Property & Casualty advisory services
Appleseed
Accelerating risk innovation
Insurtech innovation must meet regulatory standards
- Big data and advanced analytics can transform insurance risk measurement and pricing
- State-by-state regulatory approval of new risk scores and methodologies can be costly and slow, increasing time to market for innovation
- This dynamic restricts insurtechs from acquiring new customers, favors incumbents, and slows adoption of innovative products
Accelerate pricing innovation
Milliman Appleseed is an advisory organization licensed to submit loss costs, rating factors, and risk scores with state insurance regulators across the U.S. Insurtechs with new and innovative risk scoring approaches can meet regulatory requirements faster, more easily, and at lower cost, by filing through Milliman Appleseed.
We can manage the entire process end to end, including filing products with state insurance departments directly. Insurers can immediately adopt approved rating plans and scores, and a B2B insurtech can obtain regulatory approvals even before they get their first insurer on board.
Insights, expertise, and experience
For insurers
Our best-in-class products and transformative technology enable you to achieve your strategic goals faster. With affordable, pay-as-you-go access, you don’t have to build out these capabilities internally—and you get responsive service to ensure continuous value.
For vendors
Our business model is based on partnership, not ownership—your intellectual property belongs to your organization, always. With fast state rollouts, you can speed up ROI.
Focused on your solution
As an independent advisory organization, we are dedicated to tailoring services to fit your unique business opportunity and getting your solution to market faster.
Securing approvals
Our extensive experience and trusted relationships with state insurance departments, combined with our expertise in innovative ratemaking and predictive modeling methods, enables us to get approvals for complex methodologies and tough jurisdictions.
Appleseed benefits
Get to market faster
Improve your speed to market, accelerate growth, and foster agile innovation.
Sell at scale
Accelerate filing rollouts that speed up launch of customers’ countrywide programs.
Cut costs and risks
Reduce the costs associated with adopting new scores, while reducing the risk of non-approval.
Learn more about products and services available through Appleseed
Milliman AccuRate Fleet
AccuRate Fleet™ is a usage-based insurance score designed to enable more accurate pricing of fleet exposure and driving behavior risk.
Bungalow
Milliman Bungalow is a private flood insurance plan that includes advisory loss costs, risk classification rating factors, and rating rules.
PinPoint
Milliman PinPoint delivers relevant geographic rating insights to your system at the point of decision through a simple API.
Related services
Augmentation & AI
Insurers face increasing complexity and information overload. We use artificial intelligence (AI) to do the heavy lifting, freeing experts to discover opportunities and create value.
Capital management
Assess capital requirements under a wide range of frameworks and get effective strategic advice on how to manage capital.
Claims consulting
Lower loss and loss adjustment expense costs, get litigation support, and improve claims operations.
Product development and pricing: Insurance
Deliver sophisticated and progressive insurance products at reasonable cost with the help of our data, analytics, and consulting expertise.
Predictive analytics solutions
Uncover valuable information hidden in your data, allowing you to take action on key business insight.
Related topics
Climate change
Insurers, governments, experts, and citizens are coming together to mitigate short-term impacts and discover long-term solutions. Time is short and the implications are massive.
Cyber risk
Any organization that deals with sensitive data faces increasing challenges in keeping that data safe. From guarding against sophisticated cyber criminals to preventing accidental data loss, staying safe means keeping one step ahead.
Emerging risks
In todayʼs world, complacency has a cost. Unforeseen risks can even bring down a company. With so much at stake, the status quo really isnʼt an option.
Flood insurance
Complex and unpredictable, flood hazards have typically been insured only by state or federal agencies and a select few private companies. Today, advanced modeling and data innovation are enabling the emergence of more options for those at risk.
Insurtech
Today, forward-thinking firms are leveraging technology in astonishing new ways that promise to transform the insurance industry.
Predictive analytics
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.