Milliman, formerly Milliman & Robertson, is an international

actuarial Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. Actuaries are professionals trained in this discipline. In m ...

and

consulting A consultant (from "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice or services in an area of specialization (generally to medium or large-size corporations). Cons ...

firm based in

Seattle Seattle ( ) is the most populous city in the U.S. state of Washington and in the Pacific Northwest region of North America. With a population of 780,995 in 2024, it is the 18th-most populous city in the United States. The city is the cou ...

, Washington. The company was founded in 1947, by

Wendell Milliman Wendell Milliman (1905–1976) was a founder of Milliman, Milliman, Inc., formerly Milliman & Robertson, one of the largest Actuarial science, actuarial and business consulting firms in the world. Starting as the Pacific Northwest's only independent ...

and Stuart A. Robertson and operates 59 offices internationally, with over 3,000 employees. Milliman is owned and managed by approximately 350 principals. The firm's primary business includes consulting practices in

employee benefits Employee benefits and benefits in kind (especially in British English), also called fringe benefits, perquisites, or perks, include various types of non-wage compensation provided to an employee by an employer in addition to their normal wage o ...

healthcare Health care, or healthcare, is the improvement or maintenance of health via the preventive healthcare, prevention, diagnosis, therapy, treatment, wikt:amelioration, amelioration or cure of disease, illness, injury, and other disability, physic ...

investment Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typical ...

and

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

, and

property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, re ...

and

casualty insurance Casualty insurance is a defined term which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance. Casualty insurance is mainly liability coverage of an individual or organization for n ...

. The firm also provides data analysis and

predictive analytics Predictive analytics encompasses a variety of Statistics, statistical techniques from data mining, Predictive modelling, predictive modeling, and machine learning that analyze current and historical facts to make predictions about future or other ...

History

In the late 1940s, actuary

started a consultancy in the Pacific Northwest. He was later joined by Stuart A. Robertson to establish Milliman & Robertson, Inc. The firm was initially centered mainly on assessing business risk and pension issues. In the retirement plan industry, Milliman provided services in actuarial consulting, consulting on compensation and care, retirement outsourcing, and others. During the 1950s, Milliman & Robertson established the first health insurance benchmarking tool for the US healthcare market. During this time the company began expanding to other states and began offering other services, such as new forms of annuities, and employee benefit plans and pensions. The company’s first international office was opened in Tokyo during the 1990s, which was followed by international offices in several other foreign markets, and the first foreign insurance consulting assignment to be given in the People's Republic of

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

Milliman indices

Milliman produces economic indexes for the American healthcare and insurance markets, including the Milliman 100 Pension Funding index. The Pension Funding Index examines the liabilities and assets of the top 100 pension funds in the US, establishing the funded status of the group overall. The company also releases an annual Milliman Medical Index, first published in 2001. The Medical Index calculates the total annual cost of healthcare for an American family of four covered by employer healthcare coverage. Between 2002 and 2015, it has shown an increase of 267% in healthcare costs to these family units.

Milliman care guidelines

Milliman Inc. previously owned MCG (formerly known as Milliman Care Guidelines and now known as MCG Health), which has been producing evidence-based clinical guidelines for healthcare organizations since 1990. In 2012, the

Hearst Corporation Hearst Corporation, Hearst Holdings Inc. and Hearst Communications Inc. comprise an American multinational mass media and business information conglomerate owned by the Hearst family and based in Hearst Tower in Midtown Manhattan in New York ...

acquired MCG.

References

External links

* {{Consulting Financial services companies of the United States Consulting firms established in 1947 Actuarial firms Companies based in Seattle 1947 establishments in Washington (state)