SEATTLE, Dec. 15, 2014 /PRNewswire/ -- Milliman, Inc. today announced that the firm's cloud-based Integrate™ solution has been recognized as "Best Actuarial Modelling Software" in the 2014 Insurance Risk Awards. Integrate is the industry's first cloud modelling platform and builds off of MG-ALFA®, which has been a market leader in asset liability/modelling for more than 20 years.

"This award validates our unique approach to modelling, which is to empower actuaries with a robust cloud solution that allows them to focus on analysing results rather than building and maintaining models," says Pat Renzi, a principal with Milliman's Life Technology Solutions group. "Clients like Royal London and the Phoenix Group have chosen Integrate because it brings together all of their modelling needs in a nimble platform that lets actuaries focus on actuarial analysis."

Integrate is a revolutionary financial projection solution for the life insurance industry. Milliman reports its Integrate customers are gaining unprecedented speed and control in financial reporting amidst changing market dynamics and the demand of new regulations.

To see more about Milliman's award, go to http://www.milliman.com/insuranceriskawards/.

About Milliman

Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Milliman is a global firm of more than 3,000 employees, with over 55 total offices operating in all major markets across Africa, Asia, Australia, the Americas, Europe, and the Middle East. For more than 60 years, an attention to rigorous standards of professional excellence, peer review, and objectivity has made Milliman the leading independent actuarial firm. For further information, visit www.milliman.com.

About Integrate

Integrate enables a holistic approach to the actuarial modeling and financial reporting process—offering a streamlined solution in one actuarial system that balances flexibility and control. This automated modeling environment lets actuarial departments streamline work flow, collaborate across all aspects of model management, and efficiently govern the process and industrialize reporting to interested parties. For more information, visit http://us.milliman.com/Solutions/Products/Integrate/.

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SOURCE Milliman, Inc.