Property & Casualty

Milliman is a widely used, trusted source for expert-witness testimony. Our broad knowledge and reputation for unbiased, independent advice lends credibility to our clients’ side of any legal dispute.

Our actuaries and insurance industry experts provide sophisticated actuarial and statistical analysis and economics consulting. We prepare our clients for settlements, litigation, and rate regulatory hearings.

Settlements and litigation

We help insurance companies, reinsurance companies, law firms, and others to reduce the uncertainties of litigation, thereby lowering costs. Milliman experts can:

• brief attorneys on insurance industry issues and standard practices
• quantify damage exposures if liability were established
• build actuarial models to set a value on possible settlement
• design sophisticated samples that pinpoint our client’s issues and save valuable time and resources
• streamline claims evaluation and document recovery services

Milliman’s credible perspective provides straightforward evaluations of the strengths and weaknesses of each case, enabling our clients to formulate the best possible strategy throughout the settlement or adjudication process.

Strong analysis leads to settlement

In a recent arbitration proceeding between an insurer and reinsurer, we were asked to analyse which of many influences was related to size of loss. The opposing party contended a single factor was responsible. Using our in-depth knowledge of insurance and advanced statistics, we demonstrated that this single factor was not significant and persuaded the opposing party to agree to our client’s settlement offer. Our client avoided the adjudication process and the substantial loss that could have resulted from an adverse decision.

Rate regulatory hearings

Milliman economics consultants offer expertise for insurance companies in rate regulatory hearings through in-depth financial analyses, estimations of cost of capital, determination of target returns, and evaluations of capital allocations to reflect risk. We represent our clients' views using sound interpretations of substantiated financial analysis, always striving to meet the highest standards for accuracy.