Milliman News
Data Points: Attorney Impact on Commercial Auto Losses
Commercial auto insurance loss severity rose about 5 percent per year during the five-year period ending 2019, as the proportion of claims that had attorney involvement increased to nearly 30 ...
InsurTech Product News From Milliman, Tractable
Milliman unveiled a suite of flood InsurTech products that the consulting firm said it designed to ease market entry for private insurers, startups and MGAs. Separately, InsurTech unicorn Tractable ...
U.S. Flood Models Are Still in Their Infancy, So Underwriters Must Be ‘Cautious Consumers’
The market for privately written inland flood insurance in the United States is growing rapidly, but flood modeling is still in its infancy. As a result, underwriters need to be aware of the ...
Data Analytics: The ‘Buy vs. Build’ Question
Insurers have long wrestled with the question of whether it is better for them to buy or build their information technology; that is, whether it is better for them to develop their own proprietary ...
Former Citizens CRO Rollins to Lead New P/C Team for Milliman in Tampa
Milliman Inc., a global consulting and actuarial firm, has added a property and casualty team to its Tampa, Fla., office in response to the growing demand for the firm's property insurance analytics. ...
Milliman’s Pixel Gives Insurers Custom View of Competition’s Impact
Consulting and actuarial firm Milliman announced the availability a competitive intelligence tool for insurance companies last week called Pixel. According to Milliman, Pixel is a web-based, ...Milliman Releases Arius 2.0 Loss Reserving System
As presented at the Casualty Loss Reserve Seminar in Boston, global consulting and actuarial firm Milliman Inc. announced last week that it has released version 2.0 of Arius, its loss reserving ...
Text-Mining Analysis Links Drug-Impaired Driving To Higher Injury Rates
"On medication" may not be one of the check boxes on carrier claims forms, but by hunting for such a description in adjuster notes, auto insurers can improve their results, a consultant reports. ...