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50+ global leaders to address the cascading effects of climate change at inaugural Milliman Climate Resilience Forum Free event includes speakers from the Council on Foreign Relations, AXA, World Bank, FEMA, Probable Futures, Bank of England, U.S. Committee on the Climate Crisis and others News provided by Share this article SEATTLE, Feb. 18, 2021 /PRNewswire/ --  Milliman, Inc., one of the premier global consulting and actuarial firms, today announced a stellar line-up of over 50 influential leaders across business, government, academia, and not-for-profit sectors who will speak at the inau...

Milliman adds SEIU 775 Secure Retirement Plan as a retirement services client Milliman retained to provide defined contribution services News provided by Share this article Share this article SEATTLE, Feb. 17, 2021 /PRNewswire/ -- Milliman, Inc., one of the premier global consulting, actuarial and administration firms, today announced it has added the SEIU 775 Secure Retirement Plan as a defined contribution client.  The plan covers over 90,000 participants and over $150M in assets. The SEIU 775 Secure Retirement Plan is the first of its kind in the nation for home care workers, one of the ...

Milliman's Integrate Solution Awarded Best Use of Cloud by Risk.net SEATTLE, Feb. 9, 2021 /PRNewswire/ -- Milliman, Inc., one of the premier global consulting and actuarial firms, today announced that its flagship technology solution for life insurance, Integrate , 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 aspe...

Share this article Share this article SEATTLE, Feb. 5, 2021 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In January, corporate pension funding improved by $39 billion thanks to a 16-point increase in the monthly discount rate, from December's 2.46% to 2.62% as of January 31. As a result, the funded status deficit dropped to $196 billion at month's end, the first time it has dipped below $200 billion in over a year. Meanw...

Share this article Share this article SEATTLE, Jan. 28, 2021 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the Pension Risk Transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer. During December, the average estimated cost to transfer retiree pension risk to an insurer remained flat, at 101.8% of a plan's total liabilities. This m...