Software provides financial projection solution.
Press Release Summary:
MG-ALFA® v6.5 integrates with Windows Compute Cluster Server and includes .Net interface for formula editing. Targeting life insurance and financial firms, it supports broad range of assets and liabilities and handles actuarial modeling needs, from pricing and ALM projections to stochastic and nested stochastic analysis. Dashboard reporting option is available for stochastic pricing of variable annuity guaranteed benefits.
Original Press Release:
Milliman Releases MG-ALFA® Version 6.5
Industry Leader Continues Advances in Technology, Performance and Functionality
SEATTLE, Nov. 5 / / -- 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:
o Multiple performance improvements and options reducing runtimes by 15
to 65%
o ALM capacity increase of 100%
o Integration with Microsoft's Windows Compute Cluster Server (WCCS)
o Introduction of the new .Net interface for formula editing
o Powerful dashboard reporting option for stochastic pricing of variable
annuity guaranteed benefits
Patricia Renzi, MG-ALFA Product Manager, observed "MG-ALFA Version 6.5 continues our commitment to remain the most powerful and most robust actuarial modeling solution in the industry. It represents a combination of technological advances and actuarial enhancements designed to surpass the requirements of our clients and consultants."
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 47 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.
Source: Milliman, Inc.
CONTACT: Brian S. Reid, FSA, MAAA, MG-ALFA Sales Director,
+1-860-535-0573, brian.reid@milliman.com
Web site: www.milliman.com/
