Milliman is the premier U.S. life insurance consulting firm, providing 60 years of experience. Our offices around the globe offer a broad spectrum of knowledge to address the many challenges insurers and reinsurers face today.
We never work for commissions. Our experts are relied upon by insurers and reinsurers for independent, unbiased advice.
Insurers
Milliman offers a complete range of services to insurers. We are a trusted source for navigating financial reporting and compliance issues. We also are thought leaders in newer fields such as enterprise risk management, securitization structures, and calculation of embedded value.
Our services for insurers include:
- Financial risk management: With six years' experience, Milliman is the industry's leading expert in this developing field. Dynamic hedge programs outsourced to Milliman include roughly $500 billion in indexed annuities, variable annuities and fixed annuities, representing 6 million policies.
- Mergers and acquisitions: Milliman is a dominant player in M&A consulting. We have been involved in more than three-quarters of the major M&A transactions in the insurance industry over the past decade.
- Product development: Our insight into the changing industry landscape and our superior financial-modeling capabilities have led many in the industry to view Milliman as the top product-development firm nationally.
- Software solutions: Our innovative, proprietary programs in hedging, valuation, and financial projections are developed by Milliman's dedicated research and development staff.
Reinsurers
We assist reinsurers in correctly pricing proposed transactions and in identifying market opportunities. Reinsurers rely upon us to analyze emerging industry issues such as:
- life insurance products with secondary guarantees
- risk elements in various insurance products
- financial models and model assumptions
- deal structures and their financial implications
One major bank came to Milliman for assistance in developing reinsurance programs. We began by providing strategic analysis of various product lines, then evaluated risk elements in a number of significant reinsurance transactions, with work including financial model reviews and treaty reviews. Our suggestions regarding refinements to their models helped the client better understand their risks on several deals involving hundreds of millions of dollars of exposure. In addition, our knowledge of the reinsurance landscape caused the bank to negotiate tighter treaty terms to protect against various risks.