Latest Wendell Milliman Stories
Milliman Medical Index indicates healthcare costs for a family of four increased by 6.3% in 2013 SEATTLE, May 22, 2013 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2013 Milliman Medical Index (MMI), which measures the healthcare costs for a typical American family of four receiving healthcare benefits through an employer-sponsored preferred provider organization (PPO) plan. The cost of care for this typical family...
New version prepares clients for principles-based reserves SEATTLE, April 1, 2013 /PRNewswire/ -- Milliman, Inc., the international firm of consultants and actuaries, today announced the release of Version 9.0 of the MG-ALFA system. This release provides full support for the requirements of VM-20, which is becoming a critical issue for insurers as the regulation moves closer to adoption. This release includes support for all three components of the VM-20 reserve calculation,...
Year-end discount rates fell to a record low of 4.02%, increasing pension funding deficits for the Milliman 100 companies by $61.1 billion and resulting in a record year-end deficit of $388.8 billion SEATTLE, March 25, 2013 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2013 Pension Funding Study, which analyzes the 100 largest US corporate pension plans. In 2012, these pension plans were once again defined by...
QualCare to use MedInsight for plan analytics and ACO strategy SEATTLE, Feb. 26, 2013 /PRNewswire/ -- Milliman, Inc., one of the premier global consulting and actuarial firms, today announced that QualCare, Inc. has implemented MedInsight® as its data warehousing and claim analytic platform. QualCare will use MedInsight to help with a variety of analytic reporting needs including health plan analysis and ACO reporting. "QualCare chose the MedInsight system from Milliman due to its...
SEATTLE, Jan. 7, 2013 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index, which consists of 100 of the nation's largest corporate defined benefit pension plans. In December, these pensions experienced a $54 billion increase in funded status based on a $46 billion decrease in the pension benefit obligation (PBO) and a $8 billion increase in assets. The $54 billion improvement in December follows...
SEATTLE, Dec. 12, 2012 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced the rollout of PlanAhead(TM), unique tools and targeted services to take employee retirement planning to the next level. Included in the suite of services is PlanAhead for Retirement®, a powerful participant web application that serves as a single destination for all of a participant's retirement planning and investing activities. This tool allows participants to...
SEATTLE, Nov. 15, 2012 /PRNewswire/ -- Milliman, a premier global consulting and actuarial firm, announced today that it has developed a marketing alliance with We Predict to bring advanced analytics capabilities to clients of both firms. We Predict has developed an automated warranty data analytics service called Indico. Indico uses actuarial mathematics to perform massive comparative parallel analyses, accelerating issue detection and demonstrating hidden savings. Simple data...
SEATTLE, Nov. 7, 2012 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans. In October, these pensions experienced a $45 billion decrease in funded status based on a $43 billion increase in the pension benefit obligation (PBO) and a $2 billion decrease in assets. The $45 billion decrease wipes out September's...
WASHINGTON, Oct. 15, 2012 /PRNewswire-USNewswire/ -- The American Academy of Actuaries announced the beginning of the terms of the three regular director members elected by its members in online balloting this past summer. Shari Westerfield, Katie Campbell, and Godfrey Perrott are now regular directors on the professional association's board of directors. They will serve three-year terms. (Logo: http://photos.prnewswire.com/prnh/20100322/AAALOGO) Westerfield is the senior actuary...
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...
