Corporate Overview

Milliman is a large international, independent actuarial

Actuarial science

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. Actuaries are professionals who are qualified in this field through education and experience...

 and consulting

Consultant

A consultant is a professional who provides professional or expert advice in a particular area such as management, accountancy, the environment, entertainment, technology, law , human resources, marketing, emergency management, food production, medicine, finance, life management, economics, public...

 firm, with revenues of $676 million in 2010. Founded in Seattle in 1947, by Wendell Milliman

Wendell Milliman

Wendell Milliman was a founder of Milliman, Inc., formerly Milliman & Robertson, one of the largest actuarial and business consulting firms in the world...

 and Stuart A. Robertson

Stuart A. Robertson

Stuart A. Robertson was co-founder, with Wendell Milliman, of Milliman, Inc., formerly Milliman & Robertson, which would grow to become one of the largest actuarial and business consulting firms in the world, encompassing more than 30 locations throughout the United States with offices in 16 other...

, 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

Investment

Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...

, life insurance

Life insurance

Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger...

 and financial services

Financial services

Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...

, and property

Property insurance

Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance. Property is insured in two main...

 and casualty insurance

Casualty insurance

Casualty insurance, often equated to liability insurance, is used to describe an area of insurance not directly concerned with life insurance, health insurance, or property insurance. It is mainly used to describe the liability coverage of an individual or organization's for negligent acts or...

. Clients include a spectrum of business

Business

A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...

, financial

FINANCIAL

FINANCIAL is the weekly English-language newspaper with offices in Tbilisi, Georgia and Kiev, Ukraine. Published by Intelligence Group LLC, FINANCIAL is focused on opinion leaders and top business decision-makers; It's about world’s largest companies, investing, careers, and small business. It is...

, government

Government

Government refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized...

, union

Trade union

A trade union, trades union or labor union is an organization of workers that have banded together to achieve common goals such as better working conditions. The trade union, through its leadership, bargains with the employer on behalf of union members and negotiates labour contracts with...

, education

Education

Education in its broadest, general sense is the means through which the aims and habits of a group of people lives on from one generation to the next. Generally, it occurs through any experience that has a formative effect on the way one thinks, feels, or acts...

, and nonprofit organizations.

History

In the late forties, actuary and insurance industry veteran Wendell Milliman

Wendell Milliman

Wendell Milliman was a founder of Milliman, Inc., formerly Milliman & Robertson, one of the largest actuarial and business consulting firms in the world...

 launched the first such consultancy in the Pacific Northwest. He was later joined by Stuart A. Robertson

Stuart A. Robertson

Stuart A. Robertson was co-founder, with Wendell Milliman, of Milliman, Inc., formerly Milliman & Robertson, which would grow to become one of the largest actuarial and business consulting firms in the world, encompassing more than 30 locations throughout the United States with offices in 16 other...

, and together they established Milliman & Robertson, Inc., which quickly developed into one of the nation’s most influential actuarial consulting firms.