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What is Milliman Integrate?

Milliman Integrate is a comprehensive cloud-based platform designed to transform actuarial modeling and reporting, particularly within the life insurance industry. Expanding upon the principles of MG-ALFA, Integrate offers a groundbreaking method that merges advanced technology with specialized services and operational support. This unique combination empowers actuaries to efficiently navigate complex financial models, fostering scalability, reliability, and enhanced governance. The system supports a diverse range of asset types and insurance offerings, facilitating both instant valuations and sophisticated multi-dimensional forecasts. By unifying data, modeling, and reporting functions into one cohesive system, Integrate streamlines actuarial processes, enabling faster access to crucial insights essential for managing risks and seizing opportunities. Its cloud-based architecture ensures robust disaster recovery capabilities and seamless scalability, allowing organizations to swiftly adapt to evolving market needs. Furthermore, the intuitive interface and comprehensive collaboration tools significantly boost the overall productivity of the actuarial workflow while also promoting teamwork among users. In this way, Milliman Integrate not only enhances efficiency but also strengthens the strategic decision-making process within firms.

What is Facio?

Facio offers AI-enhanced software infrastructure specifically designed for specialty insurance organizations, including Managing General Agents (MGAs). Our cutting-edge platform, FacioMGA, supports the entire lifecycle of policies, which includes steps such as submission intake, risk assessment, underwriting, quoting, binding, policy issuance, endorsements, billing, commissions, compliance, reporting, renewals, and various integrations. Clients enjoy the flexibility to tailor products, rating criteria, eligibility requirements, workflows, documents, and permissions without the necessity of reengineering their technology for each program they implement. Furthermore, Facio supplies independent services that assist with surplus-lines tax and fee calculations, SIC/NAICS classification, sanctions screening, actuarial functions, and automated processes for addressing carrier declinations. Our innovative Org2vec technology creates a memory system founded on evidence that connects policies, contracts, financial records, assets, suppliers, cybersecurity protocols, and operational data. Alongside this, Facio Eigen offers a zero-trust control framework that rigorously enforces permissions, rules, approvals, and audit trails for decisions and actions enhanced by AI. Utilizing these sophisticated technologies allows organizations to optimize their workflows, improve compliance measures, and ultimately drive better business outcomes. The integration of these tools positions us as leaders in enabling a more efficient and compliant insurance sector.

Media

Media

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Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$65/mo./user + cloud
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Online Training

Company Facts

Organization Name

Milliman

Date Founded

1947

Company Location

United States

Company Website

integrate.milliman.com

Company Facts

Organization Name

Facio

Date Founded

1600

Company Location

United States

Company Website

www.facio.io

Categories and Features

Insurance

Not specified

Categories and Features

AI Insurance

Not specified

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