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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