Milliman Launches MG-ALFA® in the Cloud
SEATTLE, June 11, 2012 /PRNewswire/ — Milliman, Inc., the international firm of consultants and actuaries, today announced that MG-ALFA is capable of utilizing Windows Azure for on-demand processing. This represents a major step forward and a valuable feature as insurers look to expand computing capacity while controlling costs.
MG-ALFA Compute for Windows Azure, a proprietary computing component developed by Milliman in collaboration with Microsoft Corp., lets clients take advantage of a variable cost structure and gives them on-demand access to data centers with massive computing capacity. Running MG-ALFA on Windows Azure helps relieve insurers of the planning, management and fixed costs associated with building and maintaining on-site computing resources. Infrastructure, support, maintenance, and monitoring of the grid are all provided by Milliman.
According to Van Beach, MG-ALFA Product Manager, “MG-ALFA Compute for Windows Azure was created from the ground up for high volume actuarial computing. Our pilot companies are routinely running large scale models using 10,000 cores provisioned in six Windows Azure data centers around the globe. This solution provides a scalable and highly available grid environment.”
Scott Guthrie, Corporate Vice President, Windows Azure App Platform, from Microsoft says, “We are excited Milliman has chosen Windows Azure, just as it has been using Windows HPC Server since its inception. Moving MG-ALFA to the cloud is a great example of a scalable deployment on the leading edge of computing technology.”
MG-ALFA is financial projection software developed and supported by Milliman and used by leading life insurance and financial firms worldwide to perform financial projections. MG-ALFA supports a broad range of assets and liabilities and delivers functionality for the complete spectrum of actuarial modeling needs, from pricing and ALM projections to stochastic and nested stochastic analysis. MG-ALFA is uniquely positioned to meet emerging regulatory and accounting changes around the globe and offers grid computing solutions to deliver the speed and capacity necessary to meet emerging requirements in a practical timeframe
Milliman is among the world’s largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. For further information, visit milliman.com.
SOURCE Milliman, Inc.