General description of system
MG-ALFA is a financial projection system for insurance companies. It models both insurance liabilities and assets and offers full ALM functionality for integrated financial projections.
Functions performed
MG-ALFA is used for pricing, profitability analysis, ALM, stochastic analysis, embedded value, capital modelling, and ERM.
Specific Solvency II features
MG-ALFA is a robust ALM platform, offering stochastic projection and nested stochastic projection capabilities for fully integrated models. Nested stochastic functionality allows for the calculation and projection of stochastic capital values, such as those required by Solvency II.
Specifications
MG-ALFA is a desktop application that offers threading, distributed computing, and grid processing options. Business logic is open to the user and is written in an intuitive syntax that allows for ease of use and customization.
Licensing/sales/support
Yes.
Types of user
Users are typically actuaries within insurance companies.
Areas/countries with the most users
MG-ALFA has established client bases in the US, Japan, Korea, and Latin America. We are starting to grow our client bases in Europe and China.
Contact person and details
Brian Reid, FSA, MAAA
MG-ALFA Sales Director
Milliman, Inc.
brian.reid@milliman.com
860-535-0573 (US)
Channels:Software - IT
Companies:Milliman
