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Actuarial and reserving insight from Milliman

For over fifty years, Milliman has helped insurers and self-insureds guide and improve their businesses. We provide the industry with thought leadership in the essential areas of reserving, pricing, analytics, risk based decision-making, and business transformation. We’re proud to share our expert thinking.

The actuary’s guide to the Code of Professional Conduct

If you are an actuary practicing in the United States, you are (hopefully) aware of the Code of Professional Conduct (the Code).

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Leveraging AI-powered analytics to understand, allocate, and manage insurers’ legal spend

As defense and indemnity expenses continue to rise, proven strategies to help insurers improve claim outcomes and control costs are needed.

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How will climate change impact real estate?

Climate-driven changes are becoming more and more intertwined with the business and financial risks managed by insurance companies and the actuarial profession.

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Geocoding for insurance: An overview

Geocoding is a fundamental part of the property insurance workflow, but its implications and impacts are not always well understood.

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Commercial auto liability: Summary of 2022 statutory financial results

Key year-end 2022 financial results for U.S. commercial auto liability writers based on data available from S&P Global Market Intelligence software.

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Forecasting the housing market: An economic outlook of housing affordability and home prices

There has been a high degree of uncertainty around the housing market as we emerge into a post-pandemic world.

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An actuary’s guide to high inflation

We discuss factors that a reserving actuary may need to consider in this record-…

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Climate displacement in NYC: Making space for our neighbors

Rebuild by Design, an organization that helps communities build resilience,…

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Challenges ahead for MPL insurers?

Medical professional liability has been a profitable business line for the…

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The balance sheet risk of unused gift cards

Estimating the liability of outstanding gift cards can be significantly more…

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Workers’ comp returns to double-digit premium increases

We review the key financial results for U.S. workers’ compensation writers…

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LPL market remains strong – but for how long?

The LPL market continued to show strong financial results in 2021, but the winds…

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The ultimate guide to predictive analytics in P&C insurance claims

As analytics move increasingly into operations, we aim to demystify the topic…

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Four simple metrics that provide significant value in a property & casualty actuarial report

We highlight key metrics for risk managers and others to focus on when dealing…

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Insights into consumer demand for flood insurance: Trends in take-up

Utilizing available data, Milliman has developed a take-up rate model that can…

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Does it ever make sense for firms to pay ransomware criminals

Following AXA’s decision to scale back underwriting insurance that…

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Vaccine mandates and vaccine injuries: An unexpected cost to the workers’ compensation system

Review our estimates for future costs of the U.S. workers’ compensation…

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The toll of increasing construction labor and supply costs on insurance

As home improvement demands have increased during the pandemic, stressed supply…

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Ruff stuff: The time for pet insurance is MEOW

Learn how market size, past growth, and future potential is making pet insurance…

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Three ways to avoid cyber-related D&O costs

The number of ransomware attacks in the first half of 2021 alone exceeded all of…

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Will space travel insurance become as common as auto insurance?

As Jeff Bezos, Richard Branson and passengers make it to space, a new area of…

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This can be one of the costliest mistakes in an M&A deal

To balance the time-sensitive nature of the M&A process with the need to…

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Understanding California wildfire risk

The 2020 wildfire season so far has offered no relief, with CAL FIRE reporting…

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Social inflation’s disruption of data, metrics, and forecasts

Social inflation—the increase in lawsuits and related penalties—may…

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Your data is better than you think: using AI for insurance claims

Data quality is a common concern among insurers and has long been viewed as a…

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A case for data science

How Milliman used analytics to develop a predictive app for a transportation…

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Effective governance

While improvements in governance and regulatory oversight over the last two…

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Individual claim reserving models: Adding value

Individual claim models (ICMs) is an emerging area of research and practice…

Actuaries and reserve adequacy

Read our observations on the cyclical nature of P&C reserves and solutions…

Actuarial model governance: Empowering people with technology

This paper aims to contribute to the growing awareness of governance best…

Recommendations for developing a Stress and Scenario Testing framework

This note provides high-level recommendations for insurance companies when…

Reimagining Reserving

There are smarter ways to evaluate your insurance loss costs

Read our series on reimagining reserving to learn more

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