Software performs financial projections.November 18, 2008 -
Integrating with Windows HPC Server 2008, MG-ALFAź v6.7 supports broad range of assets and liabilities and delivers functionality for complete spectrum of actuarial modeling needs, from pricing and ALM projections to stochastic and nested stochastic analysis. Program includes dynamic policyholder modeling options, support for equity indexed products, and cluster technology, which allows clients to create highly compressed, accurate models in automated manner.
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Original Press release
Milliman
1301 Fifth Avenue, Suite 3800
Seattle, WA, 98101-2605
USA
Milliman Releases MG-ALFAź Version 6.7
Industry Leader Delivers Exciting New Integration & Actuarial Technology
SEATTLE, Nov. 10 /-- 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:
-- Integration with Windows HPC Server 2008
-- Cluster modeling technology for assets, liabilities and stochastic scenarios
-- New dynamic policyholder behavior modeling options
-- Enhanced support for equity indexed products
The integration with Microsoft's high performance computing solution opens the door to other opportunities for MG-ALFA clients. Cray Inc. recently introduced the Cray CX1 supercomputer to the marketplace and chose to present MG-ALFA running on Windows HPC Server 2008 as its sample application at the Microsoft launch event. In addition, IBM and the Holland Computing Center are now offering hosted service options for MG-ALFA running on HPC 2008.
"Milliman is very proud to be the first actuarial system vendor to be integrated with Windows HPC Server 2008," said Pat Renzi, MG-ALFA product manager at Milliman Inc. "Our recent integration continues our history of success in delivering the speed and capacity of high-performance computing from Microsoft. In addition, MG-ALFA is a highly scalable application that is extremely easy to implement and integrate into the IT infrastructure of our insurance company clients."
In addition to the new HPC option, Version 6.7 introduces new actuarial functionality in the form of cluster modeling. MG-ALFA is the first projection system to leverage cluster technology to allow clients to create highly compressed, extremely accurate models in an efficient and automated manner, thereby facilitating stochastic and nested stochastic analysis across very large scenario sets.
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 48 offices in key locations worldwide. Milliman employs over two thousand people, with a professional staff of more than a thousand qualified consultants and actuaries, including specialists ranging from clinicians to economists. 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
CONTACT: Brian Reid, MG-ALFA Sales Director, +1-860-535-0573, brian.reid@miliman.com
Web Site: http://www.milliman.com/
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