Navigate today’s most pressing health industry challenges with a leading global expert by your side.
ACO utilization & cost evaluation
Healthcare cost modeling
Preventive digital health
Insurance risk assessment
Medicare plan selection solution
Healthcare risk adjustment
Meet growing needs for innovative insurance solutions while increasing operational health and improving compliance.
Property & casualty advisory services
Modern flood insurance program
Investment, advisory & trading services
Financial modeling & industrialization
Geographic rating insights
Premium comparison platform
Retirement & Benefits
Deliver on the promises of the past and create smart solutions for the future.
Pension administration & communication
Retirement benefits administration platform
Compensations & benefits
Benefit plan evaluation
Health & welfare benefits administration platform
Manage complex risks using data-driven insights, advanced approaches, and deep industry experience.
Auto policy underwriting
Software performance enhancement
Mortgage platform for investments & reinsurance
Solvency II reporting & compliance
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.
Regulatory complexity and an increased pace of change have caused many life insurers to begin a slow but deliberate migration to using a single software platform for pricing, modeling, and valuation.
Many pressures are driving this change, including the desire for:
Any single platform needs to be able to handle newer valuation requirements, too, beyond just rules-based valuation. Once a company has enough business on its books to trigger compliance requirements under VM-20, for example, they need to reprice products and prepare to value new-term and Universal Life Policies with Secondary Guarantees business.
If you’re like other life insurers in this situation, you’ve probably found yourself saying things like:
“The new regulations are putting pressure on us to deliver a higher volume of results, and our current systems don’t have the power required.”
“I need more resources than I have. But I don’t need them all the time, and I don’t want them to sit idle.”
“We’ve only got a handful of actuaries and they are forced to spend the majority of their time on compliance, rather than providing insight.”
The Integrate platform has helped many organizations work through transitions like these, with an approach that helps:
Every Integrate implementation includes input and guidance on best practices, as well as ongoing professional service support and model design for efficiency and sustainability. The result is an optimized model fit for production and other purposes.
Given the mission-critical nature of a single-platform approach, you need a partner who will provide robust service level guarantees and disaster recovery capabilities. The Integrate platform provides guarantees for both environment uptime and issue resolution, and managed disaster recovery is built into every aspect of the platform.
The cloud-native Integrate platform delivers highly scalable, elastic computing, with the ability to tap into virtually unlimited power on demand—ideal for handling the modeling-intensive compliance requirements of VM-20 and other principle-based regulatory requirements, and projecting reserve and capital needs to inform your management team.
Migrating pricing, modeling, and valuation to Integrate One has proven the best choice in this situation for many organizations. Simply moving to the cloud and onto a single platform meets many immediate needs, but it also provides a clear upgrade path to enable future growth.
Typical outcomes for a move to Integrate One in this scenario include:
A single platform approach combined with efficient model design and cloud computing can help you and your staff get more value from your efforts.
The powerful pricing tools in Integrate One and unlocked efficiency contribute to a boost in actuarial productivity.
Robust SLAs, disaster recovery capabilities, model design, and an annual model review all help assure management that Integrate will remain viable at all times.
Integrate’s unlimited computing capacity coupled with cloud-hosted reports and dashboards, all backed by market-leading support, help you master recent and emerging regulatory changes.
Moving to a single platform and leveraging cloud computing can allow a company to retire its on-premises grid, creating material savings while also increasing capacity and stability.
The key to continued growth is completing an organizational shift in environment, culture, and infrastructure.
Integrate can help you tame the inefficient sprawl and inconsistency that often accompanies rapid growth.
Adopt the Integrate platform at the ideal level for your organization’s business needs—with tiers of service ranging from simple calculations and basic modeling to a complete end-to-end solution.
Integrate One builds on Integrate Base, enabling you to keep up with the latest best practices and innovations, while helping you to tap into the power and flexibility of the cloud with more scalability, reliability, and the freedom to customize on an open platform with strong governance.
Integrate Two builds on Integrate One and provides a higher level of governance through powerful tools to manage and control model development and change.
Integrate Three builds on Integrate Two and represents a complete actuarial transformation, with an automated, end-to-end solution, from initial data integration to advanced reporting and storytelling.
Integrate Base replaces MG-ALFA as the next-generation actuarial calculation engine. This foundational modeling software is hosted in the cloud and provides enhanced operational support and full disaster recovery services.
Milliman, Inc., one of the premier global consulting and actuarial firms, today…
We’re passionate about partnering with people to
solve complex problems. Let’s chat about what’s
going on with your business, and how we can help.