Milliman Announces New Long Term Care Claims Management Initiative

17 March 2008

Milliman, Inc., the international firm of consultants and actuaries announced today that its STEP Solutions® 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 Milliman’s 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.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development