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Health technology plays a major role
ACO utilization & cost evaluation
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Meet growing needs for innovative insurance solutions while increasing operational health and improving compliance.
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Deliver on the promises of the past and create smart solutions for the future.
Pension administration & communication
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Manage complex risks using data-driven insights, advanced approaches, and deep industry experience.
Risk technology plays a major role
Auto policy underwriting
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Data-driven insight. Deep expertise. Transformative innovation. Since 1947, Milliman has delivered intelligent solutions to improve health and financial security.
Over 25 years of reserving software experience at your fingertips.
Arius® is a complete solution for analyzing unpaid claims liabilities, combining our industry-leading stochastic modeling tools with a robust suite of deterministic reserving tools and actuarial methods.
Property and casualty actuaries now have the tools you need to really understand your business, all at your fingertips. The result is a more efficient reserve analysis process, and a deeper understanding of the underlying insurance exposure, for more informed business decisions.
Arius Enterprise® builds on the Arius toolset to help you manage your overall reserving and reporting process, increase efficiency, and improve the accuracy of your reserve estimates.
With a powerful database, sophisticated analysis and reporting, automation, and rock-solid performance and security, your entire P&C reserve analysis process just got a lot better.
Arius Enterprise is an actuarial platform that streamlines your entire P&C reserve analysis process. It gives you:
The Arius database is custom designed to meet your company’s unique analysis style and reporting requirements and gives you complete control of your data.
Arius Enterprise provides your users with direct access to Arius, the industry’s leading reserve analysis tool set.
Arius does much of the mundane work of P&C reserve analysis for you, so you can spend your valuable time where it matters most.
Consistent analysis across your department adds efficiency to your overall process.
While you do most of your analysis down in the trenches, we understand that a lot of additional work goes into summarizing your results for final reporting.
Arius Enterprise helps you keep track of the status of all analysis projects throughout the reserving team.
The Microsoft Azure Cloud makes everything easier and more secure.
We know that managing the security over your reserving processes is important to you. It is to us, too.
Arius Enterprise combines immediate access to all your data, superior tools to analyze and report on your results, and systems to automate much of the routine work in your regular analysis process. You get analyses that are efficient, consistent, and accurate. You can be more confident in your results and add more value to your organization.
Our specialists will work with you to:
Arius Enterprise includes one of the most widely used actuarial analysis systems in the world.
The Arius Advanced Analytics module uses innovative data science and modeling techniques to provide new insights and help you make more informed decisions.
Winner of the 2021 and 2020 InsuranceERM Awards - Americas "Cloud Technology Solution of the Year," Arius Enterprise joins the leaders in enterprise risk management for another year.
With TOD, you’ll save hours every quarter summarizing and reconciling claim, expense, and other insurance data. TOD quickly rolls up hundreds of millions of records into triangles of any size and level of detail. Simply request your specific data sets from within Arius and all the resulting triangles appear in the system ready for you to use.
Milliman’s team of experts will work closely with both your actuarial and IT professionals to:
See how you can save hours every period rolling up, preparing, and reconciling loss, expense and claim details to meet your increasingly tight deadlines.
Milliman Claim Variability Benchmarks™ (CVB) are new industry benchmarks that:
CVB is the only tool on the market to dynamically assess estimates of reserve ranges, distributions, and correlation assumptions. With CVB, you can help avoid the costs of mis-estimating risk, which can lead to undercapitalization, underpricing, inadequate risk margins and other risk management issues, and improve the bottom line.
CVB provide comparative industry benchmarking information applicable to your specific needs. You can get any of the following comparative data for your chosen insurance line(s), your specific time period, and your selected company size or data set.
Derived from extensive testing of more than 179,000 insurance data sets and all long-tail Schedule P lines, the CVB help you understand and evaluate an insurance entity’s risk. Benchmarks are available for companies of all sizes and for companies outside the U.S.
The CVB guidelines can help assess model assumptions and results. In addition, the multiple model approach used in Arius to help derive the CVB provides a more robust estimate by also accounting for model risk.
The CVB use industry data to help you:
The CVB are available as an easy-to-use Excel add-in, so you can immediately benefit. Output is adaptable to reflect your company’s size and development patterns and includes line-of-business-based LDF patterns, unpaid distributions, and correlation values.
We’re passionate about partnering with people and working with new solutions to solve complex problems. Let’s chat about what’s going on with your business and how we can help.