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.
Enterprise risk management
We use a phased process depending on your needs, maturity level of existing ERM processes, and priorities. Our ERM platform is modular and scalable, allowing you to expand your capabilities and increase your level of ERM maturity at your pace.
Companies need to consider strategic and operational risks, which can be elusive. These risks often involve interactions among people, systems, and the external environment, making them much harder to quantify. Milliman has developed a proprietary methodology to help companies identify and manage potential threats and opportunities and understand their risk profiles relative to corporate objectives.
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.
The intersection of strategic business units such as Legal, Finance, IT, HR, Compliance, Audit, etc. is crucial to a convergence of a corporate risk framework. Milliman can help your organisation create a corporate risk framework to align these functions and bring together strategic business units from across your company.
Milliman's unique governance, risk management, and compliance (GRC) platform is customisable and enables organisations to view and analyse their full spectrum of business risks in one place. Our GRC platform can integrate business processes for ERM, compliance, supply chain risk, counterparty credit risk, sustainability, crisis management, and internal audit.
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.
It is important to evaluate each company’s ERM processes as part of the overall M&A process.
What does it take to develop a truly resilient risk culture?
Optimisation problems have traditionally been formulated as single objective and solved with the use of gradient-based or direct search methods.
As cyber evolves as a threat, companies are facing an increasingly complex enterprise risk management process.
This report uses advanced machine learning algorithms, such as deep neural networks, to analyse social media conversations about Brexit.
Analyse unpaid claims liabilities with industry-leading stochastic and deterministic reserving tools and methods.
Automate and accelerate actuarial modelling and reporting with a powerful, cloud-based solution.
Manage threats and opportunities related to complex non-financial risks among people, systems, and the external environment.
Measure risk appetite and market rates and understand regulatory constraints for a strategic approach to risk retention.
Create an effective corporate risk framework to align across business units and mitigating cross-functional risks.
Ask the tough questions. We’re ready for them.