Navigate today’s most pressing health industry challenges with a leading global expert by your side.
Discover intelligent digital solutions to help improve outcomes, manage costs, and solve the toughest healthcare challenges.
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
Insurance risk assessment
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.
Risk technology plays a major role
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.
Market and credit risks are only two components of enterprise risk management. Companies also need to consider strategic and operational risks, which can be far more elusive—and equally adverse. These non-financial risks often involve interactions among people, systems, and the external environment, making them much harder to quantify. Some examples include the risk of fraud, business discontinuity, or major systems failures.
Milliman has developed a proprietary methodology to help companies identify and manage potential threats and opportunities and understand their risk profiles relative to corporate objectives. This methodology gives clients a more sophisticated understanding of their full risk profiles, improving their abilities to manage their greatest challenges.
Known as CRisALIS™—Complexity-based Risk Analysis—this structured and repeatable process enables companies to unravel the complex interrelationship of risks across their business, and provides an early warning system for emerging risks.
CRisALIS combines methods used in engineering and behavioral science to build a detailed cognitive map of potential weaknesses and problems within an organization and provides tools to help monitor and manage them. By using both in-person interviews with company staff and mathematical data analysis, CRisALIS offers a more in-depth picture of enterprise-level risk.
A major insurer needed a reliable method for calculating operational and strategic risks to demonstrate to ratings agencies it had adequate capital under all plausible foreseeable conditions.
Milliman used the CRisALIS methodology to assess the overall enterprise-level risk exposure, identifying the key risk factors and showing how to construct tangible scenarios for these difficult risks. The methodology yielded a repeatable process for future years that would incorporate new business and created an audit trail for the data. In this case, the company's in-depth research and thorough documentation convinced the agency to award the insurer a rating upgrade.
Ask the tough questions. We’re ready for them.