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Article

The impact of AI to life insurer value

First paper in a series that will explore strategic areas where life insurers may deploy artificial intelligence (AI): in underwriting, customer experience, risk assessment, fraud detection, and operational efficiency.

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Briefing note

Introduction to artificial intelligence

What are the key risks for insurers to consider over the short to medium term?

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White paper

An actuary’s guide to Julia: Use cases and performance benchmarking in insurance

Julia is a general-purpose open-source programming language that debuted in 2012, prioritizing ease of use and execution efficiency.

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Article

Exploring large language models: A guide for insurance professionals

In this introduction to large language models (LLMs) for insurance professionals, we discuss how these components of artificial intelligence are trained to produce accurate results.

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Article

The role of NLP and AI in third-party litigation funding: How insurers can leverage data analytics to level the playing field

Third party litigation funding (TPLF) has emerged as a powerful tool for plaintiffs seeking financial assistance to pursue legal action. 

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Article

Anomaly detection techniques in fraud detection, performance optimization, and data quality

Methods to detect anomalies can be used to find fraudulent claims in insurance, especially in products with a large frequency of payments, such as in healthcare.

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Article

How to reduce total cost of risk using artificial intelligence and machine learning

This article discusses how artificial intelligence and machine learning are used to gather comprehensive claims data from structured and unstructured data fields, solving complex problems and reducing total cost of risk.

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Article

WC Market Outlook: After years of successive rate decreases, how can workers’ compensation insurers stay ahead of the curve to maintain profitability?

Claim analytics using artificial intelligence represents a proven method to reduce claim severity and improve the efficiency of claim-handling resources.

Article

Do you know how and when you will die?

Big Data can now provide you with the most likely scenario of how and when you will meet your end. So, what will it mean for the future of risk management and lifestyle planning?

Research Report

Data science usage in life (re)insurance

An overview of data science approaches, plus results of our survey on usage in the industry.

Article

Mind your ABCs

Recent technologies—particularly AI, blockchain, and the cloud—will help spur vital disruption and infuse new life into the insurance landscape.

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Milliman augmentation & AI products

Predictive analytics
Predictive analytics

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Financial modeling and industrialization
Financial modeling & industrialization

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Litigation cost analytics
Litigation cost analytics

Datalytics-Defense

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