Article
16 February 2026 - by Lucy Ouyang, James Stoltzfus, Valea Fredrickson-Coyne, Ken Qian, Florin Ginghina, Fiona Ng, Tushar Mittal, George Zumanu, Emmanuel Boamah, Jie-Hee Park, Daniel Maka
Structured credit is no longer a niche allocation for life insurers — it’s becoming core to SAA strategy.
Article
10 February 2026 - by Fiona Ng, James Stoltzfus, Michael Graney, Ashlyn Phipps, Wisdom Aselisewine, Ashleigh Sandrock
Since 2020, rising inflation and increasing Treasury rates—now at their highest levels since before the 2008 recession—have prompted insurers to adjust their asset allocations, taking advantage of improved yields from safer private and fixed-income asset classes.
Article
10 December 2025 - by Mike Bergerson, Robert Eaton, Nicole Gaspar, Jordan Olds, Joe Neary, Juliet Spector, Jeff Anderson, Anders Hendrickson, Joe Long, Annie Gunnlaugsson, Fiona Ng, Lucy Ouyang, James Stoltzfus
In this issue, we highlight key initiatives, research, and upcoming studies from Milliman’s LTC consultants, including enhancements to our LARA platform, the impact of post-pandemic experience on LTC insurance, and the next iteration of our Milliman Long-Term Care Guidelines (Guidelines).
Article
19 December 2024 - by Fiona Ng, James Stoltzfus, Susan Tan, Michael Graney, Ashlyn Phipps, Wisdom Aselisewine, Ashleigh Sandrock
U.S. life insurers continue to search for yield, according to our latest review of asset allocation and investment strategies.
Article
18 November 2021 - by Ram Kelkar, Fiona Ng, Michelle Shen, James Stoltzfus
On average, we expect the C-1 amounts to increase in the range of 5% to 20%.
Article
26 October 2021 - by Mike Bergerson, Andrew Dalton, Andrew Duxbury, Robert Eaton, James Stoltzfus
The Society of Actuaries Research Institute retained Milliman, Inc. (Milliman) to conduct a survey on the impact of COVID-19 on long-term care (LTC) insurance mortality, voluntary lapse, and morbidity experience.
Article
23 March 2021 - by Robert Eaton, James Stoltzfus, Andrew Dalton, Mike Bergerson
The Society of Actuaries (SOA) retained Milliman, Inc. (Milliman) to conduct a survey on the impact of COVID-19 on Long-Term Care (LTC) insurance mortality, voluntary lapse, and morbidity experience.
Article
29 December 2020 - by Michael Graney, Fiona Ng, Ashleigh Sandrock, James Stoltzfus, Susan Tan
With earnings under pressure, the search for investment yields continues to be a big challenge faced by U.S. life insurers, and it will continue to be one of the most important focuses in the years to come.
Article
24 November 2020 - by Mike Bergerson, Andrew Dalton, Robert Eaton, James Stoltzfus
This report presents the results of Milliman's survey of long-term care (LTC) insurance companies pertaining to the potential impact of COVID-19 on LTC business,
Article
28 June 2016 - by Fiona Ng, Ashleigh Gaffney, JiaJia Li, James Stoltzfus, Susan Tan
The search for investment yields continues to be a big challenge faced by U.S. life insurers.