Milliman receives award for new platform

A cloud-based actuarial modelling and reporting platform designed to help insurers meet the Bermuda Monetary Authority's regulatory reporting regime.

Actuarial firm Milliman said ut had won the InsuranceERM Americas Awards 2023 for its platform, Milliman Integrate.

Milliman said it won an InsuranceERM award earlier this year for Integrate's capabilities helping insurers meet the Bermuda Monetary Authority's (BMA) regulatory reporting regime. "This latest award is further testament to the unmatched innovation and maturity of our cloud solutions," it said.

Milliman said Integrate was the first actuarial platform in the cloud and delivers a unique blend of customisable technology paired with real-world subject matter expertise and 24/7 operational support. The comprehensive solution brings together capabilities and scale, while giving actuaries access to tools that integrate data, calculations, reporting, data exploration and visualization, workflow, governance, and more.

Stephen Conwill (pictured), a Milliman principal and global practice director for Life and Financial Services said, "Milliman is proud to be recognized for the breadth and depth of its actuarial, risk management and technology expertise."