Risk.net
01 Feb 2021
Pat Renzi, Milliman
In response to increasing demand from insurers for a comprehensive system covering all aspects of the actuarial value chain, Milliman re-engineered its MG‑ALFA actuarial software to create Integrate, a software-as-a-service solution fully engineered for the cloud that combines broad functionality, professional services and operational support.
The single platform supports not only actuarial calculations but also front-end data management consistent with the calculations, as well as governed and controlled end-to-end processing of complex workflows, scalable and low-risk computing, and fast and easy-to-use back-end reporting and data visualisation.
Integrate operates on Microsoft’s Azure cloud. The scale of the computational demand from clients requires Integrate to schedule jobs across the globe. This multiregion approach guarantees the solution can meet regulatory timelines in light of regional availability issues, as seen earlier this year with Covid-19. In response to the exceptional demands on Azure as a result of responses to the Covid-19 pandemic, Milliman made improvements to Integrate that optimise which regions it uses. It distributes to regions with spare capacity and ensures clients are able to run all models without capacity issues, into many million hours in the cloud.