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Manage complex risks using data-driven insights, advanced approaches, and deep industry experience.
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Data-driven insight. Deep expertise. Transformative innovation. Since 1947, Milliman has delivered intelligent solutions to improve health and financial security.
Intervene in claims earlier with our web-based predictive modeling and decision-support system
Nodal™ is a web-based predictive modeling and decision-support system used for early claim intervention. It analyzes a wide range of claims data to predict claims that are likely to incur high costs so insurers and self-insurers can optimize management and reduce costs.
Leverage unstructured data to predict and plan for volatile and high-cost claims.
Identify the most important claims so you can allocate claims manager hours more efficiently.
Our team of actuaries, data scientists, programmers, and claims consultants uses data and predictive models to identify high-cost claims and monitor results post-implementation. This comprehensive approach helps clients ensure success and maximize ROI.
Reduce claim costs 3% to 10% by automating payment of low-risk claims and improving management of higher-risk claims.
Budget and reserve with greater confidence thanks to predictive capabilities that enable volatility management.
Quickly gain the power of predictive analytics with a solution that is simple to implement and manage.
Maximize the value of senior claims staff by identifying and transferring problematic claims early.
Maximize data value by extracting information from adjuster notes shortly after the claim is reported.
No outside service providers have a stake in the outputs, ensuring the objectivity you need to make effective decisions.
Deep subject-matter experience with claims operations is designed into the model, providing accurate results without manual intervention.
Nodal shows you exactly which claims to focus on in a format which is intuitive enough for anyone to use.
Dynamic data visualization helps quickly identify the most important claims and enables effective communication among individuals and departments.
Performance reports enable you to analyze the effectiveness of the analyses and improve over time.
Lower loss and loss adjustment expense costs, get litigation support, and improve claims operations.
Enhance your captive with risk retention alternatives, pricing and funding, financial modelling, and claims management.
Uniquely independent, Milliman provides reserve analyses and practical advice to the entire range of insurance entities. With more than seven decades of experience, we bring an unparalleled depth of technical knowledge, which allows us to communicate our work with exceptional clarity.
Detect patterns in attorney billing practices using powerful algorithms, helping manage costs and improve claims defense.
Analyse unpaid claims liabilities with industry-leading stochastic and deterministic reserving tools and methods.
Learn how predictive analytics differ from other approaches to data—and how it can help your business.
Multiple body part claims can be translated into specific combinations of body parts by extracting data from unstructured data using text mining algorithms.
Milliman wins three InsuranceERM Americas Awards for its insurtech products and risk consulting services
See how you can use AI to predict claim outcomes based on underutilized data.
See how Nodal helps IRMA reduce costs and improve claim management.
Milliman, Inc., a premier global consulting and actuarial firm, is pleased to…
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