Milliman is among the world’s largest independent actuarial and consulting firms. Founded in Seattle in 1947, Milliman has offices in key locations worldwide. Through consulting practices in employee benefits, healthcare, investment, life insurance and financial services, and property & casualty/general insurance, Milliman serves the full spectrum of business, financial, government, union, education, and nonprofit organizations. In addition to consulting actuaries, Milliman’s body of professionals includes numerous other specialists, ranging from clinicians to economists.
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Whether you are a buyer or a renter, it’s important for your safety to know whether your home is flood-prone. We’re curious, do you know whether your house has ever flooded due to weather-related causes? #Milliman #insurance #flooding #climatechange
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🏡 In many U.S. states, a home seller doesn’t have to tell a buyer about past flooding—leaving a new owner unprepared for higher insurance premiums and unexpected out-of-pocket costs. 🤝 Learn how Milliman research helped the Natural Resources Defense Council (NRDC) convince lawmakers to enact protective real estate legislation for people like ➡️ https://bit.ly/4f7InYW #Milliman #SolutionsforaWorldatRisk #insurance #climatechange #flooding
🚀 Day 1 at InsureTech Connect Vegas! Join us at Booth #2642 to learn more about our groundbreaking solutions—or just to say hi! 💡Don't miss Sheri Scott's presentation today at 3:05pm local time (Mandalay Bay Ballroom H). She'll be moderating a panel discussion on "Navigating the New Frontier: Mastering Emerging Risks with Innovative Pricing and Risk Transfer Strategies"' #Milliman #ITCVegas #InsureTechConnect2024
🔹 Impacts of PBM Transparency Initiatives on Drug Channel Stakeholders 🔹 As we approach significant elections in 2024 and 2025, transparency and reform in the healthcare delivery system continue to be a hot topic. In this white paper, our experts Chad Barker, Chris Page, and Matthew Berman explore the evolving PBM business model and its implications for various industry stakeholders, including specialty pharmacy, retail pharmacy, pharmaceutical manufacturers, and health insurers. #Milliman #healthcare #insurance #pharmacy
Like Irma (2017) and Ian (2022) before it, Milton will likely result in an insurance industry loss exceeding $20 billion. The exact quantum of loss will not be determined for years, because it takes a significant amount of time to identify, adjust, and settle claims on the enormous scale a hurricane produces. Read Aaron Koch and David Blake's expert analysis on the expected impacts of #HurricaneMilton on actuaries and the insurance industry going forward: https://bit.ly/3Nnzi2y #Milliman #insurance
It's open enrollment season, which means health insurance is top of mind for many of us. Plus, with the U.S. presidential election around the corner, you may be wondering how government programs could affect your healthcare costs. 🎙️ In the latest episode of Critical Point, Deana Bell, Dave Liner, and Jason Clarkson discuss the various factors affecting your healthcare costs this year. In just 20 minutes, you'll learn about: 🥼 How government programs like Medicaid and the Inflation Reduction Act impact commercial insurance ↗️ The growing use of weight loss medications 💸 How healthcare costs have changed since 2023 💰 How costs vary for Americans across the country Listen the the whole episode: https://bit.ly/3zzoHyi (Transcript available.) #Milliman #MillimanMedicalIndex #healthinsurance #insurance
Stay ahead in the ever-evolving pharmacy benefit manager (PBM) market with our comprehensive update on the latest dynamics shaping the industry and how it impacts the pharmacy supply chain. 💊 This livestream will explore how PBM profits are shifting, the introduction of rebate credits due to the 2024 list price reductions, emerging trends in PBM legislation, and the implications of PBMs entering the biosimilar distribution market. 💡Our goal is to equip you with the knowledge and strategies needed to thrive in this complex environment. Key takeaways will include: • Understanding how vertical integration is changing the financial dynamics of the pharmacy supply chain • Recognizing how the evolving PBM landscape may impact pharmaceutical manufacturers’ contracting strategies. • Leveraging Milliman’s expertise to navigate the intricate dynamics of each stakeholder. Presenters: Kristin (Miner) Niakan, Mark Gruenhaupt Moderator: Matthew Hayes Join us to gain a strategic edge and make informed decisions in the rapidly transforming PBM market. Register now! #Milliman #MillimanLifeSciencesLive #PBM
InsureTech Connect Vegas 2024 starts next week! This event is the world's largest gathering for those passionate about driving innovation in insurance and you can bet that Milliman is going to be there. Find us at booth #2642! 🚀 #Milliman #ITCVegas #BecauseofITC
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Great trip to Nigeria to help build actuarial capacity. I spent eight days in Nigeria setting the stage for the insurance industry to expand by building actuarial capacity. Milliman has a joint venture with the United Nations Development Program (UNDP) to help developing countries. For a country to expand economically and create a strong middle class, citizens and businesses need access to an affordable and strong insurance market. Actuaries play a key role in maintaining a strong and competitive insurance market. My colleagues and I spent eight days in Nigeria meeting with regulators, insurance company CEOs, the Nigerian Actuarial Society (NAS) , local actuaries and representatives from the United Nations. It was a great trip and we made many new friends. The pictures below are from the regulator workshop, an intense 16-hour workshop of training over two days in Abuja, Nigeria. My colleague Chris van der Merwe and I covered a lot of topics, including pricing procedures in the US and South Africa, loss reserving, risk-based capital (RBC), scenario testing, own risk and solvency assessment (ORSA), a case study on insurance insolvency, Solvency II, the future role of actuaries, identifying fraudulent motor claims and many more topics. The audience was very engaged and had a lot of questions. At times there was a good exchange of ideas between the attendees. A big shout-out to a couple of people for all of your help. First my co-presenter Chris van der Merwe, and then Kingsley Miller, President of the Nigerian Actuarial Society (NAS); Yeside Kazeem, Past President of NAS; Yeside Oredugha, CEO of NAS; and Daniel Adeleye from Milliman. Also, to Henry Akwitti of UNDP, thank you for coordinating all of the meeting and bringing us all together. Henry, it was also a pleasure getting to know you and having dinner together. Also, a thank you to Madeline Timmers from Milliman for helping with the presentation. Our goal is to provide support to NAS and help NAS expand actuarial capacity in Nigeria.
People who have chronic medical conditions have a better chance of qualifying for life insurance now than they did 25 years ago, thanks to innovative solutions developed by Milliman IntelliScript. 🤝 🔑 The key? Interpreting digital health data so insurers can evaluate risk in minutes rather than months. Discover how this modernization made all the difference in the full story: https://bit.ly/4enTBZE #Milliman #SolutionsforaWorldatRisk #lifeinsurance