INSURANCE SOLUTIONS
Research & development
Overview
Moving the industry forward
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.
Mortality modelling
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.
Claims reserving
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.
Capital and financial modelling
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.
Milliman research and development products
Integrate
Automate and accelerate actuarial modelling and reporting with a powerful, cloud-based solution.
Milliman CHESS (Cloud Hosted Economic Scenario Simulator)
CHESS helps insurers compute regulatory calculations. Useful for asset liability management studies, product pricing and strategic allocation.
Milliman research and development insight
Milliman research & development services
Capital management
Assess capital requirements under a wide range of frameworks and get effective strategic advice on how to manage capital.
Catastrophe reserving and loss reserve verification
Understand the impact of a large event on your portfolio, including analysis of loss-expected contract carve outs.
Claims consulting
Lower loss and loss adjustment expense costs, get litigation support, and improve claims operations.
Complex risk assessment
Manage threats and opportunities related to complex non-financial risks among people, systems, and the external environment.
Economic capital modelling
Use capital more efficiently to protect against financial risk and comply with growing rating and regulatory requirements.
Model review and adjustment
Validate internal and third-party catastrophe modelling to reduce risk exposure and improve decision making.
Predictive analytics solutions
Uncover valuable information hidden in your data, allowing you to take action on key business insight.
ILS Pricing Reviews
Maintain an edge in an increasingly competitive marketplace with a wide range of investment portfolio reviews.
Regulatory and financial reporting and analysis
As regulatory and financial reporting standards continue to evolve, our consultants provide support to life insurance companies in Africa.
Regulatory assistance and model reviews
Get help with the actuarial aspects of financial exams, rate filing, and model reviews related to catastrophic risk.
Risk framework assessments
Create an effective corporate risk framework to align across business units and mitigating cross-functional risks.
Solvency II
Manage Solvency II implementation across pricing, underwriting, risk management, reporting, and more.
Underwriting and operations
Improve risk selection, pricing, and profitability with comprehensive underwriting services and data.
Insurtech consulting
Select insurance-related technology solutions that solve your key challenges and make the most of data.
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