News from Milliman
- Milliman awards 14 Opportunity Scholarships in program’s eighth year
19 December 2024
Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce the 2024 recipients of its Opportunity Scholarship program.
- Milliman analysis: Competitive pension risk transfer costs remains level at 101.2% during November
19 December 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
- Milliman analysis: Corporate pension funded status improves by $5 billion in November
9 December 2024
Milliman PFI funded ratio rises to 103.5% after market gains offset falling discount rates
- Milliman analysis: Competitive pension risk transfer costs decrease from 101.7% to 101.2% during October
21 November 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
- Milliman analysis: Public pension funded ratio slips to 81.2% in October after first month of market declines since April
20 November 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
- Milliman analysis: Corporate pension funded status improved in October due to discount rate increases
7 November 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
- Milliman wins “Climate and sustainability consultancy of the year” in 2024 InsuranceERM Awards
31 October 2024
Milliman, Inc., a premier global actuarial, consulting, and risk management firm, today announced that the firm has won “Climate and sustainability consultancy of the year” in the 2024 InsuranceERM Climate Risk & Sustainability awards.
- Milliman analysis: Competitive pension risk transfer costs increase from 100.8% to 101.7% during September
21 October 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
- Milliman Appleseed to file CARFAX Vehicle Risk Scores with state insurance regulators
17 October 2024
Milliman, Inc., the premier global consulting and actuarial firm, is providing auto insurers with access to CARFAX Vehicle Risk Scores as part of its Appleseed product.
- Milliman analysis: Public pension funded ratio rises to 82.8% in September after fifth straight month of market gains
15 October 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
- Milliman appoints new Head of Technology Solutions in Asia
11 October 2024
Milliman, a premier global consulting and actuarial firm, today announced the appointment of Sherry Du as Director, Head of Technology Solutions, Greater Asia Life, based in Hong Kong.
- Milliman analysis: Corporate pension funding falls for second straight month in September after discount rates drop 14 basis points
7 October 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
- Milliman announces leadership transition as Chair of the Board Ken Mungan reaches end of 10-year term
25 September 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced an upcoming transition in leadership.
- Milliman analysis: Public pension funded ratio rises to 82.0% in August after fourth straight month of market gains
20 September 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
- Milliman Giving Fund grant strengthens Navajo communities
17 September 2024
Milliman, Inc., a premier global consulting and actuarial firm, announced today that the Milliman Giving Fund awarded a grant to Partners in Health (PIH) and their nonprofit partner Community Outreach and Patient Empowerment (COPE), who works across Navajo Nation.
- Milliman Giving Fund expands access to clean water and hygiene
17 September 2024
Milliman, Inc., a premier global consulting and actuarial firm, announced today that the Milliman Giving Fund has awarded a grant to Splash International.
- Milliman analysis: Competitive pension risk transfer costs decrease from 102.5% to 100.8% during August
13 September 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
- Milliman analysis: Corporate pension funded status suffers 2024’s largest monthly drop in August
10 September 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
- Milliman introduces Candidly student loan certification for retirement plans
10 September 2024
Milliman, Inc., a global consulting, actuarial, and benefits administration firm, today announced the introduction of a student loan certification solution for its 401(k) recordkeeping clients through Candidly.
- Milliman analysis: Q2 2024 mortgage default risk increases slightly for GSE acquisitions
3 September 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the second quarter (Q2) 2024 results of the Milliman Mortgage Default Index (MMDI), which shows Milliman’s latest monthly estimate of the lifetime serious delinquency rates (180 days +) of U.S.-backed mortgages.
- GLWB utilization behavior impacted by SECURE Act, recent Milliman Variable Annuity Industry Experience Studies show
22 August 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the results of its two 2024 Variable Annuity Industry Experience Studies, which analyze policyholder behavior across 22 companies spanning 16 years.
- Milliman analysis: Competitive pension risk transfer costs climb from 100.3% to 102.5% in July
20 August 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
- Milliman analysis: Multiemployer pensions reach highest aggregate funding level since 2007
15 August 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the midyear 2024 results of its Multiemployer Pension Funding Study (MPFS), which analyzes the funded status of all multiemployer defined benefit (DB) pension plans in the United States.
- Milliman launches Milliman Connect to unify data and systems for group and worksite insurers
12 August 2024
Milliman, Inc., a premier global consulting and actuarial firm, is proud to announce the launch of Milliman Connect, a groundbreaking solution designed to seamlessly integrate disparate data and systems across insurers.
- Milliman analysis: Corporate pension funded status unchanged in July after market gains offset drop in discount rate
5 August 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
- Milliman acquires Pluritem Health, announces availability of real-time clinical data platform for advanced analytics
1 August 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the acquisition of Pluritem Health, the next generation clinical data platform.
- Milliman, in collaboration with CalChiefs, launches phase two of wildfire data commons initiative with support from the Gordon and Betty Moore Foundation
31 July 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced that the firm, in conjunction with the California Fire Chiefs Foundation (CFCF), was awarded a Moore Foundation grant to support the development of a Wildland-Urban Interface (WUI) Data Commons.
- Milliman Estimates PFAS Liability for Water District Remediation at $120-175 Billion
29 July 2024
Milliman, Inc., a premier global consulting and actuarial firm, has released a groundbreaking estimate of the economic liability associated with the remediation of perfluoroalkyl and polyfluoroalkyl substances (PFAS) in U.S. water districts.
- Milliman Retiree Health Cost Index: A 65-year-old couple needs $395,000 in savings for healthcare in retirement
24 July 2024
Milliman, Inc., a premier global consulting and actuarial firm, recently released its 2024 Retiree Health Cost Index which projects how much money, on average, a healthy 65-year-old can expect to spend on healthcare costs in retirement.
- Milliman introduces Hueler Income Solutions® Think IncomeSM program for retirement plans
23 July 2024
Milliman, Inc., a leading global consulting, actuarial, and benefits administration firm, announced today the introduction of a guaranteed lifetime income option for its 401(k) recordkeeping clients through Hueler Income Solutions® Think IncomeSM.
- Milliman study: Increase in Embedded Value and Value of New Business across most Asian markets in 2023
23 July 2024
Milliman, a premier global consulting and actuarial firm, today released its annual 2023 embedded value results: Asia report which includes 2023 embedded value (EV) and value of new business (VNB) results disclosed by major multinational and domestic life insurers across Asia Pacific.
- Milliman analysis: Competitive pension risk transfer cost decreases from 100.7% to 100.3% in June
19 July 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
- Milliman analysis: Public pension funded ratio rises to 79.9% in June, in second month of growth
17 July 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
- Milliman analysis: Corporate pension funded status sees sixth straight month of improvement in June
9 July 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
- Milliman launches enhanced Healthy Financial Outcomes financial wellness experience for retirement plans
18 June 2024
Milliman, Inc., one of the premier global consulting, actuarial, and benefits administration firms, announced today that it has launched an enhanced financial wellness experience for participants in Milliman-administered retirement plans.
- Milliman analysis: Competitive pension risk transfer costs inches down in May, from 100.9% to 100.7%
18 June 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
- Milliman analysis: Public pension funded ratio rebounds to 79.4% in May after strong market returns
17 June 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
- Milliman Receives Top Honors in InsuranceERM Americas Awards 2024
17 June 2024
Milliman, Inc., a leading global consulting and actuarial firm, is delighted to announce that it has taken top honors in two categories in the InsuranceERM Americas Awards 2024 for its comprehensive cloud-based actuarial modeling and reporting solution, Milliman Integrate®.
- Milliman analysis: 2024 Q1 mortgage default risk increases slightly due to projected home appreciation decrease
12 June 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the first quarter (Q1) 2024 results of the Milliman Mortgage Default Index (MMDI), which shows Milliman’s latest monthly estimate of the lifetime serious delinquency rates (180 days +) of U.S.-backed mortgages.
- Milliman wins international award for outstanding achievement in digital benefits communication
11 June 2024
The International Association of Business Communicators (IABC) recognizes Milliman with a 2024 Gold Quill Award.
- Pension Funding Index June 2024
10 June 2024
Milliman 100 PFI funded ratio rises to 103.4% as of May 31 thanks to 2024’s best monthly returns.
- Milliman Opens Modelling Excellence Center in Madrid
10 June 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the creation of a Modelling Excellence Center in Madrid, Spain.
- Milliman analysis: Competitive pension risk transfer costs increases from 100.3% to 100.9% in April
23 May 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
- Milliman Medical Index estimates 2024 cost of healthcare for American individual is $7,151; cost for family of four is $32,066
21 May 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the release of the 2024 Milliman Medical Index (MMI), which measures healthcare costs for Americans covered by a typical employer-sponsored health insurance plan.
- Milliman analysis: Public pension funded ratio slips to 77.6% in April after market declines
20 May 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
- Milliman analysis: Corporate pension funded ratio rises to 103.4% in April despite investment losses
13 May 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
- Milliman analysis: Competitive pension risk transfer costs decreases from 102.1% to 100.3% in March
26 April 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
- Milliman analysis: Public pension funded ratio rises to 79.7% in March, reaching highest mark in two years
19 April 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
- Milliman analysis: Corporate pension funded status rises to 105.6% at end of March
4 April 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
- Milliman named “Best in Class” defined contribution recordkeeper
1 April 2024
Milliman, Inc., one of the premier actuarial, consulting, and benefits administration firms, is pleased to announce that it has been recognized by PLANSPONSOR as a 2024 Best in Class defined contribution (DC) recordkeeper.
- Milliman analysis: Public pension funded ratio rises to 78.6% in February, highest recorded level since May 2022
22 March 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
- Milliman awards 20 Opportunity Scholarships in program’s seventh year
21 March 2024
Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce the 2023 recipients of its Opportunity Scholarship program.
- Milliman analysis: Competitive pension risk transfer costs increase from 101.8% to 102.1% in February
15 March 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
- Milliman’s 2023 Fixed Index Annuity Industry Experience Studies show 36% increase in exposure to rising interest rates for contracts without a GLWB
11 March 2024
The studies and the included Recon® platform helps annuity companies better manage risks.
- Milliman analysis: Corporate pension funded status continues to climb, hits 104.9% at end of February
8 March 2024
Rising discount rates offset bond underperformance for Milliman 100 PFI plans.
- Milliman to become first global actuarial consulting firm to open office in Pakistan
7 March 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced that it will open an office in Karachi, Pakistan.
- Milliman wins three InsuranceERM UK & Europe Awards 2024
4 March 2024
Milliman, Inc., a premier global consulting and actuarial, is pleased to announce the firm has won three InsuranceERM Europe & UK Awards 2024 for its innovative insurance risk management solutions and programs.
- Milliman survey of fixed indexed and multi-year guaranteed annuity writers finds high lapse rates in 2023, adjustments to dynamic lapse formulas
29 February 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the findings of a new survey that explored dynamic lapse adjustments for annuity writers in the face of rising interest rates.
- Milliman analysis: Public pension funded ratio dips to 77.7% after flat January returns
27 February 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
- Milliman analysis: Competitive pension risk transfer costs increase from 100.5% to 101.8% in January
23 February 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
- ARC Ltd. and Milliman Award Scholarships to Empower Africa's Next Generation of Climate Change Leaders
21 February 2024
Five exceptional African students are set to become sustainability changemakers as the first recipients of fully funded climate change scholarships from African Risk Capacity (ARC) Limited and Milliman Inc.
- Milliman analysis: Multiemployer pension funding at 89% in aggregate at year-end 2023
21 February 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the 2023 year-end results of its Multiemployer Pension Funding Study (MPFS), which analyzes the funded status of all multiemployer defined benefit pension plans in the United States, based on data and assumptions from these plans’ latest Form 5500 filings.
- Milliman analysis: Corporate pension funded status climbs to 103.1% at end of January
7 February 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
- The Society of Actuaries and Milliman announce completion of Climate Change Risk Certificate Program
6 February 2024
The Society of Actuaries (SOA) and Milliman today announced the completion of the first certificate program focused on measuring and managing climate risk for actuaries.
- Milliman analysis: Competitive pension risk transfer costs decrease from 101.8% to 100.5% in December
31 January 2024
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
- Milliman analysis: Public pension funded ratio rises to 78.2% at end of December, the highest level of 2023
25 January 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans.
- Milliman analysis: Corporate pensions close 2023 at 102.1% funded, second straight year-end with a surplus
8 January 2024
Milliman, Inc., a premier global consulting and actuarial firm, today released the year-end results of its Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
- Skyward Specialty chooses Milliman Datalytics-Defense for its AI-enabled legal spend insights
3 January 2024
Milliman, Inc., the premier global consulting and actuarial firm, today announced that Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) ("Skyward Specialty"), a leader in the specialty property and casualty (P&C) market, has chosen Milliman Datalytics-Defense® as its platform for processing its defense cost invoices.