Skip to main content

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 modelling 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.

Watch the video
Podcast

Artificial intelligence and insurance, part 2: Rise of the machine-learning models

Milliman data science leaders discuss the opportunities and challenges of using…
Listen now
Article

Exploring large language models: A guide for insurance professionals

In this introduction to large language models (LLMs) for insurance professionals…
Read the article
Podcast

Artificial intelligence and insurance, part 1: AI’s impact on the insurance value chain

Artificial intelligence has been the buzz term of 2023....
Listen now
Article

8 steps to a successful AI adoption strategy for claims departments

Artificial intelligence (AI) is rapidly transforming the insurance industry,…
Read the article
White paper

Building a high-performance in-house life projection and ALM model: Architecture and implementation considerations in Python

Designing and building a custom life insurance projection and asset and…
Read the white paper
Briefing note

Applied unsupervised machine learning in life insurance data

This article summarises the results of a research study on accelerating…
Read the article
Article

Explainable AI in fraud detection

How to use explainability to fight fraud
Read the article
article

Evaluating supervised machine learning classification models in healthcare analytics

Being able to evaluate a machine learning (ML) model is essential part of the…
Read the article
WHITE PAPER

Improved mortality rate forecasting using machine learning and open data

Compared with traditional techniques, state-of-the-art machine learning…
Read the white paper
WHITE PAPER

Mortality trend prediction using machine learning

Compared with traditional mortality models, machine learning algorithms can…
Read the white paper
Article

Classification of insurance claim emails

Using a hybrid model for health claim email filtering could significantly reduce…
Read the article
Article

Data analytics and AI application in life insurance

Life insurers are embracing the use of machine learning (ML) and artificial…
Read the article
Article

The Rise of Python: Powerful, robust calculation software

Why are actuaries starting to use Python programming? Learn more in this…
Read the article
Article

Innovate to Win: Harnessing the power of data

Data is a key component when you are attempting to identify opportunities and…
Read the article
Article

Good practices in the application of predictive analytics

This presentation given at the Society of Actuaries in Ireland’s Annual…
Read the article
Article

Making predictive analytics work for you

Learn how predictive analytics differ from other approaches to data—and…
Read the article
Article

What predictive analytics can tell us about key drivers of MSSP results

This article provides insight into the 2015 gross savings/(losses) achieved by…
Download PDF
Article

Applications of predictive analytics in long-term care

This article examines two case studies demonstrating the use of predictive…
Download PDF
CLAIMS ANALYTICS

Milliman P&C AI Claims Solutions

Identify and manage high-cost P&C insurance claims with the power of AI and Milliman expertise.

Learn more
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.

Financial modeling and industrialization
Financial modelling & industrialisation

Integrate

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

Litigation cost analytics
Litigation cost analytics

Datalytics-Defense

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

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.

Predictive analytics
Predictive analytics

Recon

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

SERVICES

Related Milliman services

CCRC consulting services

Manage risks and ensure profitability with a full range of analytical and actuarial services tailored to the needs of CCRCs.

Learn more

Climate resilience consulting

Plan for climate-related issues with sophisticated models representing more than 30 years of expertise.

Learn more

Flood insurance

Improve flood insurance with independent flood rating and underwriting, ratemaking, and competitive analysis.

Learn more

Insurtech consulting

Select insurance-related technology solutions that solve your key challenges and make the most of data.

Learn more

Predictive analytics solutions

Uncover valuable information hidden in your data, allowing you to take action on key business insight.

Learn more

Property analytics

Match price to risk, get better ratings, and improve profitability in the most difficult markets.

Learn more

We’re here to help

Ask the tough questions. We’re ready for them.

Contact an expert

We’re here to help

Ask the tough questions. We’re ready for them.

Contact an expert
popup image