NU Online News Service, May 1, 2003, 6:42 p.m. EDT – Milliman USA, Seattle, an actuarial firm, has acquired the insurance actuarial software practice from International Business Machines Corp., Armonk, N.Y.
The unit develops the Triton System valuation software for the life insurance industry as well as lost-reserving software for the property-casualty insurance industry.
Insurers can use the Triton software to calculate the value of their liabilities.