PR88016

SEATTLE, Feb. 9, 2021 /PRNewswire=KYODO JBN/ --

  -- Single-solution platform recognized by the Risk Markets

     Technology Awards for its cloud-native approach to managing all

     actuarial processes  

Milliman, Inc. (

https://c212.net/c/link/?t=0&l=en&o=3061667-1&h=2699392528&u=https%3A%2F%2Fus.milliman.com%2F&a=Milliman%2C+Inc

), one of the premier global consulting and actuarial firms, today announced

that its flagship technology solution for life insurance, Integrate(R), was

awarded Best Use of Cloud in the Risk Markets Technology Awards 2021. The

awards, organized by Risk.net, honor top achievements across market risk,

trading, and investment risk technologies.

Integrate represents a paradigm shift within the actuarial industry, delivering

a comprehensive SaaS-based approach to managing all aspects of the actuarial

value chain. Fully engineered to be cloud native, Integrate combines broad

functionality, professional services, and operational support into a single

platform.

"Insurance companies need faster, more detailed insights into their business

without the burden of skyrocketing costs, something that other systems – which

patch together various components – simply cannot provide," said Pat Renzi, a

principal at Milliman and CEO of the firm's Life Technology Solutions Group.

"Integrate was purposefully designed to deliver maximum flexibility and control

while providing continuous, scalable improvements across the entire actuarial

value chain. We're honored to be recognized in this year's Risk Market

Technology Awards for our strategic use of the cloud in addressing modern-day

actuarial needs."

Integrate allows customers to leverage technology to provide faster, more

reliable results. For example, in just the first three months of 2020 Integrate

processed more than 25 million hours running actuarial analysis in the cloud.

Integrate's holistic approach delivers:

     - Exceptional scalability for calculations and data analytics

       powered by Microsoft Azure

     - Automated and controlled end-to-end workflow for production cycles

     - Professional Services and Cloud Operations Support tailored to

       client needs

     - Robust support for complex regulations such as Solvency 2

       (standard formula and internal model risk distribution

       calculations), IFRS 17, PBR and LDTI

Winners of the Risk Market Technology Awards take part in a lengthy judging

process that includes evaluation of pitch documents, off-the-record meetings

and a comprehensive due diligence phase. Read more about Risk.net's decision in

awarding Integrate Best Use of Cloud here (

https://c212.net/c/link/?t=0&l=en&o=3061667-1&h=3591300434&u=https%3A%2F%2Fwww.risk.net%2Fawards%2F7738906%2Frisk-markets-technology-awards-2021-milliman&a=here

).

Integrate is a trademark of Milliman, Inc., registered in the U.K., France, and

the U.S.

About Milliman

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.

CONTACT: Charisa McNair, Milliman, Inc., Tel: ++1 646 473 3113 ,

charisa.mcnair@milliman.com