Milliman, Inc

Milliman, Inc Company Profile

THE SCOOP

An independent streak

Seattle-based Milliman, Inc., is proud of its independence, never answering to outside ownership or influence. That kind of go-it-alone attitude has worked for the firm, whose clients seek it out for objective actuarial and consulting advice. Owned and managed by approximately 350 principals, the 2,800-plus-person firm, which has 57 offices spread across the globe, extends its services to businesses, government agencies, unions, educational institutions and nonprofit organizations alike.

Founded in 1947 by insurance industry veteran Wendell Milliman, who was later joined by an actuary named Stuart A. Robertson, Milliman & Robertson, Inc., mainly focused on pensions and assessing business risk. Although actuarial consulting remains a major Milliman focus-more than 1,300 of its employees are qualified consultants and actuaries-the firm has expanded its practice areas to include employee benefits, health care, investment, life insurance and financial services, and property and casualty insurance.

Pioneer days

Milliman has been a self-described "pioneer" in the retirement plan industry for the past 65-plus years. Services include defined contribution services (including administration), actuarial consulting, communications, compensation consulting, health and welfare consulting and administration, participant education and total retirement outsourcing, among other services. Clients working with Milliman's employee benefits experts also have access to the firm's proprietary tools, including its salary surveys, its Benefits Information and Knowledge Exchange (BIKE) database of news, source documents and benefits-related data, and its trademarked Milliman Actuarial Retirement Calculator (MARC), a pension administration system for the administration of defined benefit and cash balance plans.

Going global

In recent years, Milliman has made a concerted effort to grow both in and outside the United States, with a growing list of expansionist moves, such as the recent opening of a new office in Jakarta, Indonesia.

Going on record and online

Milliman consultants have embraced social media as a vehicle to share thought leadership on myriad client-related topics. Examples are always current at the firm's social media sites, including: www.retirementtownhall.com, www.healthcaretownhall.com, twitter.com/millimanhealth, and google.com/+milliman.

IN THE NEWS

December 2012

Milliman was recognized as the Microsoft Technical and High Performance Computing Partner of the Year for the cloud-based version of MG-ALFA developed with The Phoenix Group.

Milliman's MG-ALFA™ is a financial modeling and actuarial projection system for insurance companies used for product development and pricing, financial management, risk management analysis, and regulatory compliance. MG-ALFA was selected by The Phoenix Group to design and implement a web-based solution for workflow management, version management, and access to extensive compute-power.

MG-ALFA is the first actuarial system to use cloud computing (Microsoft Azure), allowing users to leverage virtually unlimited computing resources to perform compute-intensive, mission-critical work at a small fraction of the cost of owning and operating those data processing resources.

▲ Show Less▼ Show Full Description


Milliman, Inc


1301 Fifth Avenue
Suite 3800
Seattle, WA 98101
Phone: (206) 624-7940
Fax: (206) 340-1380
www.milliman.com

STATS


  • Employer Type: Private
  • President & CEO: Stephen White
  • 2013 Employees: 2,800

  • Employment Contact

    careers.milliman.com/home/index.php


  • Major Departments & Practices

    Employee Benefits

    Health Care

    Investment Consulting

    Life & Financial Services

    Property & Casualty

Major Office Locations

  • Seattle, WA (HQ)
    57 offices in North America, Latin America, Europe and Asia Pacific

Career Update Newsletter

Tips and tools to help you manage your ideal career.