Milliman, Inc.

Milliman is one of the largest actuarial consulting firms in the U.S. with more than 36 offices in the United States and 55 offices worldwide. We are in the business of evaluating risk and the opportunities involved in evaluating risk.

Description of Product or Services you would like to promote in the Association:

• Actuarial consulting services projection of ultimate loss and loss adjustment expense liabilities and loss ratios, evaluation of alternative retention limits and feasibility studies of alternative insurance mechanisms (e.g., self-insurance, captives).
• Predictive Analytics identify risk characteristics relating to profitability or early identification of potentially difficult claims using advanced computer learning techniques
• Claim and Underwriting consulting services claim reviews as well as claim and underwriting operational reviews

How does your product or service specifically target/benefit Program Administrators:

An independent actuarial analysis of a program's loss ratio can help in obtaining insurance and reinsurance company support for the program. If a program is in a separate company or cell, projections of the loss reserves may be needed for financial statements and/or an actuarial reserve opinion may be required. Predictive analytics may be used to identify hidden profitable and unprofitable opportunities, leading to better underwriting results. Predictive analytics may also be utilized to an early identification of potentially high severity claims so that the appropriate resources may be assigned to the claim.

What differentiates your product from others in the marketplace?

Milliman takes great pride in its professionalism and independence. We will custom design the analysis to meet the needs of the program being analyzed and at least two qualified professionals review all client work. Milliman is not affiliated with any producer (agent, brokers, etc.), insurance company, reinsurance company or auditor.