Milliman MARC vs. Milliman

The Milliman Actuarial Retirement Calculator (MARC) acts as a comprehensive tool for managing pension plans, with a focus on delivering accurate and effective administration of defined benefit schemes. Initiated in 1991 by a talented group comprised of Milliman actuaries, retirement consultants, web developers, and IT specialists, MARC establishes a robust foundation for the calculation of pension benefits while ensuring the upkeep of vital administrative information. Its flexible architecture caters to multiple plan varieties and supports customizable options for calculations, reports, forms, data oversight, web interfaces, and workflow processes. By promoting participant engagement, MARC includes a user-friendly website that allows employees to access their personal data, engage in self-service activities such as adding beneficiaries, manage their forms and documents, communicate with plan sponsors, create pension projections, and conduct detailed retirement modeling. Furthermore, the tool not only simplifies the management of pensions but also significantly enriches the retirement planning journey for all involved, making it a valuable asset for both administrators and participants alike.

Insurance companies face a deluge of data, leading to a crucial question: how can they derive valuable insights from this information? Milliman leads the way in developing and implementing analytical tools that aim to improve decision-making, evaluate and manage risks, enhance predictive accuracy, and simplify complex processes. By leveraging state-of-the-art cloud technologies and innovative statistical techniques, we help you reveal significant insights hidden within your vast datasets. Our support extends to regulatory compliance for both property and casualty (P&C) and life insurance sectors. We offer expert assistance with actuarial aspects of financial examinations, rate filings, and models concerning catastrophic risks. Furthermore, we conduct thorough reviews of models for both P&C and life insurance, ensuring the validation of internal and external catastrophe models, which helps in reducing risk exposure and fostering better decision-making. Our robust modeling capabilities combined with our extensive international experience allow you to generate accurate and actionable financial forecasts and reports. We also analyze the potential effects of forthcoming regulatory changes on reserves and capital, helping you stay compliant in a rapidly changing environment. Ultimately, our collaborative approach equips clients with the confidence to tackle their specific challenges effectively while promoting a proactive stance toward risk management. This commitment to partnership ensures that you are not only prepared for current demands but also for future developments in the industry.