Milliman - Milliman Mind
Type of system
- Analytics
- Asset/liability management
- Capital modelling
- End-to-end ERM
- Governance, risk, compliance (GRC)
- IFRS 17 solution
- Internal/external reporting
- Operational risk management
- Portfolio analysis/hedging
- Pricing
- Reserving solution
- Solvency II solution
- Spreadsheet risk management
- Stress and scenario testing
Type of platform
- Cloud
- Grid
- SaaS
- Web-based
Other features
- Curve-fitting
- Least-squares Monte Carlo
- NAIC RMORSA
- Replicating portfolios
- Solvency II internal model
- Solvency II standard formula
Has the product an open API? Yes / No?
Yes.
What are the typical implementation costs for your product?
There are no implementation costs as it is Cloud/SaaS. Half a day of training would be enough to onboard users, owing to the simplicity of use.
How long does your product take to implement on site?
The solution is entirely cloud-based and requires no on-site implementation.
Please name companies that use the system/product
Undisclosed (over 100 insurance companies are currently using the product across all regions, from the smallest mutuals to the biggest multinationals).
Product summary: Please summarise your product’s key points for re/insurers in no more than 100 words.
Milliman Mind is the first and most comprehensive cloud-based, no-code modeling platform designed specifically for actuaries. It empowers actuarial teams to rapidly convert complex spreadsheets or seamlessly integrate Python code, delivering productivity gains of 5 to 10 times.
With a broad range of applications—including but not limited to IFRS 17, Solvency II reporting, ORSA, and life and non-life modeling (both deterministic and stochastic), as well as asset modeling, pricing, and reinsurance—Milliman Mind offers unmatched flexibility.
Its core attributes—simplicity, agility, transparency, performance, and security—make it the ideal solution for actuaries seeking to streamline processes, reduce risk, and focus on high-value analytical work.
Website
Milliman Mind | Milliman | Worldwide