MAPS Releases Newest Life Settlement Pricing Model
NEW YORK – Model Actuarial Pricing Systems (MAPS), formerly Milliman Pricing Software, released MAPS 9.1, the latest version of its widely used and highly regarded life settlement pricing model.
MAPS 9.1 will be made available to all new and existing MAPS customers. It introduces entirely new software architecture and many important new capabilities including:
- Premium projection decoupled from pricing projection date
- Pricing based on separate discount rates for premiums and benefits
- New IRR at death report
- Whole life dividends greater than premiums applied to benefits
- Enhanced threshold options (percent of face, combined threshold options)
- Policy loan modeling enhancements
- Enhanced user input premium options
“I am very excited to be making our first new release as MAPS. MAPS 9.1 has been extensively reviewed, tested and approved by Milliman, Inc., with whom we continue to maintain a strong working relationship. As we continue to upgrade and improve our software, we look forward to ongoing input from both Milliman and our customers.” said Robert D’Andrea, President of MAPS.
MAPS’ new software architecture will enable customers to more efficiently access data and analytical engines for other purposes such as integrating cash flow and pricing results into other systems. It will also enable MAPS to introduce new products and functionality to customers on a more frequent and timely basis.
