Milliman provides a range of services for property and casualty self-insureds and captive insurers. Among the areas we cover are loss and expense liabilities, risk retention alternatives, pricing and funding, financial modeling, and claims management.

Loss and expense liabilities. We provide independent evaluations of loss and loss adjustment expense liabilities, statements of opinion regarding adequacy of reserves for insurance regulatory and other reporting purposes, and reviews of internal procedures and assumptions.

Risk retention alternatives. We assist in evaluating captive carrier feasibility and assistance in evaluating the benefits, costs, and risks of alternative retention limits. We also evaluate commercial insurance proposals and provide information for use in negotiating insurance prices.

Pricing and funding. We prepare actuarial feasibility studies for internal and regulatory purposes, evaluate funding requirements corresponding to targeted probability levels, evaluate the impact of potential loss variances on funding, and allocate premiums for commercial insurance and/or self-insurance funding among departments.

Financial modeling. We do pro forma projections, which include income statements, balance sheets, and cash flow. We provide sensitivity analysis, including various trend and loss scenarios.

Claims management. We assess and develop loss and loss expense control, audit claim files, and provide independent evaluation of claim service providers. We also analyze case reserves and practices and assess operational design and effectiveness.

Other services. We evaluate proposed legislation and provide expert testimony. We also teach educational seminars and perform research on current topics.