Milliman, founded in 1947 by Wendell Milliman and Stuart A. Robertson, is an international actuarial and consulting firm headquartered in Seattle, Washington. It operates 59 offices worldwide with over 3,000 employees and is owned and managed by approximately 350 principals. The firm specializes primarily in consulting in employee benefits, healthcare, investment, life insurance, financial services, and property and casualty insurance sectors. Milliman also excels in data analysis and predictive analytics to support its consulting services.

Originally established as Milliman & Robertson, the company began focusing on assessing business risk and pension issues. Throughout the 1950s, it pioneered health insurance benchmarking tools for the U.S. healthcare market and expanded its service offerings to include annuities, employee benefit plans, and pensions. The firm’s first international presence was marked by opening an office in Tokyo in the 1990s, followed by other global expansions including assignments in China.

Milliman’s client base consists largely of insurance companies, reinsurers, financial services firms, investment banks, product distributors, insurance regulators, and law firms. The company offers specialized consulting services in capital management, enterprise risk management, financial risk management, litigation support, mergers and acquisitions, product development, and financial reporting.

The firm is noted for its advanced financial technology software tools such as MG-ALFA, MG-Hedge, and MG-Triton, which assist clients with risk management, pricing, reserving, and capital needs analysis under evolving regulatory frameworks. Milliman’s consultants provide expertise on political, economic, and demographic trends to support clients in strategic decision-making.

Overall, Milliman plays a critical role in evolving the insurance and financial services industry by delivering innovative actuarial consulting combined with comprehensive market and risk analyses. The company’s mission centers on improving healthcare systems, expanding insurance access, managing emerging risks, and advancing financial security globally.