PREDICTIVE ANALYTICS

Milliman Nodal Predictive Analytics

The market-leading predictive analytics platform for insurance optimizes claims performance, identifies at-risk claims, and reduces claims cost.

Milliman Nodal

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OVERVIEW

Predictive power and efficient operations all in one package

Nodal™ is a web-based predictive modeling and decision-support system used for early claim intervention. It analyzes a wide range of claims data to predict claims that are likely to incur high costs so insurers and self-insurers can optimize management and reduce costs.

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Benefits

Unrivaled claims automation platform

Predict future claim outcomes daily as new claims are reported using Nodal’s unstructured and structured data.

Reduce costs through claim automation

Reduce claim costs three to 10 percent by automating low-risk claims and identifying higher-risk and higher cost claims shortly after report.

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Predictive analytics powered by AI

Leverage unstructured data to predict and plan for volatile and high-cost claims by extracting information from adjuster notes shortly after the claim is reported.

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Claims triage

Dynamic data visualization helps quickly identify insurance claims trends and transfer problematic claims early. This enables you to maximize the value of cost containment strategies and of senior staff.

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Built-in expertise

Subject-matter experience with claims operations and actuarial science is designed into our end-to-end solution, providing accurate results based on decades of industry expertise. This comprehensive approach helps ensure success and maximize your ROI.

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Features

Nodal predictive modeling features:

Increased consistency
Independent results
Monthly reporting
Continuous improvement
Easy to deploy

Increased consistency

Budget and reserve with greater confidence thanks to predictive capabilities that enable volatility management.

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FAQ

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Related services

Services related to Nodal

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Datalytics-Defense

Detect patterns in attorney billing practices using powerful algorithms, helping manage costs and improve claims defense.

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Insight

Milliman Nodal insight

Article

Making predictive analytics work for you

Learn how predictive analytics differ from other approaches to data—and how it can help your business.

Read the article

Article

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

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

Read the article

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Nodal named Analytics Solution of the Year

Milliman wins three InsuranceERM Americas Awards for its insurtech products and risk consulting services

Download the press release

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Resources

Milliman Nodal resources

BROCHURE

Milliman Nodal brochure

See how you can use AI to predict claim outcomes based on underutilized data.

Download PDF

USE CASE

Lowering workers comp costs with predictive analytics

See how Nodal helps IRMA reduce costs and improve claim management.

Download PDF

Press release

Milliman wins three InsuranceERM Americas Awards for its insurtech products and risk consulting services

Milliman, Inc., a premier global consulting and actuarial firm, is pleased to announce that the firm has won three 2020 InsuranceERM Americas Awards for its insurtech products and risk consulting services. The goal of the IERM Americas Awards is to highlight enterprise risk management leaders in the Americas.

Download PDF

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Contact us

We’re here to help you break through complex challenges and achieve next-level success.

Milliman Nodal Predictive Analytics

Milliman Nodal

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Predictive power and efficient operations all in one package

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Unrivaled claims automation platform

Reduce costs through claim automation

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Predictive analytics powered by AI

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Claims triage

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Built-in expertise

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Nodal predictive modeling features:

Increased consistency

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FAQ

What is Nodal?

Who is Nodal for?

How does Nodal work?

What is unstructured data?

Is this an out-of-the-box solution?

Expected savings when implemented?

What lines of business do you work with?

What is AI?

What is data mining?

How do you streamline high-risk claims?

What tools do you provide?

What kind of reporting do you provide?

Do we receive training to use the system?

How long would it take to set up Nodal on my organization’s IT system?

What additional support services do you provide to your customers?

This all sounds great, what do I need to sign up?

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Services related to Nodal

Claims consulting

Captive insurance consulting

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Products related to Nodal

Datalytics-Defense

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Milliman Nodal insight

Making predictive analytics work for you

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

Loading component...

Nodal named Analytics Solution of the Year

Loading component...

Milliman Nodal resources

Milliman Nodal brochure

Lowering workers comp costs with predictive analytics

Milliman wins three InsuranceERM Americas Awards for its insurtech products and risk consulting services

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Contact us

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Milliman Nodal

Predictive power and efficient operations all in one package

Reduce costs through claim automation

Predictive analytics powered by AI

Claims triage

Built-in expertise

Nodal predictive modeling features:

Increased consistency

FAQ

What is Nodal?

Who is Nodal for?

How does Nodal work?

What is unstructured data?

Is this an out-of-the-box solution?

Expected savings when implemented?

What lines of business do you work with?

What is AI?

What is data mining?

How do you streamline high-risk claims?

What tools do you provide?

What kind of reporting do you provide?

Do we receive training to use the system?

How long would it take to set up Nodal on my organization’s IT system?

What additional support services do you provide to your customers?

This all sounds great, what do I need to sign up?