Insurance Solutions

Product development & pricing

Insurance product development & pricing

Optimise your offerings

A changing world demands insurance innovation. Companies rely on Milliman to stay current on the latest innovations and trends to help deliver market-leading insurance products that balance profitability and cost competitiveness. We can serve as your outsourced product-development department or provide tactical support to your design team with analytics, modelling, marketing assistance, and more.

Overview

Milliman insurance product development and pricing solutions

Ratemaking

Combining actuarial expertise, market knowledge, and regulatory knowhow, we add value to every aspect of the ratemaking process, from risk analysis to reinsurance. Get to market faster with our technical sophistication and integrate pricing decisions with your overall business strategy. We also reduce your regulatory burden by preparing, submitting, and following through on compliance filings.

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The data advantage

Whether you’re launching a variation on a time-tested product or working to address fast-evolving areas such as electric vehicles or climate change insurance, we have the deep analytics capabilities to help your products thrive. From complex regulatory requirements to capital reserving to return on equity, we’re your partner for insights that drive success.

Insight

Milliman insurance product development & pricing insight

Article

Multi-year guaranteed annuities: 2019 survey

Milliman conducted a new broad-based survey on multi-year guaranteed annuities, capturing historical data for key industry competitors, as well as company perspectives on a range of issues pertaining to these products into the future.

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Article

Tax reform impacts on life insurance pricing and profitability

This analysis measures the impact of the tax code changes on a range of different insurance product types.

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Research Report

Could private flood insurance be cheaper than the NFIP?

Milliman collaborated with KatRisk to develop tools to quickly assess the private flood insurance feasibility, and then compared our modeled private flood insurance premiums to those of the NFIP.

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Article

Managing enterprise risk: For life insurance companies, pricing demands clear assessment of possible threats

The recent volatility in the capital markets and the consequent adverse developments across the financial services industry have stimulated interest in more sophisticated risk-management techniques.

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