Insurance Solutions
Takaful services
Serving the modern Takaful insurer
Our consultants offer specialised services in life insurance and financial services, investment, property and casualty insurance, employee benefits and healthcare. With demand for Sharia-compliant financial products expected to grow by double digits in the coming years, Milliman is your partner for creating commercially viable solutions to meet the market.
A comprehensive approach
We go beyond basic actuarial services to address the operational, risk management and strategic capabilities that drive lasting success. We can review business plans, assist with product development, surplus distribution and wakalah fees, management and monitoring, regulatory and audit assistance and much more. Our local experts stand ready to assist you with the full spectrum of business needs.
Milliman Takaful services insight
Milliman Takaful products
IntelliScript
IntelliScript combines industry-leading data and analysis to provide insurers the knowledge, tools, and insight to confidently assess risk.
Integrate
Automate and accelerate actuarial modelling and reporting with a powerful, cloud-based solution.
VEGA
Streamline Solvency II compliance with a multi-user, multi-site tool for Standard Formula SCR and quantitative reporting templates.
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.
Solys
Answer complex questions about strategy, customer acquisition, revenue generation and business optimisation.
Nodal
Analyse a wide range of claims data to identify those likely to incur high costs, helping optimise management and reduce costs.
Pixel
Identify new market sectors, pinpoint adverse selection, and make better pricing decisions with a web-based premium comparison tool.
Milliman Takaful services
Asset allocation
Achieve more consistent returns with impartial, data-driven advice tailored to your needs.
Capital management
Assess capital requirements under a wide range of frameworks and get effective strategic advice on how to manage capital.
Complex risk assessment
Manage threats and opportunities related to complex non-financial risks among people, systems, and the external environment.
Enterprise risk management
Embed ERM best practices into your organisation to create a structured and sustainable business management process.
Feasibility studies
Our consultants combine P&C expertise, captives experience, and a high standard of service to provide clients with meaningful, quality feasibility studies.
IFRS insurance contract consulting
Meet exacting standards while managing the operational and strategic implications with our modelling, actuarial, and consulting skills.
Mergers & acquisitions
Succeed with purchase and divestment of healthcare and insurance assets, whether a single line of business or an entire company.
Model review and adjustment
Validate internal and third-party catastrophe modelling to reduce risk exposure and improve decision making.
Milliman Managed Risk Strategy
Stabilise the volatility of an investment portfolio during periods of significant and sustained market declines.
Operational consulting
Milliman healthcare consultants with in depth knowledge of Medicare Advantage programs provide services to support Part C and Part D plan sponsors in operating their plans.
Predictive analytics solutions
Uncover valuable information hidden in your data, allowing you to take action on key business insight.
Pricing and operational reviews
Milliman can partner with specialist hedge funds and other investors to establish best practice underwriting procedures through independent operational reviews and portfolio assessment.
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.
Regulatory compliance: Insurance
Our experts guide clients through the confusing maze of ever-changing insurance laws worldwide.
Risk advisory services
We help clients identify, evaluate, manage, and mitigate complex, dynamic, and increasingly interrelated risks.
Risk framework assessments
Create an effective corporate risk framework to align across business units and mitigating cross-functional risks.
Securitisations
We advise on structured finance insurance solutions, participating in securitization transactions and privately funded and letter-of-credit transactions.
Solvency II
Manage Solvency II implementation across pricing, underwriting, risk management, reporting, and more.
Startup property & casualty insurers
Build on a solid foundation with decades of insurance expertise combined with cutting-edge technology innovation.
Underwriting and operations
Improve risk selection, pricing, and profitability with comprehensive underwriting services and data.
Insurtech consulting
Select insurance-related technology solutions that solve your key challenges and make the most of data.