Milliman Introduces MG-ALFA(R) to the Life Insurance Industry in Italy

Financial Modeling Solution Meets Insurers' Needs in Solvency II and Risk Management Environment

MILAN, July 1, 2010 - Milliman, Inc., one of the premier global consulting and actuarial firms,
today announced that its leading financial modeling solution, MG-ALFA, is
available to Life Insurance professionals in Italy. The exceptional
calculation capabilities of MG-ALFA make it an indispensable tool for
insurers in today's Solvency II and ERM (Enterprise Risk Management)
environment.

In making the announcement, Martin Sher, Milliman's European MG-ALFA
Product Manager noted, "MG-ALFA will prove to be the missing link for life
insurance professionals here. As the insurance industry changes, companies
will need to perform much more sophisticated calculations and the number of
compute cycles required will increase by many orders of magnitude."

Ed Morgan, Milliman's Life practice director in Italy added, "Risk
Management, Solvency II, ALM and MCEV all require stochastic and fully
dynamic ALM models. MG-ALFA provides the speed and capacity to run advanced
analysis in real time, with even nested stochastic calculations possible.
This capacity is available, together with a full set of Italian liability,
asset and accounting functionality. This has already proved very valuable in
allowing key risk analyses on Italian Life business and, in particular,
segregated fund business, to be delivered to senior insurance company
management. These capabilities put MG-ALFA clients in Italy in an ideal
position to meet the challenges of Solvency II," Morgan concluded.

For more information on MG-ALFA and how it can assist insurers to price
new products, project earnings, or measure risk, speak with a Milliman
consultant. In Italy, contact Aldo Balestreri or Paola Luraschi at
+39-02-76-260-521. For MG-ALFA applications elsewhere in Europe, contact
Martin Sher in London at +44-207-847-1500.

About Milliman

Milliman is among the world's largest independent actuarial and
consulting firms. Founded in 1947 as Milliman & Robertson, the company
currently has 52 offices in key locations worldwide. Milliman employs over
2,400 people. The firm has consulting practices in life insurance and
financial services, healthcare, employee benefits, and property & casualty
insurance. Milliman serves the full spectrum of business, financial,
government, union, education and nonprofit organizations. For further
information, visit it.milliman.com/home/index.php.

Martin Sher, Milliman, Inc., +44-(0)20-7847-1500, martin.sher at milliman.com