Milliman, Inc., the international firm of consultants and actuaries announced today that its STEP SolutionsÂ® team is working with STA Group LLC (STA) to offer customers the ability to design, build and implement a next generation Long Term Care Claims processing platform. Milliman and STA will leverage the STEP-FAST technology developed by Milliman to provide a straight-through solution for the origination, issue, underwriting, claims and policy administration of insurance products. STEP-FAST is a unique technology platform that incorporates Millimanâs deep product and industry knowledge into its core architecture.
Milliman and STA will target the growing need for more efficient Long Term Care (LTC) claims processing. Increased LTC product complexity, a rapidly changing regulatory environment, inefficient claims processes, poor data and ineffective service have contributed to customer dissatisfaction and claims overpayment. Milliman and STA offer a solution that can be designed and implemented in large, complex, enterprise scale environments.