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Milliman’s Excess Product Suite is a set of tools that can be used to improve the pricing and underwriting of medical excess products. The tools are based on the same underlying data as Milliman’s Health Cost Guidelines, an industry gold standard used by insurers, managed care organisations, and third-party administrators to estimate expected claim costs and model healthcare utilisation.
The suite was developed through the cooperative efforts of Milliman’s actuarial consultants and represents a combination of their research, experience, and judgment. It contains the following products:
These tools, which can be licensed individually or as a discounted package, are designed to assist you in managing risk while remaining competitive in existing business retention and new business acquisition. Initial training is included in the lease price.
The Excess Product Suite is available for licensing through your Milliman consultant. If you do not have a relationship with a Milliman consultant, please contact Rob Bachler or Nicholas Johnson.
Nick Johnson is a consulting actuary specializing in healthcare in Milliman’s Seattle office. He joined the firm in 2009.
Rob Bachler is a principal and consulting actuary with Health practice in the Seattle office of Milliman. He joined the firm in 2008.
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