Meet growing needs for innovative insurance solutions while increasing operational health and improving compliance.
Deliver on the promises of the past and create smart solutions for the future.
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.
Research & development
We’re not just providing services to the insurance and financial industries. We are driving those industries forward into a future with innovative research providing greater predictability, more precision, and less risk. From advanced financial modelling to claims reserving calculations and biometric risks prediction, our innovation in mathematical, computational, and actuarial techniques is helping our clients succeed.
Understanding mortality is fundamental to the insurance industry. We are designing new techniques and improving traditional ones to create greater accuracy and deeper understanding of mortality drivers in an ever-changing population.
Accurate claims reserving can free working capital and improve long-term solvency. We use advanced mathematical techniques to explore and improve this critical element of actuarial practice.
Growing regulatory and market complexity combine to challenge traditional modelling approaches. We use the latest computational technologies and statistical innovations to break through the barriers and produce stochastic economic scenarios that are not only accurate but deliver useful insights to the business.
Automate and accelerate actuarial modeling and reporting with a powerful, cloud-based solution.
CHESS is a cloud-native economic scenarios generator that provides advanced modelling capabilities for both risk-neutral and real-world applications. CHESS delivers secured regulatory compliance as well as production efficiency through its reactive web interface and integration-ready API.
Challenges for companies in the alternative asset space include building an internal model and accounting for regulatory treatment for capital set aside.
How to model the COVID-19 pandemic and forge a path to better risk insurance
We describe a recent realistic modelling approach of equity volatility that offers advantages when using real world economic scenarios to analyze balance sheets.
We provide the methodological basis of sensitivity analysis and demonstrate, the differentiated behavior of Sobol and Shapley indices, and the performance of the Quasi-Monte-Carlo estimator in that context.
We present a calibration technique for one complex risk neutral model, relying on neural networks and significantly reducing computational time.
Learn why the best economic scenario generator solution provides the choice of different methods and what challenges real world models pose.
Proxy models are not always easy to validate, so we present a useful framework to make LSMC troubleshooting more accurate
We explore a new methodology to show lower equity shocks, since stock markets are mean-reverting and insurers hold equities for the long-term.
In this paper, we cover the challenge of quantifying an illiquidity premium and discuss some practical considerations for reference portfolios.
Key takeaways from EIOPA’s comparative study on market and credit risk…
A comprehensive look at uses of cloud computing and machine learning in the…
This paper is part of a series covering the overall process for discount rates…
This paper presents a solution to address (re)insurers’ challenges,…
IFRS 17 requires preparers of accounts to derive discount rates for the…
After I replicated a cup of coffee using my carbon nanotube molecular printer, I…
This paper explores the potential and the challenge of using BERT, a Natural…
This white paper proposes two alternative and complementary views to the EIOPA&…
The analysis of cohort effects has long fascinated the actuarial community.
This paper discusses actuarial perspectives for the calculation of the capital…
Individual claim models is an emerging area of research and practice which uses…
National mortality tables are crucial inputs to the quantification of mortality…
This white paper discusses the innovative opportunities offered by alternative…
Assess capital requirements under a wide range of frameworks and get effective strategic advice on how to manage capital.
Understand the impact of a large event on your portfolio, including analysis of loss-expected contract carve outs.
Lower loss and loss adjustment expense costs, get litigation support, and improve claims operations.
Manage threats and opportunities related to complex non-financial risks among people, systems, and the external environment.
Use capital more efficiently to protect against financial risk and comply with growing rating and regulatory requirements.
Validate internal and third-party catastrophe modeling to reduce risk exposure and improve decision making.
Uncover valuable information hidden in your data, allowing you to take action on key business insight.
Maintain an edge in an increasingly competitive marketplace with a wide range of investment portfolio reviews.
As regulatory and financial reporting standards continue to evolve, our consultants provide support to life insurance companies in Africa.
Get help with the actuarial aspects of financial exams, rate filing, and model reviews related to catastrophic risk.
Create an effective corporate risk framework to align across business units and mitigating cross-functional risks.
Manage Solvency II implementation across pricing, underwriting, risk management, reporting, and more.
Improve risk selection, pricing, and profitability with comprehensive underwriting services and data.
Select insurance-related technology solutions that solve your key challenges and make the most of data.