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Data-driven insight. Deep expertise. Transformative innovation. Since 1947, Milliman has delivered intelligent solutions to improve health and financial security.
Milliman helps insurers, investment bankers, manufacturers, distributors, suppliers, and retailers quantify the hidden long-term cost of product liabilities and provides guidance on controlling and managing the cost of future exposures.
Product liability poses a unique risk—it is unpredictable, can involve large dollar amounts, and presents significant exposure from claims arising many years or decades after a product is produced or even removed from the marketplace. In addition, when claims arise after a manufacturer goes out of business, other parties in the supply chain, such as retailers, parts suppliers, and contractors, are at risk of becoming target defendants for product liability claims.
Milliman helps clients avoid being blindsided by liability claims and future exposures that aren’t fully assessed or reflected on the balance sheet. Our expertise covers a wide range of disciplines, including actuarial consulting, claims consulting, underwriting, predictive modelling, enterprise risk management, reinsurance, and legal.
Our clients rely on us to:
Ask the tough questions. We’re ready for them.