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Data-driven insight. Deep expertise. Transformative innovation. Since 1947, Milliman has delivered intelligent solutions to improve health and financial security.
Reduce risk, optimize performance, and innovate for better health with expert consulting from Milliman.
Our long experience in healthcare and health insurance spans actuarial science, financial modeling, and advanced analytics.
With our breadth of solutions, you can always get the help you need. Whether you want to optimize financial stability, innovate new approaches, or improve compliance we have the expertise to help you succeed.
Milliman Benelux offers services ranging from regulatory reporting through strategic advice, Solvency II Actuarial, and Risk management Function Holder to work to data-driven technical models. We have deep expertise in data science & AI and insurance consulting.
Work with a global leader in actuarial services for across the healthcare spectrum: from healthcare providers, insurers and investors to governmental institutions, patient organisation and professional association. Comprehensive offerings and flexible delivery models ensure solutions tailored to your specific needs.
Gain insights and expertise to help you benchmark and monitor performance, control costs, optimize operations, and reduce risk.
Increase capital generation, reduce volatility and decrease required capital. Our support ranges from improving ALM management and hedging programs, to implementation of capital projection models. Ensuring your capital reserves suit your business goals and are aligned with the actual risk. Allowing you to gain a realistic assessment of future risk to make informed decisions in any economic climate.
Use advanced analytics to improve decision-making, manage risk, automate complex tasks, and enhance predictions. Our Benelux team offers formidable expertise in data science and AI for health insurers and providers. Powering innovative statistical approaches with limitless cloud scale, we uncover unique and valuable insights.
Get an expert opinion from Milliman, trusted for its independence and rigor. We provide external review for mergers, acquisitions, restructuring, litigation, and regulatory needs such as outsourced Solvency II Actuarial Function Holder and Financial Risk Manager roles.
As a wholly independent consultancy, we have no agenda other than getting it right, and we are passionate about making a measurable difference. Our global expert network offers unparalleled healthcare and health insurance with a unique ability to translate complex matters into actionable insights. We tailor our services to suit your needs and adapt as those needs change.
Solve complex strategic, operational, and regulatory challenges with practical and timely solutions. Get ahead of risk while enhancing patient care and improving cost management.
Get on-demand subject matter expertise for your internal projects. We work seamlessly with your staff, collaborating to achieve high-quality results. Our flexible approach can scale up or down based on evolving needs.
Access the talent you need when you need it. We augment your operations with expertise in actuarial, financial risk management, and data science.
Milliman Benelux has delivered outstanding results in supporting health insurers, governmental bodies and health care providers in risk equalisation and financial modelling, litigation support, actuarial reporting, data science and AI solutions, and much more.
Learn more about a specific topic by contacting your Milliman consultant or choose from our contact list.
Stay current with complex regulations such as Solvency II and IFRS 17 with Milliman’s industry-leading expertise. We consistently refine our methodologies and models to align with market experience and regulatory requirements.
Stay informed about European and local supervisory matters and respond effectively. For example, the European Commission approved the negotiating mandate for the Insurance Recovery and Resolution Directive (IRRD) in 2022. Most European insurers will need a pre-emptive recovery plan by the end of 2024.
We track the latest Solvency II 2020 review developments and provide updates through our Insight channel.
Milliman offers extensive experience in addressing the three pillars of Solvency II. We have particular strengths in the modeling complexities of Pillar I and the multiyear capital and balance sheet projections required for Pillar II ORSA.
Additional services related to Solvency II include:
Read some of our articles:
Risk equalisation can protect consumers and stabilize healthcare and insurance markets where risk rating is not allowed.
Our team has performed various projects for the Dutch Ministry of Health, Welfare, and Sport to improve the risk equalisation model for health insurers using Dutch healthcare consumption data and socio-economic factors.
Building on our deep knowledge from the Netherlands and the world, we help governments create effective risk equalisation systems tailored to local and national needs.
We support reinsurers in analysing the risk and profitability of covering Dutch health insurers and considering the effects of risk equalisation.
Sophisticated modeling tools and regulatory expertise enable accurate financial projections and reporting. Milliman valuation and projection tools assess how changes affect reserves and capital, delivering high-quality forecasts to support strategic decision-making. We are equally capable with proprietary and open-source solutions, with the independence to ensure objective selection.
Milliman’s experience spans open-source software and various market-available solutions. Our independence from specific software solutions allows us to effectively support you in software selection and implementation processes.
We developed and implemented a balance-sheet-management framework and capital projection tool for one of the largest health insurers in the Netherlands.
We supported health- and medical-liability insurers in developing and implementing asset-liability models and policies aligned with their specific goals.
Solvency II mandates insurers appoint an Actuarial Function and a Risk Management Function. Overcome resource constraints and conflicts of interest by handing these functions to an independent Milliman consultant on a collaborative or fully outsourced basis.
Our leading analytics solutions enhance decision-making, measure and manage risk, increase predictive accuracy, and automate complex tasks.
Combat fraud with sophisticated yet easy-to-implement models that only requires billing invoices for input. View anomalies through an easy-to-understand dashboard, enabling early action.
When it comes to modeling and AI, transparency builds trust. We can demonstrate why specific data was flagged using explainable AI techniques and meta-learning models.
Our machine-learning models forecast costs at the individual level, enabling accurate prediction of healthcare costs and as an alternative to actuarial and care-procurement models.
Enhance customer service with advanced consulting capabilities such as:
Milliman consultants can support you in all of these areas.
We help healthcare providers optimize patient care and financial outcomes with tools to enhance decision-making, measure and manage risk, increase predictive accuracy, and automate tasks.
Allocate resources efficiently in the face of rapidly aging populations and limited caregiver resources using data engineering and predictive analytics techniques.
Enhance customer service and reduce the strain on contact centres with intelligent chatbots.
Improve cost efficiency by identifying and addressing undertreatment, overutilization, and patients likely to face rising costs.
Measure and monitor performance for primary and chronic care scenarios to drive improvement over time.
Meet litigation challenges with high-quality expert testimony and the evaluation of settlement alternatives. Our Benelux team has testified on loss quantification, risk equalisation contributions, and other highly technical topics.
We participate in virtually every insurance M&A in Benelux, bringing you unparalleled expertise on pricing, transaction potential, advanced modeling, and post-deal capabilities. Our consultants provide flexible support for buyers and sellers, with real-world experience in the complexities of M&A projects and the actuarial and financial risk guidance that drives success.
During the preparatory phase, we assist you with preparing information memoranda, valuing existing and new business, adjusting portfolios and models, and making strategic presentation decisions. In the M&A phase, we contribute to discussions with potential buyers and provide support during technical sessions.
During due diligence, we identify opportunities and risks, perform in-depth analysis, lead expert sessions, and present results to inform decision-making. As part of post-deal integration, we support regulatory communication, entanglement process support, insurance portfolio integration, and the development of valuation and capital models.
After the contract is signed, Milliman aids in regulatory communication, securing formal sale approval, and completing the seller’s entanglement process. We help buyers integrate acquired portfolios or insurance entities, focusing on policies, claims, valuation, and capital models. Our experience in capital model integration helps ensure a successful acquisition and seamless incorporation into your risk management and reporting framework.
Take advantage of cutting-edge technology, rapid-response solutions, and efficient risk management approaches to combat rising cybercrime. We also help clients develop cyber-risk insurance products.
The health insurance sector has the potential to help society navigate emerging climate risks. We can work with you to identify and mitigate environmental, social, and governance (ESG) risks to your portfolio, anticipate future change, and incorporate sustainability topics in the ORSA and other reports.
Milliman Benelux Insurance & Financial Risk Consulting assists in selecting and implementing modern technology. Our independence from specific tools and other Milliman practices ensures unbiased support.
To learn more about software solutions developed by Milliman, visit the product page, or contact us.
Milliman tools and solutions support in addressing many healthcare industry needs in Benelux and beyond.
Milliman Mind is a flexible and easy-to-use web-based platform which automatically converts Excel spreadsheets into more powerful models.
Gain insightful visualizations and compare figures of European health insurers as reported in their Solvency and Financial Condition Reports.
Fuel population health analytics and manage risk adjustment with our award-winning suite of tools and data.
Estimate expected claims costs and model healthcare utilisation with Milliman’s Health Cost Guidelines™, an industry gold standard.
Analyse unpaid claims liabilities with industry-leading stochastic and deterministic reserving tools and methods.
Visit the Milliman Global products page for more information. You’ll learn about our powerful Milliman Mind solution, which can help you get a grip on complexities of end-user-computing, as well as actuarial software such as Arius for Non-Life reserving based on loss triangles.
Find our most recent articles below or visit our global insight page to search our publication library.
For more information on specific topics, contact your Milliman consultant or visit our contact list.
Methods to detect anomalies can be used to find fraudulent claims in insurance, especially in products with a large frequency of payments, such as in healthcare.
As more evidence emerges about long-term clinical impacts of Covid-19 and long Covid, insurers will need to consider the implications for medical underwriting.
With diabetes, adherence to noninsulin antidiabetic medications correlates with more outpatient and fewer inpatient visits, and lower total expenditures.
Techniques in explainable artificial intelligence can indicate the reasons why a model expects a claim to be truly fraudulent, saving time for investigators.
The onset of the COVID-19 pandemic has had numerous impacts on health systems worldwide, with extra support needed globally to address the healthcare needs associated with the pandemic.
In this article we discuss the techniques available to mitigate machine learning becoming black boxes and what should be considered in their implementation.
This article describes the application of two methods for the detection of potential fraudulent claims in healthcare provider invoices.
This analysis compares information provided in the Quantitative Reporting Templates and Solvency and Financial Condition Reports and makes observations about the balance sheets and risk exposures of European health insurers.
The effects of COVID-19 for specific insurers are dependent on benefit packages and policy terms and conditions, as well as government responses and macro-economic factors.
Machine learning makes the role of the actuary in the Dutch healthcare landscape more crucial than ever.
For more information, please get in touch with your Milliman consultant or visit our Contact list.
Rik van Beers works as a consulting actuary in the Brussels office of Milliman. His main focus is on risk management, capital modelling and valuation model implementation for life insurers, predominantly within the Belgian and Luxembou...
Judith Houtepen is a principal and consulting actuary in the Amsterdam office of Milliman. She joined the firm in 2012. Judith carries out casualty and health insurance consulting assignments in all parts of the healthcare value chain,...
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