Federal and state government contracting services: Insurance consulting


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Milliman’s extensive experience in contracting with federal and state governments enables us to assist agencies with critical and complex issues, including retirement funding, healthcare financing, risk management, and regulatory compliance. Our actuaries and advisers are leaders in their fields, having diverse experience with some of the largest state and federal agencies. We work closely with our clients to ensure they have an overall picture of their current situation, the market, and potential course of action. Milliman has successfully developed and maintained federal contract status under the General Services Administration (GSA), including the schedules Mission Oriented Business Integrated Services (MOBIS) and Financial and Business Solutions (FABS). Our work spans key service areas such as:

Modeling

Milliman consultants are experts at using enhanced modeling techniques to deliver improved insight into your fundamental risks, including in areas such as healthcare, staffing, and insurance. We rely on a range of tools and methods from quick estimations using deterministic models to complex cloud-based stochastic projections exploring dynamic variables. By using the right tool for any job, we can efficiently identify the expected returns on a portfolio of complex risks, while also understanding and managing the related volatility. We can model at the policy level or deploy sophisticated compression techniques to increase speed while maintaining accuracy. We have significant experience in deriving valuable information from large unstructured datasets. We also offer agile solutions that can power rapid research and ad-hoc deployment, helping our clients quickly develop new solutions to address challenges and enhance their understanding of relevant risk exposures.

Credit risk

Our team of knowledgeable professionals—with a broad range of backgrounds in mortgage banking, actuarial science, economics, insurance, and technology—is specifically dedicated to analyzing mortgage and credit risk, and our knowledge of the industry is unparalleled. We do this in part by building econometric models, conducting default scoring, and assessing repurchase risk. Our models are transparent, intuitive, and informative.

Crop Insurance

We provide the Risk Management Agency (RMA) of the U.S. Department of Agriculture (USDA) valuable insight on the monitoring of private policies of multiple peril crop insurance for agricultural producers. Our work with carriers has included development of rates, contracts, loss-reserve calculations, analysis of new products, and measurement of the rate of return on capital at risk—all of which allows us to give sound advice on rate approvals, administration, and reinsurance through RMA crop insurance programs.

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