Arius from Milliman Introduces New API Capabilities, Streamlined Diagnostic Tools with Latest Version of Reservation Software

SEATTLE, November 17, 2021 / PRNewswire / – Milliman, Inc., a leading global actuarial and consulting firm, today announced the release of the latest version of its Arius^® insurtech solutions, a family of advanced reserve analysis systems for property and casualty insurers. This update brings significant improvements to the tools for analyzing, reporting and managing data from systems.

Arius® insurtech solutions is a family of advanced reserve analysis systems for property and casualty insurers

This release provides tools to help actuaries and insurance analysts more easily create and share statistical pieces across multiple projects, providing more consistent analysis and more effective management review. It also adds new reports to help users with Canadian and IFRS-17 reporting requirements.

In addition, the release includes new API features, additions to system role-based security options, and improved controls related to editing and managing data files, both in the Arius Enterprise system and in the Triangles on Demand data management solution.

Ken scalf, Head of Reservation Products at Milliman, said: “Our goal with Arius solutions is to take the burden of managing the overall reservation process off the shoulders of our customers, so that they can spend their valuable time helping and advise their business. efforts with additional measures to improve the overall efficiency and reliability of the actuarial reserve team. “

About the Arius family of solutions
The Arius solution set includes Arius Determinist, Arius Stochastic, Triangles on demand^®, and Arius Entreprise. Determinist Arius and Stochastic are stand-alone reserve analysis systems that eliminate the potential spreadsheet risk inherent in tools developed in-house by many teams of insurance actuaries. Triangles on demand (ToD) uses the latest cloud technology to instantly aggregate millions of loss and claims data records on the fly for review in Arius. Designed specifically for large insurance companies and self-insureds, Arius Company combines the Arius and ToD analytics system with sophisticated Microsoft Azure-based project, user and reporting management solutions to meet the additional efficiency and reliability demands of sophisticated reservation services. Milliman’s Benchmarks for variability of complaints provide benchmark statistics for comparison with an insurer’s own data, drawn from statistical analysis of 5,100 companies and over 30 years of activity. More information on the Arius solution suite is available at www.actuarialsoftware.com.

About Milliman
Milliman is one of the world’s largest providers of actuarial and related products and services. The firm has consulting practices in the areas of health, property and casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the world. For more information, visit milliman.com.

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