Product Evolution

1999

  • Milliman releases Version 1.0 of the STEP L&H Product
  • Annuity, Life and Combo focus with Proprietary Interfaces
  • Swiss Re becomes client via the Executive Life / Aurora Block

2004

Version 2.0 released with enhanced rules and product features

  • Acord becomes primary interface standard
  • Java Introduced as part of technology and rules

2006

Version 3.0 released: STEP External Web services and document management introduced

  • Full life-cycle management of LTC products on a modern Java platform
  • LTC and other long running claims calculator and provider management
  • Case Management capabilities

2008

  • Milliman approaches Dillon Kane for Technology guidance and partnership
  • STEP Solutions begins modernization of the Milliman STEP Platform
  • Product Strategy and Solution Architecture for modern STEP designed

2009

Version 3.1 released

  • Significant rule enhancements and Workflow introduced

2010

Version 3.2 released: Universal Life products added

  • Expansion to New Business, Admin, Claims and BI
  • Hannover Re expands relationship with Merica Product

2012

Version 4.0 released: Fully automated underwriting

  • Sophisticated underwriting engine with automated requirements management
  • Automated decisioning for Life products with additional insured, DI, Child, ADB, WOP and GIR riders

2013

Version 5.0 released: Underwriting Engine Rules Configuration Capabilities

  • Product Configurator enabled Policy Administration and Claims Workflow processing
  • Flexible Policy Accounting