Continuously rising litigation costs
Integrating AI into legal spend management
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Related insight
The importance of litigation management for insurance carriers
As the cost of litigation defense continues to rise, insurance carriers are increasingly feeling the pressure to adopt innovative solutions.
The importance of evaluating outside defense attorneys' performance for optimal case outcomes in P&C insurance
Insurers must have a solid understanding of their defense attorneys’ expenses. Here are some key metrics and benefits of conducting a performance analysis.
Leveraging AI-powered analytics to understand, allocate, and manage insurers’ legal spend
As defense and indemnity expenses continue to rise, proven strategies to help insurers improve claim outcomes and control costs are needed.
The aftermath of pandemic court delays may signal tough times ahead for the MPL industry
The growing backlog of medical professional liability lawsuits post-pandemic has significantly increased case duration, which needs to be reflected in actuarial methods and assumptions.
Uncharted territory: Emerging litigation trends
When will litigation activity return to pre-Covid levels and what might that portend for claim settlements?
Critical factors to consider when choosing a legal e-billing system
Second-generation legal e-billing systems have moved beyond the basic auditing function of their earlier counterparts and can now deliver actionable insights into legal spend and the allocation of defense resources.
A comprehensive guide to legal spend management
With relentless annual increases in legal costs for companies, we answer some questions on spend management platforms, clarifying their key distinctions.
Data analytics: What legal e-billing can't do
Legal e-billing applications typically form the core of current enterprise legal management platforms, which include matter management, workflow management, content management, and reporting and analysis among other tools.
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Better data. Better legal claims outcomes.
Milliman Datalytics-Defense combines subject matter expertise with data mining algorithms to enable our clients to make better decisions.
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Skyward Specialty chooses Milliman Datalytics-Defense for its AI-enabled legal spend insights
Milliman, Inc., the premier global consulting and actuarial firm, today announced that Skyward Specialty Insurance Group, Inc.TM, a leader in the specialty property and casualty (P&C) market, has chosen Milliman Datalytics-Defense® as its platform for processing its defense cost invoices.
How to lower defense costs using analytics
Datalytics-Defense recognized by InsuranceERM as “Analytics Solution of the Year” in the Americas
Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce that the firm’s Datalytics-Defense® second-generation e-billing solution has been recognized as the 2022 InsuranceERM Awards - Americas “Analytics Solution of the Year.” The goal of the awards is to highlight enterprise risk management leaders in the Americas.