HEALTH SOLUTIONS
Market entrants
Entering the health insurance market
Every country’s health insurance market is unique, and India is no exception. Navigating the complex relationship amongst regulator, payer, provider, and intermediaries requires expertise and experience.
Milliman offers both. For companies entering the Indian health insurance market, we provide support for the full range of business needs, including regulatory filings, claims and underwriting strategy and manuals, product design and pricing, training and capacity building, reinsurance program design, provider contracting strategy, and technology selection. We can help your business focus on competitive innovation while minimizing cost, risk, and time to market.
Milliman market entrants services
Business plan
Health insurance business plan development and review
To succeed, you need a solid plan. Our services can help build your business plan at any stage. We can start from the ground up, review assumptions, or strengthen your existing plan in the context of Indian business, regulation, and healthcare markets.
New products
Data-driven innovation
Leverage our insights and expertise to develop and deliver successful health insurance products to the Indian market. We facilitate creative thinking while guiding product creation based on regional and global data and insights. Our services include product prototyping and pricing, feasibility analysis, sales and profitability scenario testing, product finalization and filing support.
Data and analysis
Health insurance market intelligence reports
Navigate the opportunities and challenges of the Indian health insurance market with the confidence of Milliman insights. We develop in-depth reports covering economic indicators, regulatory factors, market players and their strategies and product lines, financial ratios, and more.
Milliman market entrants insight
Milliman market entrants products
Health Cost Guidelines Suite
Estimate expected claims costs and model healthcare utilisation with Milliman’s Health Cost Guidelines™, an industry gold standard.
Milliman Health ClaimsRef
Reduce errors and improve cost savings with standardized, consistent claims processing tools.
MedInsight
Adopt the healthcare industry’s leading platform for data warehousing and healthcare analytics.
Milliman RapidHRA
Gain powerful insights into the health and risk profile of your employees—and give them the ability to monitor their own health and wellness. Flexible, secure, and cloud-based MillimanHRA provides objective, in-depth intelligence for better health.
Claim Reserve Estimation Workbook (CREW)
Estimate reserves accurately with our powerful, yet simple tool for estimating "incurred but not paid" claim liabilities.
Individual Medical Underwriting Guidelines (IMUGs)
Evaluate the expected relative cost of an individual applying for coverage with detailed ratings on more than 1,400 conditions.
Milliman Advanced Risk Adjusters
Fuel population health analytics and manage risk adjustment with our award-winning suite of tools and data.
Milliman MIND
Milliman Mind is a flexible and easy-to-use web-based platform which automatically converts Excel spreadsheets into more powerful models.
Milliman Medical Underwriting Suite
Improve the medical underwriting process with a comprehensive suite of products based on Milliman Medical Underwriting Guidelines.