INSURANCE SOLUTIONS
Captives & alternative markets
Alternatives without compromise
When you own risk, managing it well is your top priority. Milliman helps self-insureds, captive insurers, risk pools with loss and expense liabilities, risk retention alternatives, pricing and funding, financial modeling, and claims management. Our consultants are experts in this specialized field and bring the data and experience required to help you succeed.
Milliman captives & alternative markets solutions
Loss and expense liabilities
We provide independent evaluations of loss and loss adjustment expense liabilities, statements of opinion regarding adequacy of reserves for insurance regulatory and other reporting purposes, and reviews of internal procedures and assumptions.
Risk retention alternatives
We assist in evaluating captive carrier feasibility and assistance in evaluating the benefits, costs, and risks of alternative retention limits. We also evaluate commercial insurance proposals and provide information for use in negotiating insurance prices.
Pricing and funding
We prepare actuarial feasibility studies for internal and regulatory purposes, evaluate funding requirements corresponding to targeted probability levels, evaluate the impact of potential loss variances on funding, and allocate premiums for commercial insurance and/or self-insurance funding among departments.
Financial modeling
We do pro forma projections, which include income statements, balance sheets, and cash flow. We provide sensitivity analysis, including various trend and loss scenarios.
Claims Management
We assess and develop loss and loss expense control, audit claim files, and provide independent evaluation of claim service providers. We also analyze case reserves and practices and assess operational design and effectiveness analysis, including various trend and loss scenarios.
Milliman captives & alternative markets insight
Milliman captives & alternative markets services
Captive insurance consulting
Enhance your captive with risk retention alternatives, pricing and funding, financial modeling, and claims management.
Economic capital modelling
Use capital more efficiently to protect against financial risk and comply with growing rating and regulatory requirements.
IFRS insurance contract consulting
Meet exacting standards while managing the operational and strategic implications with our modeling, actuarial, and consulting skills.
Risk and capital management
Assess capital requirements under a wide range of frameworks and get effective strategic advice on how to manage capital.
Start-up insurance companies
Build on a solid foundation with decades of insurance expertise combined with cutting-edge technology innovation.
Strategy consulting
Our understanding of customer and member behaviour and our predictive modeling analytics offer clients deep insight into the key drivers of their businesses.