Integrate - Milliman

Type of System

  • Asset/liability management
  • Capital modelling
  • Data management
  • Economic capital aggregation
  • Economic scenario generator
  • End-to-end ERM or Solvency II solution
  • Governance, risk, compliance
  • Internal/external reporting
  • Portfolio analysis/hedging
  • Risk Management
  • daily solvency monitoring
  • IFRS 17 reporting

Type of Platform

  • Cloud
  • Desktop-based
  • Web-based
  • Grid
  • SaaS

Most recent significant updates:

Over the past year, we have enhanced the platform around readiness for IFRS 17, Principle-based reserving, and enhanced capabilities for strategic asset analysis.

Additionally, the change management tools have been expanded to include management of configuration changes in addition to business logic changes, providing complete governance around model change.

Finally, we made significant improvements in the distributed computing capabilities of the system, providing the ability to automatically and intelligently scale resources to meet demand. 

Planned future enhancements:

Nested Projections

Flexible Yield Curve

Enhancing our tools to utilise Artificial Intelligence / Machine Learning tools

Storage optimizations for increasing performance and reducing cost of our big data platform

Further performance improvements for computations at scale

Improved re-investments 

Other Features

The offering facilitates

  • Curve-fitting
  • Least-squares Monte Carlo
  • Solvency II standard formula
  • Solvency II internal model

Integration with third-party or in-house systems?

We work with our clients and system providers as needed. For example, we incorporated Deloitte's XSG scenario generator into our end-to-end cloud computing process at Phoenix. Our IFRS 17 solution is designed such that we are agnostic to the system used to generate the policy cash flows feeding the IFRS 17 processes. 

Implementation and Costs

Typical implementation costs:

Implementation plans are structured based upon individual client needs.

How long does your software take to implement on site?

Depends on the intended use cases and the business complexity. It may range between several months for a pragmatic cash flow model of a simple fund to 2-3 years for a full end-to-end ERM solution covering a wide range of applications for a large group.

Key attributes of product:

Integrate is a single technology platform that enables a holistic approach to the actuarial modelling and financial reporting process, offering a streamlined solution that balances flexibility and control.

Features include:

Automated end-to-end workflow 

Governance and collaboration layer around changes to assumptions, code etc. 

Data management layer connecting steps of end-to-end process 

Scalable computing powered by Microsoft Azure 

Solvency II Standard Formula and Internal Model Risk Distribution calculations

Offered as Software as a Service, providing full support of the infrastructure, disaster recovery, back- up and recovery, and guaranteed reproducibility of results

Leading edge, fully integrated reporting solution 

Please name companies that use the system/solution:

The Phoenix Group, Royal London, 2 large US insurers