Navigate today’s most pressing health industry challenges with a leading global expert by your side.
ACO utilization & cost evaluation
Healthcare cost modeling
Preventive digital health
Insurance risk assessment
Medicare plan selection solution
Healthcare risk adjustment
Meet growing needs for innovative insurance solutions while increasing operational health and improving compliance.
Property & casualty advisory services
Modern flood insurance program
Investment, advisory & trading services
Financial modeling & industrialization
Geographic rating insights
Premium comparison platform
Retirement & Benefits
Deliver on the promises of the past and create smart solutions for the future.
Pension administration & communication
Retirement benefits administration platform
Compensations & benefits
Benefit plan evaluation
Health & welfare benefits administration platform
Manage complex risks using data-driven insights, advanced approaches, and deep industry experience.
Auto policy underwriting
Software performance enhancement
Mortgage platform for investments & reinsurance
Solvency II reporting & compliance
This is a place where your ideas and insights make an impact. Where an independent, entrepreneurial spirit is an advantage. And where diversity of thought and experience makes us who we are.
Data-driven insight. Deep expertise. Transformative innovation. Since 1947, Milliman has delivered intelligent solutions to improve health and financial security.
MG-Hedge® is Milliman's system for risk analysis and market exposure hedging. The core of the system is a market scenario generator that produces thousands of time series paths based either upon a risk-neutral methodology or upon a "realistic scenario" methodology.
First introduced in 1998 and refined many times since then, the system stands out for its ability to perform calculations at the individual policy or loan level. Where other programs typically aggregate data and make broader assumptions, MG-Hedge generates data based on a client's actual portfolio, which can then be used to precisely calculate the optimal course of action.
Our sophisticated modeling—which for any given application might include stochastic volatility and/or stochastic interest rates in a stochastic-on-stochastic framework—allows us to determine clients' best possible hedging strategies.
Milliman has implemented versions of the model that reflect the correlated characteristics of various market risk factors or even multiple economies around the world. This insight gives clients a more realistic view of how market changes will affect their risk profiles and actual trading activities.
MG-Hedge works with Trade Positioning System™ (TPS), a Milliman tool that combines live market data and the output from MG-Hedge to develop hedging recommendations. This tool is also used to track trading. TPS is capable of using both over-the-counter and exchange-traded derivatives for hedging. Together with MG-Hedge, TPS provides a seamless software suite to manage liability risk.
MG-Hedge is designed and supported by an integrated team of software engineers, actuaries, and capital-markets professionals. Our many years of experience managing risk for diverse clients gives us unparalleled insight into how to best use MG-Hedge to achieve each client's objectives.
Ask the tough questions. We’re ready for them.