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INSURTECH

It’s not a disruption—it’s an evolution.

Established carriers and innovative startups are embracing technology to drive insurance forward.

The future is now.

Tech firms are tackling insurance. But “legacy” doesn’t mean left behind. By updating tried-and-true systems with digital tools, an industry is expanding what’s possible, from rapid quotes for homeowners policies to creative solutions for self-driving cars. With insurtech, insurance is reaching new markets with new products for a new era.

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Transforming insurance with technology.

For experienced firms and tech-focused entrepreneurs, the insurtech revolution is under way.

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Insurance innovation: A catalyst for social change

With microinsurance, big insurers are using emerging technology to help protect customers in emerging markets.

VIRTUAL ROUNDTABLE

Insurers are embracing AI. What could go wrong?

Leaders from Microsoft and Databricks joined Milliman for a look at how insurers are using artificial intelligence, machine learning, and large language models—and what they can learn from mistakes made in other industries.

Milliman Alliances and Ecosystems

We partner with early-stage startups and tech companies of all types to help accelerate insurtech innovation.

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INSIGHT

Related insight

Article

What is the metaverse and how could it transform the insurance industry?

In this paper we consider potential ways in which insurers could use the metaverse, and the challenges and risks associated with adoption of this new virtual world within the industry.

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White paper

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....

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Article

Why carriers should embrace embedded insurance

Consumers want insurance solutions embedded in the sales transaction. We offer advice for carriers pivoting to provide them.
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Article

Fostering innovation: A guide for the actuarial profession

The Society of Actuaries (SOA) has sought to investigate methodologies and characteristics associated with actuarial innovation....

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