Milliman, Inc.
Milliman is among the world’s largest independent actuarial and consulting firms. Founded in Seattle in 1947, Milliman has offices in key locations worldwide. Through consulting practices in employee benefits, healthcare, investment, life insurance and financial services, and property & casualty/general insurance, Milliman serves the full spectrum of business, financial, government, union, education, and nonprofit organizations. In addition to consulting actuaries, Milliman’s body of professionals includes numerous other specialists, ranging from clinicians to economists.www.milliman.com
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Search complete. 12 mentions across 10 episodes found for "Milliman, Inc.".
Oct 20, 2026
Michael BordenaroHOST
That's not a bad thing.
Michael BordenaroHOST
But according to Milliman, which is a firm that provides consulting and data analytics, they looked at Vantage scores versus FICO scores and found out that Vantage scores tend to be slightly higher on average.
Michael BordenaroHOST
And on the lower end of Vantage scores compared to a FICO score, the borrowers had a higher default rate.
Michael BordenaroHOST
And what this does, by allowing lenders to use the Vantage score in addition to the FICO score, it opens up the market to a lot more potential homebuyers to qualify for buying a home.
Alison HarrisHOST
The U.S. property and casualty insurance sector remains resilient as we look ahead to 2026.
Alison HarrisHOST
According to recent projections from the Insurance Information Institute and Milliman, the sector is expected to sustain positive underwriting results despite significant pressures including rising claims costs, natural catastrophes, and broader economic uncertainty.
Alison HarrisHOST
One key takeaway is that growth in the property and casualty sector is projected to outpace GDP growth in both 2026 and 2028 before dipping below overall economic growth in 2027.
Alison HarrisHOST
Notably, replacement costs in the sector are expected to rise more slowly than overall inflation in 2027 before accelerating again in 2028.
Mark SeghersGUEST
Yes.
Anthony CodispotiHOST
So after nearly two decades in insurance tech, including four years on the executive team at Health.io, the startup that was acquired by Milliman in 2020, then you started Inspire Health Tech in 2021.
Anthony CodispotiHOST
Talk to me about why, what you wanted to do.
Mark SeghersGUEST
Yeah, so we had a health monitoring company called HealthIO that helped people manage their health at home, which is something that I'm also passionate about.
Mark SeghersGUEST
But after this acquisition by Milliman, I was shown, when I was also a consultant for Milliman at the time, I was shown a product they had that helped insurance companies kind of see which consumers were better aligned to their product as compared to other products in the market.
Mark SeghersGUEST
And my experience in Ali's business kind of made a light bulb light up.
Mark SeghersGUEST
And I said, why not flip that around? Why not help consumers see the market from a personalized perspective? Right.
Clifford RossiSOUNDBITE_SPEAKER
Right off the top you could get that benefit.
Clifford RossiSOUNDBITE_SPEAKER
But the issue is this: there have been studies, Milliman, uh, others that have done some, some, some analysis on this with actual data, that have shown that, uh, the rates for loans that are, are sold to the agencies, the Fannie Mae and Freddie Mac, using VantageScore are somewhere between, uh, what we say nine and 12 basis points, so .09 or, or .12%, uh, higher under using the VantageScore than the FICO score.
Clifford RossiSOUNDBITE_SPEAKER
What does that mean? For a consumer, that would translate into, if a mortgage is held for, let's say, an average period of time of about seven years or so, that would translate into about somewhere around, like, 2,000 to $2,500 more over that time in higher interest payments.
Clifford RossiSOUNDBITE_SPEAKER
And so, so you...
Awa KoneGUEST
And so I had a fantastic two year experience.
Awa KoneGUEST
And after that, a lot of the roles that I've taken have really been global, right? Right after school, I was with Milliman for a little while before I was approached by Swiss Re.
Awa KoneGUEST
It was for a role in Cape Town, but I ended up never making it to Cape Town, spent a couple of years in Switzerland, which was a really fantastic experience, really great leadership.
Awa KoneGUEST
And then after that, I joined Flutterwave for five and a half years, then Corridor and now Kalisa.
Charlotte HalkettGUEST
Um, my name is Charlotte Halkett.
Charlotte HalkettGUEST
I'm currently a principal at Milliman, which is a global actuarial risk technology consultancy.
Sandra LewinHOST
And I am very keen to explore how you got to here, because there is a story there.
Sandra LewinHOST
But before [laughs] we start with this, I always start the episode with a question, career in insurance, choice or chance? What was it for you, that first role into insurance?
Diane StoddartHOST
The option is to either hope that this kind of need will never happen or to plan ahead and protect yourself and your family from being wiped out financially when it does.
Diane StoddartHOST
The Milliman report I discussed over the last couple of weeks shared data on traditional or standalone long-term care policies, so I'm going to share how a traditional plan can be designed and what premium a 50-year-old couple can expect to pay for a plan that can protect a good portion of that savings and net worth.
Diane StoddartHOST
I ran quotes for a 50-year-old couple in Oregon, the eighth most expensive state, with a traditional or standalone plan that is partnership qualified.
Diane StoddartHOST
Remember, if you own a partnership qualified long-term care insurance where the state Medicaid system partners with the insurance company, the state will let you keep savings equal to what the insurance company had paid, and you may still qualify for Medicaid to help pay the costs after the insurance benefits have been exhausted.
Michael BrownHOST
Healthcare has no sign whatsoever, and it's the largest bill that most families pay for.
Michael BrownHOST
Milliman, the actuarial firm, tracks what healthcare costs a ty- typical family of four on an employer plan.
Michael BrownHOST
That number counts what your employer pays, what comes out of your paycheck, and what you hand over at the counter.
Michael BrownHOST
For this year, that firm puts it at $37,824.
speaker_0NARRATOR
The views expressed in this podcast are those of the speakers and not those
Robert EatonHOST
Welcome to Critical Point, brought to you by Milliman.
Robert EatonHOST
I'm Robert Eaton.
Robert EatonHOST
I'm a principal and consulting actuary in our long-term care practice, and I'll be your host today.
16 MINS LATER
Robert EatonHOST
Shauna, Meyer, I want to thank you for joining me today.
Robert EatonHOST
And so with that, we're going to conclude.
Robert EatonHOST
You've been listening to the Critical Point podcast presented by Milliman.
Robert EatonHOST
Please see our website, milliman.com, for all related materials on AI and other topics such as this.
Richard RJ EskowHOST
The other aspect of that that's so important to note is, you know, what I, and I'm sure others, have called the invisible tax.
Richard RJ EskowHOST
The one, you know, this whole, uh, I- I think e- right wing rhetoric has created this artificial distinction, not artificial, it's very real, but this ideological distinction between, uh, public spending and private spending, and public taxation and private taxation, and the invisible tax is every year, in fact, I should update this piece, every year Milliman, the actuarial firm, estimates the, the, uh, total cost of health insurance, decent health insurance, which means you could still go broke financially, uh, you still, uh, uh, for a family of four, PPO type insurance and so on, and it's up to 30,000 something of which the family pays about 20,000 on average out of pocket, of which 10,000 is, uh, uh, premiums and deductibles and co-pays, and there's lost wages and all that.
Richard RJ EskowHOST
So people are paying this enormous price in what they don't get in salary, what they don't get in other benefits, in what they pay out of pocket for premiums every time they go to the pharmacy, and yet lower taxes, lower taxes is the mantra, right? So if w- when even Joe Biden says, you know, who is a, a little better on this issue, but when even Joe Biden says, or Hillary Clinton says, "I'm not going to raise taxes on anybody under 250,000" and, uh-
Nancy J. AltmanGUEST
400,000