PREMIUM COMPARISON PLATFORM
Milliman Pixel
Analyze residential and flood insurance markets using a web-based solution
Enhance pricing and profitability decisions
Pixel incorporates Milliman Market Baskets, geospatial information, subject matter expertise, and advanced analytics. We can help you make data-driven decisions and develop effective sales and marketing strategies.
Pixel at a glance
Pricing
Support accurate and competitively priced rate level and rating factor selections.
Underwriting
Identify segments that may be subject to adverse selection considering both profitability and competitiveness.
Marketing
Discover market segments where you hold significant competitive advantage.
Sales
Identify areas of opportunity for agents, and design efficient and effective sales strategies.
New markets
Test proposed rates for new markets and products before implementation.
What makes Pixel different?
Data rich
Pixel can incorporate multiple sources of competitor premiums and losses rather than tying your company to a single vendor. You can also incorporate Milliman Market Baskets and company-specific data such as quotes for in-depth understanding.
Insightful
Rapidly understand your rating position and make informed decisions using powerful visualizations and analytics. Pixel provides unique metrics and variables incorporating Milliman’s GIS and subject matter expertise, explaining why premiums are competitive or profitable.
Comprehensive
Milliman can facilitate licensing, data preparation and generation of competitor premiums, including flood premiums for voluntary writers and NFIP.
Actionable
Pixel provides actionable output for sales and marketing strategies, including agency level detail and custom marketing territories, allowing sales representatives to focus on their core business. Pixel proactively helps you develop your unique competitive niche.
Turnkey
Pixel employs a powerful calculation engine, optimized for speed and configured to give you the power of the most advanced tools, with no code to learn or technology to maintain.
Collaborative
A unified, cloud-delivered platform enables actuaries, product managers, marketing, and other departments across the organization to work together to arrive at the best results for your business needs.
Pixel key features
User friendly
Decision makers at all levels will find Pixel intuitive and easy to use, enabling them to immediately begin working with data and generating credible results. This leads to faster consensus on pricing decisions and lower time to market for enhanced competitive advantage.
Extendable
Print or export data sets, charts, and maps to other software for presentation or further analysis.
Communicative
Whether it’s presenting to the board of directors, customers, or reinsurers, Pixel ensures you have the information to back up your decisions.
Geographic toolset
Geographic tools enable you to quickly identify spatial patterns, with latitude and longitude detail, and associated variables for granular analysis of factors that drive risk.
Up to date
The software includes regular updates as well as training to ensure users can get the most out of it.
Expertise
Additional Milliman professional services are available in the areas of ratemaking, sales and marketing, regulatory support and market feasibility.
Pixel product demos
Services related to Pixel
Market Entry
You only get one shot to launch a new product line in a new place with a given business model that effectively uses new risk capital. We can ensure that your pro-forma analysis reflects the entire marketplace, peripheral vision about competitors, and a realistic view of unit profitability, priming your team to win the competition for capital and establish your program at speed and scale.
Pricing
Success depends on playing a multi-dimensional chess game – staying competitive for your targeted customers while staying profitable on a per-customer and overall basis. We help you overlay the relevant competitor rates and potential losses against your current and proposed pricing schemes, delivering results across the widest possible view of the insurable market.
Underwriting
Risk decisioning depends on point-of-quote access to finished analysis, not just raw data. We can help you build “analytic cost” models that score individual risks interactively or in batch mode with reference to competitive position, equipping your front-line staff to make the best go/no-go acceptance and routing decisions.
Products related to Pixel
Market baskets
Market baskets are portfolios of hypothetical risks with realistic distributions of characteristics used for property and flood insurance pricing.
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.
Pixel resources
Contact us
We’re here to help you break through complex challenges and achieve next-level success.
Contact us
We’re here to help you break through complex challenges and achieve next-level success.