Meet growing needs for innovative insurance solutions while increasing operational health and improving compliance.
Manage complex risks using data-driven insights, advanced approaches, and deep industry experience.
This is a place where your ideas and insights make an impact. Where an independent, entrepreneurial spirit is an advantage. And where diversity of thought and experience makes us who we are.
Data-driven insight. Deep expertise. Transformative innovation. Since 1947, Milliman has delivered intelligent solutions to improve health and financial security.
Our proprietary software along with consulting services will help you improve existing processes and create useful new solutions. Our clients see the results, from enhanced data integration and quality to defining common data dimensions across the enterprise.
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.
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.
Milliman FRM is a subsidiary of Milliman, Inc. Our risk management strategies have been tested for more than 20 years and through two market crises.
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.
Milliman can answer the ever present and growing demands of regulators, rating agencies, lenders, institutional investors, and shareholders with a robust and repeatable ERM process tailored to your business needs.
Combining traditional statistical methods with machine learning technology and innovative data mining techniques, our predictive tools proactively discover predictors in your portfolio. This gives 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.
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.
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.
Artificial intelligence (AI) is rapidly transforming the insurance industry, streamlining processes, and improving efficiency, particularly in claims management.
Compared with traditional mortality models, machine learning algorithms can significantly improve the forecasts of future mortality rates.
Using a hybrid model for health claim email filtering could significantly reduce customer support workload, while maintaining a satisfactory response quality.
Current inflation rates are likely to be the highest seen for a generation, and the ensuing effects could have a profound impact on life insurers.
With scarce actuarial resources, insurers can adopt lean manufacturing principles to further accelerate the digital transformation of the risk function.
In increasing operational complexity within the calculation chain, it has become critical to assess the sensitivity of output results to individual assumptions and inputs involved.
Big data, combined with the increased usage of machine learning algorithms, allows the life insurance industry to model the surrounding world much more effectively than in the past.
Why are actuaries starting to use Python programming? Learn more in this briefing note.
With the abundance of data and analytical resources, how important is it for insurance carriers to develop and maintain those resources in-house? Sheri Scott answers this and other questions in this Q&A.
Milliman consultants Nancy Watkins, Matt Chamberlain, Peggy Brinkmann, and Sheri Scott discuss how predictive analytics can uncover value in new and expanding data sets, helping improve pricing, underwriting, and…
How Milliman used analytics to develop a predictive app for a transportation provider.
Learn how predictive analytics differ from other approaches to data—and how it can help your business.
Enterprise risk management is evolving, and as insurance companies have moved through time, there has been greater ability to control information in a more sophisticated way.
What does it take to develop a truly resilient risk culture?
Dramatically reduce the time required for life insurance reserves and liabilities calculations with innovative modelling.
IntelliScript combines industry-leading data and analysis to provide insurers the knowledge, tools, and insight to confidently assess risk.
Visually explore industry experience against your own and make intelligent decisions based on drivers of policyholder behaviour.
Analyse unpaid claims liabilities with industry-leading stochastic and deterministic reserving tools and methods.
Milliman PinPoint lets insurers cost effectively evaluate, price, and market residential and flood products using geospatial information.
Analyse a wide range of claims data to identify those likely to incur high costs, helping optimise management and reduce costs.
Detect patterns in attorney billing practices using powerful algorithms, helping manage costs and improve claims defense.
Automate and accelerate actuarial modelling and reporting with a powerful, cloud-based solution.
Use capital more efficiently to protect against financial risk and comply with growing rating and regulatory requirements.
Embed ERM best practices into your organisation to create a structured and sustainable business management process.
Validate internal and third-party catastrophe modelling to reduce risk exposure and improve decision making.
Uncover valuable information hidden in your data, allowing you to take action on key business insight.
Match price to risk, get better ratings, and improve profitability in the most difficult markets.
Select insurance-related technology solutions that solve your key challenges and make the most of data.
Ask the tough questions. We’re ready for them.