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.
Milliman has played an important role in the evolution of the insurance and financial services industries. We have the experience to deliver insight into emerging trends in the context of your specific business dynamics. Supported by expert analysis, we offer focused advice on corporate strategy, risk management, product offerings, distribution and other key areas. Our sophisticated software tools reflect the latest advances and support essential risk management functions, including projections, pricing, reserving, text mining and other predictive analytics.
Milliman consultants combine actuarial and modelling expertise with capital markets structure analysis to deliver high quality and meaningful financial feasibility studies. We help risk share participants estimate losses, capital requirements and expected cost/ benefits from a risk share transaction for agency or non-agency investors. Our services include actuarial analysis of retained losses by risk share participation layer and expected funding requirements, strategic financial planning, modelling, and forecasting.
Today’s challenging environment allows for innovations in risk sharing alternatives for our customers. Milliman consultants provide:
Clients who choose to retain risk believe that in the long run, retaining a portion of the risk is more cost-effective than transferring it through the purchase of insurance or reinsurance. Using sophisticated tools and analytical skills, we can help you identify your optimal retention level, evaluating such factors as your organisation’s appetite for risk, insurance market factors, and regulatory constraints.
Regulators and financial counterparties require substantive quantitative analysis to evaluate a financial institution’s available capital during stressed economic conditions. Our models provide independent analysis incorporating deterministic and stochastic loss rate results. GSE mortgage insurer eligibility requirements are currently being drafted. Milliman can assist in modelling mortgage insurer’s specific capital needs based on mortgage credit risk indicators, prepayment propensity, and underwriting and economic considerations.
As an independent consulting firm specialising in credit risk analysis and risk management techniques, Milliman assists many clients in developing analytical models to assess the credit risk elements of their operations. Milliman is well positioned to develop such models, through its diverse and specialised expertise in a number of areas including credit risk management and structured finance.
Our team is dedicated to analysing mortgage and credit risk, specialising in statistical, actuarial, and econometric risk-assessment techniques.
Milliman assists clients with compliance-related analytics for both fair lending and quality control reviews.
Our mortgage insurance and lender loan loss reserving framework combine our independence and depth of industry expertise.
We specialise in building customised and cost-effective solutions to measure and manage the risks associated with originating credit risk.
Ken Bjurstrom is a principal with the Milwaukee office of Milliman and joined the firm in 1998. He manages a practice dedicated to analyzing the financial risks associated with issuing and servicing mortgages, mortgage guaranty insuran...
Mike Schmitz is a principal and consulting actuary in the Milwaukee office of Milliman. He has been with the firm since 1993. Mike manages a practice dedicated to financial risks such as mortgage guaranty, financial guaranty, and credi...