Milliman
Reduce the cost, complexity, and risk of P&C insurance claims.
Milliman’s cloud-based solutions use data and AI across the claims lifecycle to help you intervene early, optimize litigation strategies, proactively identify overspend, and reserve more accurately. Choose the tools that meet your needs and add Milliman services to maximize value. Each solution is built by Milliman experts based on decades of experience and data.
Milliman Datalytics-Defense
Datalytics-Defense® offers a cutting-edge, AI-driven legal spend management solution designed to transform how insurance companies handle legal e-billing. The platform goes beyond basic invoice review, providing comprehensive analytics to optimize legal spend and claim outcomes.
Milliman Nodal
Nodal® is a comprehensive solution that uses artificial intelligence (AI) and machine learning to analyze structured and unstructured data.
Nodal® Claims Triage helps insurers and employers reduce claim severity by accelerating the identification of problematic claims with AI, allowing for timely implementation of cost-mitigation strategies. Harnessing the power of Natural Language Processing (NLP) to extract insights from adjuster notes and other unstructured data, predictive models help you triage claims quickly and accurately.
Nodal Medical Benchmarking helps clients compare WC outcomes to Group Health for the same conditions on a risk-adjusted basis. These benchmarks are based on Milliman’s proprietary Group Health database. These benchmarks bring transparency and allow WC payers to identify opportunities to reduce medical costs.
Milliman Nodal: Claims Triage
Milliman Nodal: Medical Benchmarking for Workers' Comp
Milliman Datalytics-Defense: Litigation Cost Analytics
Advantage
- Insurance expertise built-in
Benefit from a solution designed by actuaries with a deep understanding of the insurance business, ensuring confidence in your claims management approach.
- Dynamic reports
Access all data in a web-based tool and easily track KPIs and trends.
Features
- Predictive Analytics
Nodal: Organize unstructured data with powerful technology that will in turn predict volatile and high-cost claims by extracting information from adjuster notes shortly after the claim is reported.
Datalytics: Utilize predictive analytics to forecast future litigation costs and outcomes.
- Drive continuous improvement
Nodal: Identify high-cost claims more consistently, allowing claims departments to prioritize and allocate resources effectively.
Datalytics: Use consistent data to identify strategies and firms delivering the greatest impact, improving claim outcomes and legal spend.
Expertise
- One of the largest actuarial consulting firms in the world and the global market leader in actuarial consulting to the insurance industry
- Advises over 80% of the world’s leading insurers, working with 44 of the top 50 insurers globally
- Deep expertise in providing advanced predictive analytics and machine learning solutions for the insurance industry
- Combines global expertise and market-leading technical skills with local market presence, leveraging our in-depth knowledge of the regulations and markets in which we operate