Milliman Updates Financial Projection Software

Milliman, Inc. has released the newest version of its MG-ALFA financial projection software.

MG-ALFA is financial projection software developed and supported by Milliman and used by life insurance and financial firms worldwide to perform financial projections. MG-ALFA supports a range of assets and liabilities and delivers functionality for a spectrum of actuarial modeling needs, from pricing and ALM projections to stochastic and nested stochastic analysis.

Major Enhancements

According to a press release, the major enhancements include:

  • Multiple performance improvements and options reducing runtimes by 15% to 65%
  • ALM capacity increase of 100%
  • Integration with Microsoft’s Windows Compute Cluster Server (WCCS)
  • Introduction of the new .Net interface for formula editing
  • Dashboard reporting option for stochastic pricing of variable annuity guaranteed benefits