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June 27, 2008 - Financial projection software, MG-ALFAź v6.6, delivers functionality for complete spectrum of actuarial modeling needs, from pricing and ALM projections to stochastic and nested stochastic analysis. In addition to forward referencing formulas for ALM models, functionality supports for modeling equity indexed annuities as well as managing liability input data that varies by plan code. Software also offers capacities for variable annuity and unlimited liability projection.

Milliman Releases MG-ALFA® Version 6.6


(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)

Milliman
1301 Fifth Avenue, Suite 3800
Seattle, WA, 98101-2605
USA



Press release date: June 16, 2008

Industry Leader Continues Advances in Technology, Performance and Functionality

SEATTLE, June 16 -- Milliman, Inc., the international firm of consultants and actuaries, announced today that it has released the newest version of its MG-ALFA financial projection software. The major enhancements to the market leading software solution include:

-- ALM performance improvements reducing runtimes by as much as 20% -- Revisions to allow for forward referencing formulas for ALM models -- New variable annuity functionality to allow for profit solving across stochastic scenarios -- Enhancements for modeling equity indexed annuities -- A new option to allow for managing liability input data that varies by plan code

This release completes a multi-year initiative to enhance speed and capacity. The overall results of the initiative include:

-- Unlimited liability projection capacity (seriatim capacity for millions of policies) -- ALM projection capacity in excess of 200,000 liability model points and dynamic asset interaction -- Very significant reduction in run times in all processing modes -- Integration with four grid computing platform options

As for the future of MG-ALFA, Patricia Renzi, MG-ALFA Product Manager, explains that "Our efforts over the past several years have been focused on creating an efficient and complete platform to support the stochastic and nested stochastic calculations required under the emerging requirements such as PBA, IFRS, Solvency 2 and MCEV. With that now fully in place, we are focusing our development efforts on tools to facilitate analysis, audit, and reporting for these stochastic and nested stochastic projections, as well as the migration of our user interface and data model to the .Net platform. We are also adding options to integrate MG-ALFA as the stochastic valuation component within the enterprise IT infrastructure."

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, whose corporate offices are in Seattle, serves the full spectrum of business, financial, government, and union organizations. Founded in 1947 as Milliman & Robertson, the company has 48 offices in principal cities in the United States and worldwide. Milliman employs more than 2,000 people, including a professional staff of more than 900 qualified consultants and actuaries. The firm has consulting practices in employee benefits, healthcare, life insurance/financial services, and property and casualty insurance. For further information visit www.milliman.com.

CONTACT: Brian S. Reid, FSA, MAAA, MG-ALFA Sales Director, +1-860-535-0573, brian.reid@milliman.com
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