Milliman is an independent actuarial and consulting firm founded in 1947, owned and managed by its principals. It operates globally, with offices in major cities and clients across the public and private sectors, including insurers, healthcare organisations, governments, and employers.
The firm's work spans actuarial science, risk management, and technology-driven solutions across five principal areas: insurance, financial services, healthcare, life sciences, and employee benefits. Its technical domains include advanced data analytics, climate and extreme weather risk modelling, and specialised technology applications in healthcare and insurance.
Milliman's principal-led ownership structure shapes how the firm operates. Principals are distinguished by their technical and business credentials, and the firm emphasises objectivity and professional rigour as core to its practice. This structure keeps the firm independent from the financial incentives that can affect larger, publicly listed consultancies.
Clients range from private-sector insurers and financial institutions to governments and large employers seeking to manage complex, long-term risks. Milliman's stated mission centres on protecting the health and financial well-being of people - an orientation that connects actuarial and analytical work directly to policy and product decisions affecting large populations.
