Insurance Solutions
Claims consulting
Manage claims risk effectively
Understanding claims risk is valuable. Knowing what to do next is a game-changer. We deliver precision assessments of claims handling and the experience to help you improve it, addressing the entire scope of your business. We can help you implement best practices that reduce costs and risk, navigate commutations, arbitration, and litigation, and improve the quality of your estimation assumptions and techniques.
Milliman claims consulting solutions
Tailored to your needs
Our clients include primary and excess insurers, reinsurance companies, third-party administrators, self-insureds, and captives. Our claims consulting expertise is as varied as our clients’ needs, from establishing a case reserve on a catastrophic loss to valuing a claim operation in connection with an acquisition.
Predictive claims analytics
Milliman’s predictive analytics solutions leverage advanced technology for an improved early identification of high-loss claims. Today’s advanced modelling methods provide maximum insight from existing claims data, helping free up high-value claims personnel and uncover new claim-cost segments.
Milliman claims consulting insight
Milliman claims consulting products
Nodal
Analyse a wide range of claims data to identify those likely to incur high costs, helping optimise management and reduce costs.
LCase claims management and case reserving software
Manage extended claims to determine accurate long-term costs and make more effective decisions.
Milliman Claim Variability Benchmarks
Assess the quality of stochastic unpaid claim distributions used for enterprise risk management and dynamic financial analysis.
Milliman claims consulting services
Claims consulting
Lower loss and loss adjustment expense costs, get litigation support, and improve claims operations.
Predictive analytics solutions
Uncover valuable information hidden in your data, allowing you to take action on key business insight.
Product development and pricing: Insurance
Deliver sophisticated and progressive insurance products at reasonable cost with the help of our data, analytics, and consulting expertise.
Product liability consulting
Quantify the hidden long-term cost of product liabilities and provides guidance on controlling and managing the cost of future exposures.
Start-up property & casualty insurers
Build on a solid foundation with decades of insurance expertise combined with cutting-edge technology innovation.
Underwriting and operations
Improve risk selection, pricing, and profitability with comprehensive underwriting services and data.
Workers compensation
Develop customized workers’ comp solutions that save time and money with state-specific data and expertise.
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