Insurance Solutions
Actuarial outsourcing
Skilled capacity on demand
With increasing internal cost pressures, growing model complexity, and a talent gap for specialist skills, many actuarial teams find themselves needing outside support. Milliman provides high-value actuarial outsourcing using teams consisting of local experts and our consultants based in New Delhi, India. Cost-effective, high-value, and scalable, our fully managed actuarial services help you focus on value-added analysis while we ensure the highest possible levels of quality in foundational work.
Milliman outsourcing solutions
A trusted partner
Milliman uses a hybrid approach, pairing onshore consultants with offshore teams to ensure high availability, local expertise, and cost-effective capacity. This enables close collaboration and effective communication while maintaining the cost and scalability benefits of outsourcing.
Broad expertise
With our deep talent bench, our teams can provide more than the basics. Milliman can deliver top-quality outsourced services in a wide range of areas, including:
- Business as usual reporting
- Predictive/data analytics
- Experience analysis
- Model migration/implementation/optimization
- Automation/industrialization
- Pricing/product development
- Statutory reserving/reporting
- Strategy development/review
Milliman outsourcing Insight
See how Milliman is helping businesses globally
Milliman outsourcing products
Integrate
Automate and accelerate actuarial modelling and reporting with a powerful, cloud-based solution.
Solvency II Compliance Assessment Tool
Monitor and assess compliance with Solvency II while creating an audit trail of completed work and a development plan for future actions.
Milliman outsourcing services
Capital management
Assess capital requirements under a wide range of frameworks and get effective strategic advice on how to manage capital.
Catastrophe reserving and loss reserve verification
Understand the impact of a large event on your portfolio, including analysis of loss-expected contract carve outs.
Claims consulting
Lower loss and loss adjustment expense costs, get litigation support, and improve claims operations.
Economic capital modelling
Use capital more efficiently to protect against financial risk and comply with growing rating and regulatory requirements.
Enterprise risk management
Embed ERM best practices into your organisation to create a structured and sustainable business management process.
Financial risk management
Work with a global leader in financial risk management to the retirement savings industry with more than $142 billion under advisement.
IFRS insurance contract consulting
Meet exacting standards while managing the operational and strategic implications with our modelling, actuarial, and consulting skills.
Predictive analytics solutions
Uncover valuable information hidden in your data, allowing you to take action on key business insight.
Product development and pricing: Insurance
Deliver sophisticated and progressive insurance products at reasonable cost with the help of our data, analytics, and consulting expertise.
Regulatory and financial reporting and analysis
As regulatory and financial reporting standards continue to evolve, our consultants provide support to life insurance companies in Africa.
Regulatory assistance and model reviews
Get help with the actuarial aspects of financial exams, rate filing, and model reviews related to catastrophic risk.
Solvency II
Manage Solvency II implementation across pricing, underwriting, risk management, reporting, and more.
Underwriting and operations
Improve risk selection, pricing, and profitability with comprehensive underwriting services and data.