Generative AI helps insurance teams review contracts against state-by-state rules and gauge approval odds before filing

SEATTLE: Milliman, Inc., a leading global actuarial and consulting firm, today released Milliman Compliance Intelligence, an AI-native platform that helps insurance product teams, compliance professionals, and regulators keep pace with rapidly evolving, state-by-state requirements.

Built around generative AI, the platform lets users upload contracts for jurisdiction-specific review, incorporate advice from Milliman's proprietary database of compliance experience, and receive a national approval likelihood score. By flagging product issues and jurisdictional conflicts before a filing goes out, Milliman Compliance Intelligence cuts research time and accelerates time to market as regulations change.

"Insurance teams lose weeks to manual research and back-and-forth over state-by-state rules," said Robert Eaton, principal and consulting actuary at Milliman. "Because this tool is AI-native rather than AI bolted onto old software, it reads a contract the way a seasoned reviewer would and shows you where you stand nationally before you ever file."

"The next decade of insurance will belong to firms that build AI into the core of their work, not the margins," said Jim Fulton, incoming CEO of Milliman. "Compliance Intelligence is an early look at that future-expert judgment and machine speed working as one, so clients can bring better products to market faster."

To learn more, visit Milliman Compliance Intelligence.

About Milliman AI Solutions

Milliman AI Solutions is dedicated to delivering AI-powered products and advisory services to the insurance, healthcare, and benefits markets. By combining Milliman's unparalleled subject matter expertise with leading artificial intelligence capabilities, Milliman AI Solutions helps clients transform data into decisions and complexity into competitive advantage. For more information, visit AI solutions built for insurance, healthcare, and employee benefits | Milliman | Worldwide.

About Milliman

Milliman leverages deep expertise, actuarial rigor, and advanced technology to develop solutions for a world at risk. We help clients in the public and private sectors navigate urgent, complex challenges, from extreme weather and market volatility to financial insecurity and rising health costs-so they can meet their business, financial, and social objectives. Our solutions encompass insurance, financial services, healthcare, life sciences, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at milliman.com.

Fonte: Business Wire