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