DFA Partners With Milliman

DFA Capital Management, a Purchase, N.Y.-based enterprise risk management (ERM) software provider, has announced that it will partner with Milliman, a Seattle-based consulting and actuarial firm, to offer a new joint solution for economic capital modeling to P&C insurers.

The joint solution will combine DFA's ADVISE advanced stochastic modeling software and GEMS economic scenario generator with Milliman's expertise and consulting experience. According to a press release, the solution will allow clients to obtain more predictive results from their economic capital models, enhance compliance with ratings agencies and regulatory requirements and provide greater insight into financial risks.

"By joining our complementary capabilities, we'll be able to both assess a property and casualty insurer's capital needs in the context of their appetite for risk, as well as help them invest their capital more effectively," Andrew P. Johnson, Milliman consulting actuary and casualty practice director said in a statement.