Milliman Alliances and Ecosystems
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What is the metaverse and how could it transform the insurance industry?
In this paper we consider potential ways in which insurers could use the metaverse, and the challenges and risks associated with adoption of this new virtual world within the industry.
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An actuary’s guide to Julia: Use cases and performance benchmarking in insurance
Julia is a general-purpose open-source programming language that debuted in 2012....
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Why carriers should embrace embedded insurance
Fostering innovation: A guide for the actuarial profession
The Society of Actuaries (SOA) has sought to investigate methodologies and characteristics associated with actuarial innovation....
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‘Insure-TECH’ or ‘INSURE-Tech’? Examining the startup journey to a ‘full-stack’ insurance company
The life insurance industry certainly has seen an increase in technologically-savvy InsurTech companies joining its ranks.
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Data analytics and AI application in life insurance
Life insurers are embracing the use of machine learning (ML) and artificial intelligence (AI) models and techniques in all areas of their business. In this blog we outline some of the use cases of these techniques in the life insurance industry.
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Smart city infrastructure: A background for risk management
Smart infrastructure systems and data platforms have the potential to make cities more efficient, requiring the development of novel risk management strategies.
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Insurtechs, MGAs, and risk analytics in a hardening market
Predicting whether insurtechs will seek closer connections among the players in the value chain, or a greater separation, requires consideration of factors that could cut both ways.
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Solutions to the student loan pandemic
There are companies innovating in the student loan space, but significant opportunity remains for insurtechs and traditional insurance carriers to create a unique “win/win”: sustainable solutions that capture a portion of the $1.54 trillion student loan market.
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Understanding California wildfire risk, part two: Zesty.ai risk score model
To better understand its exposure to wildfire, the California Fair Access to Insurance Requirements Plan asked Zesty.ai, Inc., a company that provides a wildfire risk score model, to score the FAIR plan properties relative to wildfire risk.
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Car manufacturers are challenging traditional auto insurers: Who will win the tech race?
As traditional auto insurers compete against each other for customers, they're now also faced with new entrants into the auto insurance market race: car manufacturers.