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PREDICTIVE ANALYTICS

See what’s ahead

Insurance has always been a data-driven business, but emerging technologies in the area of machine learning and artificial intelligence promise to enable a new generation of insights that look into the future, not just back to the past.

Build a smarter future

Tomorrow, delivered

The vast amounts of information produced by insurance technology holds the promise to enable accurate predictions, competitive insights, and intelligent actions.

Powered by the cloud, enriched with powerful new modeling methodologies, predictive analytics are powerful tools—for those who know how to use them.

Video

What is predictive analytics?

See how Milliman predictive analytics helps clients uncover value in their data.

Video

ERM: Evolution and transformation

Enterprise risk management is evolving, and insurance companies now have more sophisticated ways to control information.

White paper

An application of generative AI in the insurance industry: Analysis of movements in best estimate liability case study

We investigate the emerging threat of AI-generated car crash photos, focusing on how fraudsters exploit the technology to create fraudulent claims.

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Article

The importance of evaluating outside defense attorneys' performance for optimal case outcomes in P&C insurance

Insurers must have a solid understanding of their defense attorneys’ expenses. Here are some key metrics and benefits of conducting a performance analysis.

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Survey

Milliman Fixed Indexed Annuity and Multi-Year Guaranteed Annuity lapse experience study

A survey of 13 Fixed Indexed Annuity (FIA) and Multi-Year Guaranteed Annuity (MYGA) writers on several aspects of dynamic adjustments to base lapse rates due to differences between their current and perceived market or competitor crediting rates.

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WHITE PAPER

Mortality trend prediction using machine learning

Compared with traditional mortality models, machine learning algorithms can significantly improve the forecasts of future mortality rates.

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Products

Milliman related products

Insurance risk assessment
Insurance risk assessment

IntelliScript

IntelliScript combines industry-leading data and analysis to provide insurers the knowledge, tools, and insight to confidently assess risk.

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Financial modeling and industrialization
Financial modeling & industrialization

Integrate

Automate and accelerate actuarial modeling and reporting with a powerful, cloud-based solution.

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Auto policy underwriting

Milliman AccuRate Fleet

AccuRate Fleet™ is a usage-based insurance score designed to enable more accurate pricing of fleet exposure and driving behavior risk.

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Litigation cost analytics
Litigation cost analytics

Datalytics-Defense

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

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Predictive analytics
Predictive analytics

Nodal

Analyze a wide range of claims data to identify those likely to incur high costs, helping optimize management and reduce costs.

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Premium comparison platform
Premium comparison platform

Pixel

Identify new market sectors, pinpoint adverse selection, and make better pricing decisions with a web-based premium comparison tool.

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Geographic rating insights

PinPoint

Milliman PinPoint delivers relevant geographic rating insights to your system at the point of decision through a simple API.

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Predictive analytics
Predictive analytics

Recon

Visually explore industry experience against your own and make intelligent decisions based on drivers of policyholder behavior.

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SERVICES

Related Milliman services

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