Insurance solutions
Analytics
Data-driven intelligence for insurers
Insurers are awash in data—the question is, how do you get value from it? Milliman is a leader in developing and applying analytics solutions to improve decision making, measure and manage risk, increase predictive accuracy, and automate complex tasks. Leveraging hyperscale cloud technology and innovative statistical approaches, we can help you discover powerful hidden insights.
Milliman analytics solutions
Regulatory assistance and model reviews
We handle regulatory assistance for both P&C and life insurance. Get help with the actuarial aspects of financial exams, rate filing, and model reviews related to catastrophic risk.
Model review and adjustment
We handle model review for both P&C and life insurance. Validate internal and third-party catastrophe modelling to reduce risk exposure and improve decision making.
Financial projections and reporting
With our sophisticated modelling tools and global expertise, we can help you create accurate, actionable financial projections and reporting. We help you understand the implications of pending changes on reserves and capital to ensure continuous compliance—and use data to make effective strategic decisions.
Capital and asset-liability modelling
Whether it’s asset strategies and optimisation, proxy modelling, or cluster modelling, our analysis is tailored to your needs, resulting in practical, actionable results. Our approach to risk management includes an emphasis on high frequency capital calculations, resulting in highly realistic assessments.
Experience analysis
We handle experience analysis in both the property and casualty and life insurance areas. Improve early identification of high-loss claims with advanced modelling methods. Gain maximum insight from existing claims data so you can increase efficiency and effectiveness of high-value claims personnel, consistently apply the best resources for improved claim triage, uncover claim-cost segments with previously unnoticed characteristics, and more.
Insurtech
We understand the data in the insurance ecosystem and have developed and worked with technologies that solve real business problems. We also have subject matter experts to help you transform your businesses with technology.
Rating and underwriting
We bring powerful analytic and cloud computing solutions to your rating and underwriting challenges. Our powerful platforms provide insights about rate adequacy, risk structure, pricing considerations, and profitability.
Predictive analytics and modelling
Combining traditional statistical methods with machine learning technology and innovative data mining techniques, our predictive tools proactively discover predictors in your portfolio. This give you clear, actionable results for a competitive advantage. Predictive analytics can help you precisely select and price business, reduce loss ratios, target the best opportunities, and more.
Insight
Milliman analytics products
NAVI
Dramatically reduce the time required for life insurance reserves and liabilities calculations with innovative modelling.
IntelliScript
IntelliScript combines industry-leading data and analysis to provide insurers the knowledge, tools, and insight to confidently assess risk.
Recon
Visually explore industry experience against your own and make intelligent decisions based on drivers of policyholder behaviour.
Arius
Analyse unpaid claims liabilities with industry-leading stochastic and deterministic reserving tools and methods.
Nodal
Analyse a wide range of claims data to identify those likely to incur high costs, helping optimise management and reduce costs.
Datalytics-Defense
Detect patterns in attorney billing practices using powerful algorithms, helping manage costs and improve claims defense.
PinPoint
Milliman PinPoint lets insurers cost effectively evaluate, price, and market residential and flood products using geospatial information.
Integrate
Automate and accelerate actuarial modelling and reporting with a powerful, cloud-based solution.
Milliman analytics services
Economic capital modelling
Use capital more efficiently to protect against financial risk and comply with growing rating and regulatory requirements.
Enterprise risk management
Embed ERM best practices into your organisation to create a structured and sustainable business management process.
Insurtech consulting
Select insurance-related technology solutions that solve your key challenges and make the most of data.
Model review and adjustment
Validate internal and third-party catastrophe modelling to reduce risk exposure and improve decision making.
Predictive analytics solutions
Uncover valuable information hidden in your data, allowing you to take action on key business insight.
Property analytics
Match price to risk, get better ratings, and improve profitability in the most difficult markets.
Regulatory assistance and model reviews
Get help with the actuarial aspects of financial exams, rate filing, and model reviews related to catastrophic risk.