Enterprise Risk Management Technology Guide 2023

Milliman - Integrate

Type of System

  • Analytics
  • Asset/liability management
  • Capital modelling
  • Data management
  • Economic / risk scenario generator
  • Economic capital aggregation
  • Governance, risk, compliance (GRC)
  • IFRS 17 solution
  • Internal/external reporting
  • LDTI solution
  • Portfolio analysis/hedging
  • Reserving solution
  • Risk management
  • Solvency II solution
  • Stress and scenario testing
  • Stress testing

Type of platform

  • Cloud
  • SaaS
  • Web-based

Other features - does your offering facilitate

  • Curve-fitting
  • IFRS 17
  • LDTI
  • Least-squares Monte Carlo
  • NAIC Principle-based reserving
  • Solvency II internal model
  • Solvency II standard formula

What are the typical implementation costs?

Implementation plans are structured based upon individual client needs.

How long does your software take to implement on site?

Implementation time depends on the intended use cases and the business complexity. It may range from several months for a pragmatic cash flow model of a simple fund, to two to three years for a full end-to-end solution covering a wide range of applications to support financial reporting and monitoring, as well as strategic management for a large group.

Please name companies that use the system/solution

Integrate is used by more than 100 companies worldwide.

Most recent significant update:

Over the course of the past year, we have delivered updates to provide comprehensive support for reporting Bermuda BEL and BSCR, as well as projected balance sheets, including CISSA. We have also significantly expanded our ALM and strategic asset analytics capabilities with support for a broader range of asset classes, new investment strategy options, including advanced key-rate duration algorithms. 

Finally, we have enhanced the change management capabilities to enable more efficient collaboration and change management for all aspects of the modelling process including data transformations and pipelines, model inputs, and calculations.

Planned future enhancements:

Our mission is to dramatically improve productivity of actuarial and risk teams through technology. Upcoming enhancements include:

  • Improve speed to insight.  Reduce the time it takes to configure models.  Reduce execution time.  Improve agility and nimbleness in analyses.
  • Increase the community of users.  Enable more stakeholders to ask more questions of the model and data.
  • Enhance the capabilities of the system to expand the breadth of problems that can be solved. With features to better model assets, capital, hedging, etc. more complex problems can be pursued.
  • We currently enable a highly automated production process and will continue to improve efficiency and scalability.  Reduce redundancy and streamline operations, especially for development and R&D/ad hoc use cases.
  • Improve collaboration, discoverability, and sharing of data and insights. With insights building on each other, exponential productivity gains are possible.

Through a combination of reducing time and effort, expanding capabilities, increasing the community of users, and capturing the exponential impact of shared knowledge, we are facilitating a dramatic shift from time spent on execution to time spent on analysis and insight.

How does your solution integrate with third-party systems or in-house systems?

We work with our clients and system providers as needed. For example, financial reporting processes, such as BSCR, IFRS 17 and LDTI are designed such that we are agnostic to the system used to generate the policy cash flows feeding the reporting calculation model. Additionally, we provide feeds to downstream systems processes and platforms, such as Oracle and SAP.

What is the key attribute of your product(s) that differentiates it from your competitors?

Integrate redefines the actuarial systems value chain by empowering actuaries and risk managers with more control over the entire end-to-end modeling and financial reporting process, including data management, data transformations, data visualisation, and workflow configuration and orchestration, all connected within a single platform. Integrate balances flexibility and control across all aspects of the process. It includes:

  • Scalable computing power 
  • Automated and controlled end-to-end workflow for production cycles, including automated data management and ETL processes connected to the modeling processes themselves.
  • Professional services and cloud operations support tailored to client needs.
  • Regulatory currency, including Solvency II, IFRS17, LDTI, and US PBR.


What trends are you seeing in terms of customer demand?

We are seeing increasing demand for comprehensive systems that provide a one-stop shop for all aspects of the actuarial value chain. There is a shift from focusing on the production reporting process to being able to leverage the models to manage the business more effectively.

Customers are seeking solutions not just for actuarial calculations; they are seeking solutions for front-end data management that is in alignment with their actuarial calculation engine; governed and controlled end-to-end processing of increasingly complex workflows brought about by emerging regulations; scalable and low risk computing capabilities; and back-end reporting and data visualisations capabilities that are fast and easy to use.

In the past, these components were patched together in a way that is very costly to maintain. Vendors able to provide a comprehensive system for the modern actuarial organisation will have an advantage over others who do not address the entire value chain.

Additionally, companies are realising the value of an actuarial partner who can deliver not just software and consulting, but also professional IT support, along with strict service level agreements, during business-critical financial reporting periods. This is especially true for the end-to-end actuarial SaaS systems that include actuarial data management.


Leverage technology for faster, more reliable information with Integrate. Get Milliman’s Integrate solution at integrate.milliman.com


Name: Pat Renzi

Tel: +1 646 473 3000

Email: [email protected]