Milliman Releases MG-ALFA® Version 7.2

SEATTLE, Jan. 12, 2011 /PRNewswire/ -- Milliman, Inc., the international firm of consultants and actuaries, announced that it has released MG-ALFA® Version 7.2., the second major update since delivery of Version 7.0 in July of last year.  Major enhancements since Version 7.0 include:

• New Flexible Index Tables for Efficient Data Entry
• New Projection Keys to Manage Multiple Assumption Sets Within a Single Model
• Enhancements to Manage Multiple Scenario Sets Within a Single Model
• Support for Single-Pass Calculation of Stochastic Reserves and Capital
• Principle-Based Reserve (VM20) Net Premium Reserve Support
• Barrie and Hibbert Scenario File Loader
• Enhanced Joint Life and Multi-Insured Support
• GMWB Support for EIA and EIUL
• Enhanced Premium Solve Capabilities
• Beta Support for Microsoft Azure®
• Numerous User Interface Enhancements

This release reaffirms Milliman's commitment to the timely delivery of content-rich releases.  Van Beach, MG-ALFA Product Manager noted, "We are excited about the broad enhancements that we have been able to deliver since releasing Version 7.0.  These represent the results of the new data model underlying MG-ALFA and our new development paradigm.  We have delivered both expanded actuarial functionality and new system capabilities that are really transformative and further enhance MG-ALFA as a production modeling platform."

Many of the enhancements in the last six months are focused on meeting the needs of client companies as they migrate toward the new financial reporting requirements of PBA, Solvency II and IFRS.  In 2011, development will continue to focus on these key regulatory drivers, as Milliman positions MG-ALFA as the superior actuarial projection solution globally.

About MG-ALFA

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 multiple grid computing solutions to deliver the speed and capacity necessary to meet all requirements in a practical timeframe

About Milliman

Milliman is among the world's largest independent actuarial and consulting firms.  Founded in Seattle in 1947 as Milliman & Robertson, the company currently has 54 offices in key locations worldwide.  Milliman employs over 2,500 people.  The firm has consulting practices in healthcare, employee benefits, property & casualty insurance, life insurance and financial services.  Milliman serves the full spectrum of business, financial, government, union, education and nonprofit organizations.  For further information, visit www.milliman.com

SOURCE Milliman

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED