RISK SOLUTIONS
Analytics
Analytics consulting
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.
Milliman analytics overview
Financial projections and reporting
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.
Experience analysis
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.
Financial risk management
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.
Insurtech consulting
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.
Enterprise risk management (ERM)
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.
Predictive analytics and modelling
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.
Model review and adjustment
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.
Regulatory assistance and model reviews
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.
Milliman analytics products
NAVI
Dramatically reduce the time required for life insurance reserves and liabilities calculations with innovative modeling.
IntelliScript
IntelliScript combines industry-leading data and analysis to provide insurers the knowledge, tools, and insight to confidently assess risk.
Recon
Visually explore industry experience against your own and make intelligent decisions based on drivers of policyholder behavior.
PinPoint
Milliman PinPoint delivers relevant geographic rating insights to your system at the point of decision through a simple API.
Nodal
Analyze a wide range of claims data to identify those likely to incur high costs, helping optimize management and reduce costs.
Datalytics-Defense
Detect patterns in attorney billing practices using powerful algorithms, helping manage costs and improve claims defense.
Integrate
Automate and accelerate actuarial modeling and reporting with a powerful, cloud-based solution.
Milliman analytics services
Economic capital modeling
Use capital more efficiently to protect against financial risk and comply with growing rating and regulatory requirements.
Enterprise risk management
Embed ERM best practices into your organization to create a structured and sustainable business management process.
Model review and adjustment
Validate internal and third-party catastrophe modeling to reduce risk exposure and improve decision making.
Predictive analytics solutions
Uncover valuable information hidden in your data, allowing you to take action on key business insight.
Property analytics
Match price to risk, get better ratings, and improve profitability in the most difficult markets.
Insurtech consulting
Select insurance-related technology solutions that solve your key challenges and make the most of data.