Navigate today’s most pressing health industry challenges with a leading global expert by your side.
Meet growing needs for innovative insurance solutions while increasing operational health and improving compliance.
Deliver on the promises of the past and create smart solutions for the future.
Manage complex risks using data-driven insights, advanced approaches, and deep industry experience.
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.
Using actuarial science and predictive analytics, Milliman helps clients maximise the profitability of service contracts and to efficiently manage the risk underlying their warranty programs.
The success of a warranty and/or service contract program relies on proper forecasts and analytics. These forecasts depend on a number of factors that go far beyond simply projecting product failure—including warranty cost and duration, product mix, seasonal patterns, and changes in consumer behaviour.
As leading experts in this area, Milliman actuaries bring decades of experience to the warranty business, offering both insurance and non-insurance clients a deep understanding of the risk involved in the following types of warranty products:
Our expertise also extends to a wide range of applications, including consumer electronics, automobiles, homes, brown and white goods, as well as non-traditional exposures.
Our understanding of the financial mechanisms underlying risk provides a competitive advantage that helps warranty providers and insurers maximise profitability. Our assessments are based on a methodology that has been reviewed and approved by most major auditors.
We offer consulting services that cover all major warranty-related issues, including the following:
Milliman clients include insurers, captive insurers, manufacturers, retailers, administrators, law firms, and start-ups.
Our use of predictive analytics gives clients another competitive advantage to help maximise profitability. Our models help identify what segments of our clients' portfolios are most profitable, allowing the business to make educated pricing and marketing decisions.
Ask the tough questions. We’re ready for them.