Milliman
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Actuarial, Consulting | |
Industry |
Actuarial Management consulting Insurance Human Resources Professional Services |
Founded | 1947 |
Headquarters | Seattle, Washington, U.S. |
Key people |
Stephen A. White, President and CEO Ken Mungan, Chairman |
Products |
Professional Services Consulting |
Revenue | $676M (2010)[1] |
Number of employees | 2,500[2] |
Website | www.milliman.com |
Milliman, formerly Milliman & Robertson, is a large international, independent actuarial and consulting firm, with revenues of $676 million in 2010. Founded in Seattle in 1947, by Wendell Milliman and Stuart A. Robertson, the firm operates 54 offices worldwide with 2,500 employees, including more than 1,300 consultants and actuaries. Milliman is owned and managed by approximately 350 principals.
Milliman's primary business include consulting practices in employee benefits, healthcare, investment, life insurance and financial services, and property and casualty insurance. Clients include a spectrum of business, financial, government, union, education, and nonprofit organizations.
History
In the late 1940s, actuary and insurance industry veteran Wendell Milliman launched the first such consultancy in the Pacific Northwest. He was later joined by Stuart A. Robertson, and together they established Milliman & Robertson, Inc., which quickly developed into one of the nation’s most influential actuarial consulting firms.