Milliman is a leading global consulting and actuarial firm, headquartered in Seattle, Washington. Founded in 1947, Milliman provides a wide range of consulting services in healthcare, insurance, employee benefits, investment, and financial risk management. With a commitment to delivering client-focused solutions and innovative thinking, Milliman helps organizations navigate complex challenges and achieve long-term success.

Services and Solutions

Milliman provides a comprehensive suite of consulting and actuarial services designed to meet the diverse needs of its clients. Key service areas include:

1. Healthcare Consulting: Milliman offers consulting services to healthcare providers, payers, and pharmaceutical companies. Services include healthcare analytics, care management, health policy, and value-based care solutions.
2. Insurance Consulting: The firm delivers actuarial and consulting services to life, health, property and casualty insurers. This includes product development, pricing, reserving, and regulatory compliance.
3. Employee Benefits: Milliman provides employee benefits consulting, including retirement plan design, administration, and actuarial services. These services help organizations manage pension plans, 401(k) plans, and other employee benefit programs.
4. Investment Consulting: The company offers investment consulting services, including asset allocation, performance measurement, risk management, and fiduciary advice. These services help clients optimize their investment strategies and achieve financial goals.
5. Financial Risk Management: Milliman provides risk management services, including enterprise risk management (ERM), capital modeling, and financial reporting. These services help organizations identify, assess, and manage financial risks.

Actuarial Opportunities

Milliman offers a range of opportunities for actuaries, particularly within its healthcare, insurance, employee benefits, and financial risk management divisions. Actuaries at Milliman play a crucial role in providing expert advice and solutions to clients. Key areas where actuaries contribute include:

• Product Development: Developing and implementing pricing strategies for various insurance and financial products to ensure competitiveness and financial sustainability.
• Risk Management: Analyzing and managing the risks associated with insurance and financial products to maintain the financial strength and stability of clients.
• Data Analysis and Modeling: Leveraging advanced data analytics and modeling techniques to analyze market trends, forecast financial outcomes, and support decision-making processes.
• Regulatory Compliance: Ensuring that clients’ products and services comply with regulatory requirements and industry standards. This includes preparing actuarial reports and maintaining actuarial documentation.
• Strategic Advisory: Conducting research on emerging trends, market dynamics, and innovative solutions to enhance clients’ product offerings and service capabilities.

Employee Benefits and Compensation

Milliman is dedicated to attracting and retaining top actuarial talent by offering competitive compensation and a comprehensive benefits package. Key benefits include:

• Health and Wellness: Milliman provides comprehensive health insurance plans, including medical, dental, and vision coverage. The company also offers wellness programs and resources to support employee health and well-being.
• Retirement and Savings: Employees have access to retirement savings plans, including a 401(k) plan with company match, to help secure their financial future.
• Work-Life Balance: Milliman supports flexible work arrangements, including remote work options and flexible scheduling, to help employees achieve a healthy work-life balance.
• Professional Development: The company invests in employee growth through various learning and development programs, including tuition assistance, leadership training, and career advancement opportunities.
• Paid Time Off: Generous paid time off policies, including vacation, holidays, and personal leave, are provided to ensure employees can recharge and maintain a healthy work-life balance.

Business Divisions

Milliman operates through several key business divisions, each specializing in different areas of consulting and actuarial services:

• Healthcare Consulting: Provides consulting services to healthcare providers, payers, and pharmaceutical companies, focusing on healthcare analytics, care management, health policy, and value-based care.
• Insurance Consulting: Delivers actuarial and consulting services to life, health, property, and casualty insurers, including product development, pricing, reserving, and regulatory compliance.
• Employee Benefits: Offers consulting services for retirement plan design, administration, and actuarial services to manage pension plans, 401(k) plans, and other employee benefit programs.
• Investment Consulting: Provides asset allocation, performance measurement, risk management, and fiduciary advice to optimize investment strategies.
• Financial Risk Management: Delivers enterprise risk management (ERM), capital modeling, and financial reporting services to help organizations manage financial risks.

Summary

Milliman is a leader in providing innovative consulting and actuarial solutions, dedicated to helping organizations navigate complex challenges and achieve long-term success. With a strong presence in the United States and worldwide, Milliman offers comprehensive consulting services and a supportive work environment, making it an attractive employer for actuaries and other consulting professionals. Actuarial professionals looking for opportunities at Milliman can expect to find a dynamic workplace that values innovation, professional development, and employee well-being.

‍