New offering supports liability-aware investment decisions in an increasingly complex environment

Milliman, Inc., a premier consulting and actuarial firm, today announced the expansion of its global life insurance asset-liability management (ALM) services with the introduction of an advanced strategic asset allocation (SAA) solution. Building on Milliman’s established actuarial and ALM capabilities—including its Integrate™ and Milliman Mind^® platforms— this expansion enhances how the firm helps insurers and their investment partners align investment strategy with liability and capital considerations.

As investment strategies and balance sheets become more dynamic and interconnected, insurers and asset managers need integrated approaches to decision-making. This requires moving beyond point-in-time static analyses toward a forward-looking view of how investment decisions shape liability, capital, and long-term value under different market conditions.

Differentiated by Milliman’s actuarial heritage and long-standing independence, the new offering bridges the ALM complexities faced by both life insurers and asset managers. By incorporating advanced liability insight into the investment conversation, insurers and asset managers can operate from a shared view of risk and value—improving transparency, strengthening coordination, and supporting more effective decision-making over time.

“One of the key challenges in today’s environment is recognizing just how dynamic insurance liabilities are within increasingly complex regulatory balance sheets,” said Sam Nandi, Milliman Life Practice Director. “A more continuous and disciplined approach to navigating those dynamics—and their impact on broader balance sheet outcomes — is critical for both insurers and asset managers to improve decision quality and support long-term value creation.”

The new solution combines asset and liability perspectives within a unified analytical framework to support scenario-based analysis across evolving market conditions and asset strategies. By connecting strategic asset allocation with forward-looking balance sheet considerations, life insurers and their partners can make more informed, value-oriented decisions.

Learn more about Milliman’s new SAA solution.

About Milliman

Milliman leverages deep expertise, actuarial rigor, and advanced technology to develop solutions for a world at risk. We help clients in the public and private sectors navigate urgent, complex challenges—from extreme weather and market volatility to financial insecurity and rising health costs—so they can meet their business, financial, and social objectives. Our solutions encompass insurance, financial services, healthcare, life sciences, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at milliman.com.

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As investment strategies and balance sheets become more dynamic and interconnected, insurers and asset managers need integrated approaches to decision-making.