Analytics and modeling

• Milliman Data Science Survey

  By Eamonn Phelan, Karl Murray, Gillian Tucker, Eamon Comerford | 20 March 2019

  Life and health insurers and reinsurers are taking a growing interest in data science.

• Using predictive modeling to forecast large workers’ compensation costs: A case study

  By Michael Paczolt | 04 March 2019

  Nodal™, Milliman’s web-based predictive modeling and decision-support system, accurately identified 95% of high-cost claims for the Intergovernmental Risk Management Agency before they happened, reducing costs by over 15%.

• Industry body part coding is wrong - Part 1: Multiple body parts

  By Michael Paczolt, William Torres | 11 February 2019

  Multiple body part claims can be translated into specific combinations of body parts by extracting data from unstructured data using text mining algorithms.

• Insurers, spreadsheets and model risk

  By Stuart Reynolds, William Smith, Jennifer Strickland | 05 February 2019

  Milliman surveyed 183 actuaries and insurance professionals from over 70 different companies to discover how spreadsheets are used by life insurers and reinsurers to identify potential improvements to this tool.

• IFRS 17: Latest developments

  By Andrew Kay, William C. Hines, Eamon Comerford, Amritpal Khangura | 14 November 2018

  Andrew Kay, William Hines, Eamon Comerford and Amritpal Khangura discuss the latest developments regarding IFRS 17.

• Disruption without distortion: How to seamlessly integrate insurtech initiatives into the loss reserving process

  By Thomas A. Ryan | 13 November 2018

  How can insurers better manage the potential disruptive impact of insurtech initiatives?

• What could private flood insurance look like in New Jersey and New York?

  By Nancy P. Watkins, John W. Rollins | 24 July 2018

  Milliman recently collaborated with Risk Management Solutions, Inc. to model a potential private flood insurance market in New Jersey and New York.

• Improvements in predictive analytics help with early identification of workers comp reinsurance claims

  By Philip S. Borba, Lori E. Julga | 16 July 2018

  Developments over the past few years in predictive analytics are providing opportunities to improve the early identification of claims with a high likelihood of piercing workers compensation reinsurance layers.

• A European insurance leader works with Milliman to process raw telematics data and detect driving behaviour

  By Rémi Bellina, Antoine Ly, Fabrice Taillieu | 31 May 2018

  This article focusses on the future of motor insurance and telematics, providing feedback on some of the projects led by Milliman's analytics team.

• Milliman Evening Briefing, 31 May 2018

  By Bridget MacDonnell, Eamon Comerford | 31 May 2018

  At the second Milliman Evening Briefing, Bridget MacDonnell gives an overview of regulatory hot topics for 2018, Eamon Comerford discusses investment strategies under Solvency II and Donal McGinley looks at artificial intelligence and its relevance to actuaries.

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