Charlotte Halkett, Principal, Milliman
Presented by Milliman
The rise of generative artificial intelligence (AI) is fundamentally reshaping the insurance industry. While the technology presents new opportunities, it also exposes insurers to new risks. Around the world, motor carriers are particularly exposed to generative AI image fraud schemes.
Presented by Milliman
Predictive models in insurance are often built on data influenced by human decisions, structural inequities, and representation bias. Simply removing sensitive attributes does not eliminate bias. Milliman’s paper outlines the legal and business imperatives for fairness in actuarial practices and introduces core concepts of group fairness. It also presents practical bias-mitigation methodologies aimed at reducing legal exposure while maintaining predictive performance.
Presented by Milliman
Milliman analyzed the adoption and use of generative artificial intelligence (AI) by insurers in the European market. Generative AI refers to deep-learning models capable of creating content by learning from the data they are trained on. This white paper focuses on large language models and vision algorithms and covers their applications in insurance, organizational approaches to implementing and scaling gen AI, the role of internal expertise, and technical and compliance challenges.
Presented by Milliman
Robert Eaton, Principal and Consulting Actuary, Milliman
Presented by Milliman
High inflation and interest rates, geopolitical conflict, and new solvency regulations contributed to a recent global slowdown in health and life insurance mergers and acquisitions. Milliman’s annual report looks at worldwide M&A activity, breaks down top deals by country, and projects future market conditions.
Presented by Milliman
Extreme weather events used to be rare—they are severe natural catastrophes at the extreme ends of historical patterns. But the climate crisis is making the extreme the norm. In 2023, severe weather struck across Europe. Heatwaves baked France, Romania, and Belgium. Northern, Central, and Southern Europe endured lengthy droughts that devastated crops. Violent storms battered the west, while widespread flooding caused billions of euros in damages. Italy alone recorded more than 350 severe weather events.
Joyce Liow, Internal Audit Manager, Governance & Risk Management Group, Milliman Financial Risk Management LLC