Augmentation & AI
Enhancing expertise
Milliman augmentation & AI solutions
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Value in innovation
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Milliman Datalytics-Defense
Learn moreAugmentation & AI insight
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The impact of AI to life insurer value
First paper in a series that will explore strategic areas where life insurers may deploy artificial intelligence (AI): in underwriting, customer experience, risk assessment, fraud detection, and operational efficiency.
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Introduction to artificial intelligence
What are the key risks for insurers to consider over the short to medium term?
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An actuary’s guide to Julia: Use cases and performance benchmarking in insurance
Julia is a general-purpose open-source programming language that debuted in 2012, prioritizing ease of use and execution efficiency.
Exploring large language models: A guide for insurance professionals
In this introduction to large language models (LLMs) for insurance professionals, we discuss how these components of artificial intelligence are trained to produce accurate results.
The role of NLP and AI in third-party litigation funding: How insurers can leverage data analytics to level the playing field
Third party litigation funding (TPLF) has emerged as a powerful tool for plaintiffs seeking financial assistance to pursue legal action.
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Anomaly detection techniques in fraud detection, performance optimization, and data quality
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.
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How to reduce total cost of risk using artificial intelligence and machine learning
This article discusses how artificial intelligence and machine learning are used to gather comprehensive claims data from structured and unstructured data fields, solving complex problems and reducing total cost of risk.
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WC Market Outlook: After years of successive rate decreases, how can workers’ compensation insurers stay ahead of the curve to maintain profitability?
Claim analytics using artificial intelligence represents a proven method to reduce claim severity and improve the efficiency of claim-handling resources.
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Do you know how and when you will die?
Big Data can now provide you with the most likely scenario of how and when you will meet your end. So, what will it mean for the future of risk management and lifestyle planning?
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Data science usage in life (re)insurance
An overview of data science approaches, plus results of our survey on usage in the industry.
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Mind your ABCs
Recent technologies—particularly AI, blockchain, and the cloud—will help spur vital disruption and infuse new life into the insurance landscape.