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PREDICTIVE ANALYTICS

See what’s ahead

Insurance has always been a data-driven business, but emerging technologies in the area of machine learning and artificial intelligence promise to enable a new generation of insights that look into the future, not just back to the past.

Build a smarter future

Tomorrow, delivered

The vast amounts of information produced by insurance technology holds the promise to enable accurate predictions, competitive insights, and intelligent actions.

Powered by the cloud, enriched with powerful new modelling methodologies, predictive analytics are powerful tools—for those who know how to use them.

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What is predictive analytics?

See how Milliman predictive analytics helps clients uncover value in their data.

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ERM: Evolution and transformation

Enterprise risk management is evolving, and insurance companies now have more sophisticated ways to control information.

White paper

An application of generative AI in the insurance industry: Analysis of movements in best estimate liability case study

We investigate the emerging threat of AI-generated car crash photos, focusing on how fraudsters exploit the technology to create fraudulent claims.

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Podcast

Artificial intelligence and insurance, part 2: Rise of the machine-learning models

Milliman data science leaders discuss the opportunities and challenges of using machine learning in insurance, particularly within healthcare.

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Article

Exploring large language models: A guide for insurance professionals

In this introduction to large language models (LLMs) for insurance professionals, we discuss how these components of artificial intelligence are trained to produce accurate results.

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Podcast

Artificial intelligence and insurance, part 1: AI’s impact on the insurance value chain

Artificial intelligence has been the buzz term of 2023....

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Products

Milliman related products

Insurance risk assessment

IntelliScript

IntelliScript combines industry-leading data and analysis to provide insurers the knowledge, tools, and insight to confidently assess risk.

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Financial modelling & industrialisation

Integrate

Automate and accelerate actuarial modelling and reporting with a powerful, cloud-based solution.

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Litigation cost analytics

Datalytics-Defense

Detect patterns in attorney billing practices using powerful algorithms, helping manage costs and improve claims defense.

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Premium comparison platform

Pixel

Identify new market sectors, pinpoint adverse selection, and make better pricing decisions with a web-based premium comparison tool.

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Predictive analytics

Recon

Visually explore industry experience against your own and make intelligent decisions based on drivers of policyholder behaviour.

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SERVICES

Related Milliman services

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