Employee Benefits Solutions
Workers compensation
Tailored, efficient solutions for a complex task
Milliman is familiar with legal and regulatory requirements in the individual states as well as with industry-specific issues that can affect workers' comp coverage. We can help clients develop customized workers’ comp solutions that save both time and money.
Milliman workers compensation solutions
Claims consulting
Our services combine technical assessments of claims handling with broader management concerns. We generate recommendations that address the entire scope of our clients' policies and practices.
Private workers compensation services
In addition to specialized actuarial services for workers compensation, Milliman offers professional consultation in other areas (e.g., claims) to help clients streamline other critical facets of their operation.
Self-insured workers compensation services
Self-insured workers comp providers will benefit from Milliman's reserve analysis, funding analysis, and our cost-benefit analysis to determine the level at which stop-loss protection should start.
Predictive modeling
Predictive modeling has become increasingly important as a key decision-support tool in the management of workers compensation claim costs.
Manage extended claims to make better decisions
Milliman LCase® supplements existing claims management software by providing specific data fields for key claim information for the small percentage of liability claims that stay open for extended periods and make up the bulk of the ultimate dollars to be paid.
Analyze claims data to optimize management and reduce costs
Milliman Nodal™ is a web-based predictive modeling and decision-support system used for early claim intervention. It uses machine learning to analyze a wide range of claims data and predict claims that are likely to incur high costs.
COVID pandemic effect on the workers’ compensation market
Several states enacted measures to increase the likelihood that workers compensation coverage would be available as a remedy to essential workers. This has created significant exposure for work comp insurers, and great uncertainty for estimating reserves at year-end 2020, and for pricing policies covering 2021 exposures.