INSURANCE SOLUTIONS
Software
Software
Milliman has robust proprietary software solutions to meet the needs of our clients across a range of areas, including retirement & benefits, health, life insurance and property & casualty. Our software is powered by the latest technology and is capable of automating complex tasks, speeding up the modelling process, increasing predictive accuracy, improving decision-making, quantifying risk and uncovering hidden insight.
Milliman Mind
A flexible and easy-to-use web-based platform which automatically converts Excel spreadsheets into more powerful models with the capabilities and controls of more expensive “black-box” systems, all within a secure, auditable framework.
Integrate
Integrate™ takes a uniquely holistic, forward-looking approach to the automation and governance of actuarial modelling and reporting. It represents a reimagining of the relationship between people, processes and technology, providing seamless integration and ultra-scalable processing. The Integrate platform is managed in Microsoft’s Windows Azure cloud, allowing every actuary simultaneous, real-time access to the model.
CHESS
CHESS simulates future economic conditions like interest rates, stock values, inflation, real estate indexes and credit spreads in risk-neutral and real-world universes. This solution helps insurers compute regulatory calculations (like Solvency II economic balance sheets and SCR assessments).
VEGA
VEGA® brings together real-world, hands-on Solvency II migration experience with rock-solid, state-of-the-art IT to create a robust, powerful analysis and reporting solution.
Solys
Solys™ is a proprietary predictive modelling platform designed specifically to help our consultants answer clients’ most complex questions about strategy, customer acquisition, revenue generation and business optimisation.
Arius
Arius® pairs Milliman’s proven reserve methods with advanced models and cutting edge technology to provide a complete picture of your reserve risk. Arius combines traditional deterministic reserving methods with numerous stochastic models, providing not just data summaries but real, actionable information. Arius supports current and future regulatory requirements, including ORSA and IFRS reporting.
Intelliscript
IntelliScript combines industry-leading data and analysis to provide insurers the knowledge, tools and insight to confidently assess risk.It not onlymakes underwriting faster and more reliable, it may also help make insurance less expensive for both insurers and consumers.
Milliman software insight
Milliman software products
Arius
Analyze unpaid claims liabilities with industry-leading stochastic and deterministic reserving tools and methods.
Integrate
Automate and accelerate actuarial modeling and reporting with a powerful, cloud-based solution.
VEGA
Streamline Solvency II compliance with a multi-user, multi-site tool for Standard Formula SCR and quantitative reporting templates.
Solvency II Compliance Assessment Tool
Monitor and assess compliance with Solvency II while creating an audit trail of completed work and a development plan for future actions.
Milliman IFRS 17 Readiness Assessment Tool
Monitor and assess IFRS 17 readiness and compliance, and plan remaining tasks effectively.
NAVI
Dramatically reduce the time required for life insurance reserves and liabilities calculations with innovative modeling.
Health Cost Guidelines Suite
Estimate expected claims costs and model healthcare utilization with Milliman’s Health Cost Guidelines™, an industry gold standard.
Milliman MIND
Milliman Mind is a flexible and easy-to-use web-based platform which automatically converts Excel spreadsheets into more powerful models.