Financial Projection Software offers direct Excel reporting.July 22, 2010 -
MG-ALFA® v7.0 delivers functionality for complete spectrum of actuarial modeling needs, from pricing and ALM projections to stochastic and nested stochastic analysis. While data model allows actuaries to define models using any and all data elements, security model is integrated with Windows® Active Directory and supports user groups with tiered access rights. UI incorporates Microsoft tools, fostering integration with third party applications and data sources.
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Original Press release
Milliman
1301 Fifth Avenue, Suite 3800
Seattle, WA, 98101-2605
USA
Milliman Releases MG-ALFA® Version 7.0
Industry Leading Tool Delivers Major Enhancements
SEATTLE -- Milliman, Inc., the international firm of consultants and actuaries, today announced a major new release of its MG-ALFA financial projection software. Significant enhancements to MG-ALFA 7.0 include:
-- A new user interface incorporating Microsoft's newest tools for providing a rich and efficient user experience
-- Expanded data model that delivers unlimited model flexibility
-- New security model integrated with Windows® Active Directory
-- Direct Excel reporting capabilities
-- Direct Excel table input capabilities
The new user interfaces continue the migration of the entire MG-ALFA system to a more modern platform, expanding functionality and opening opportunities for more streamlined integration with third party applications and data sources. The expanded data model allows actuaries to define models using any and all data elements to differentiate assumptions within the model. The new security model supports user groups with tiered access rights, and is controlled by the familiar and IT-friendly Active Directory structure.
The new Excel® integration delivers significant enhancements for both input and output. Tabular data can now be stored in Excel and read directly by the MG-ALFA system, and the new Excel reporting capabilities deliver complete flexibility in report design and presentation and allow for production reporting without moving through the system interface.
"Version 7.0 is the most significant release in our recent history," said Pat Renzi, MG-ALFA Global Practice Leader at Milliman, Inc. "The user interface enhancements build upon the complete rewrite of our underlying calculation engine that we recently completed, resulting in the most modern system on the market today. And the broad upgrades in this new version strengthen MG-ALFA's dominant position in the US and support our European expansion as the leading solution for C3 Phase III, Principles Based Reserves, and Solvency II."
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 52 offices in key locations worldwide. Milliman employs over 2,400 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
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