM grants licence for investment services to Milliman Financial Strategies

  26 January 2021

  The Netherlands Authority for the Financial Markets (AFM) granted Milliman Financial Strategies B.V. (MFS) a licence for investment services at the end of 2020 (Article 2:96 of the Financial Supervision Act). MFS, with an execution platform in Chicago, London, Amsterdam and Sydney, manages financial balance sheet risks of pension funds and insurers worldwide. In 2018, due to the approaching Brexit, it was decided to serve the European clients of MFS from Amsterdam in addition to London. With the licence granted, MFS can continue to manage financial balance sheet risks for Dutch financial institutions, including pension funds.

• Milliman study: Insurers in Asia report steady embedded value growth amid COVID-19 pandemic

  26 January 2021

  Milliman, a premier global consulting and actuarial firm today released its annual ‘2020 mid-year embedded value results: Asia’ report. This update supplements the ‘2019 embedded value results: Asia’ report released in September 2020, and includes 2020 mid-year embedded value (EV) and value of new business (VNB) results posted by major multinational and domestic life insurers across Asia.

• Milliman analysis: Public pensions’ funded ratio soars to record-setting 78.6% in Q4 2020

  21 January 2021

  Milliman, Inc., a premier global consulting and actuarial firm, today released the fourth quarter 2020 results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans.

• Milliman announces Bret Linton as Global Employee Benefits Practice Director

  14 January 2021

  Milliman, Inc., one of the premier global consulting and actuarial firms, today announced Bret Linton has been elected as the firm’s Global Employee Benefits Practice Director.

• Milliman analysis: Corporate pensions end 2020 with funded ratio of 88.2%

  8 January 2021

  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.