Milliman Mind

Overview

At a glance

Benefits

Client case studies

Technology

Related services

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OVERVIEW

Discover Milliman Mind

Milliman Mind is a flexible and easy-to-use web-based platform, which converts Excel spreadsheets into powerful models with the capabilities and controls of expensive “black-box” systems, all within a secure, auditable framework.

at a glance

What does it do?

Step 1: Design in Excel

Use an existing spreadsheet or build a new model using Excel—no need to learn a new language or tool.

Step 2: Upload and run

Upload your model to the secure Milliman Mind cloud using a web-based interface. There’s no software to install or manage. Add up to 20 dimensions, such as contracts, scenarios, and stochastic calculations. Work together on a model and see changes in real time. Use built-charts, dashboards, and workflow mode to enhance data visualization.

Step 3: Streamline production

A workflow mode guides users through each step in your models. Implement easy-to-configure role-based access to prevent unauthorized access or changes.

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BENEFITS

Milliman Mind benefits

Easy deployment

As a web- and cloud-based application, Milliman Mind requires no installation on local servers or workstations—it even works on tablets and smartphones. Milliman handles updates—you choose when they are applied.

Shorter time to production

Milliman Mind reduces time and effort required to start using your models at scale. Because it uses native Excel files, there’s no need to rearchitect or replatform.

Easy maintenance

Convert Milliman Mind models back to Excel easily to modify them, and then re-upload to Milliman Mind—seamlessly, with no functional degradation.

Cloud-scale power

Powered by Microsoft Azure or cloud provider of choice, Milliman Mind delivers high security, nearly limitless scalability, high performance, and simplified maintenance and administration. There’s no need to buy or maintain costly on-premises hardware.

Governance and control

Restrict model access with customizable rights management based on easy-to-configure roles.

End-to-end auditing

Track every change to your models, including when and by whom they were uploaded, as well as who validated and signed a given project.

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Technology

Milliman Mind technology

Optimized calculations

A powerful multi-threaded, AI-based calculation engine optimizes memory consumption for faster results and lower costs.

Powerful API

A public API enables you to fully integrate Milliman Mind with your existing tools. Ingest data, launch complex calculations, and export results directly from your servers or mainframe. Full documentation is available to support your in-house development efforts.

IFRS 17 CALCULATION

Milliman Mind—IFRS 17

IFRS 17 calculation, with the power of Milliman Mind.

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EXCEL ENHANCEMENT

Milliman Mind for Excel

Add to Excel distributions, copulas and dozens of functions to design your models for Milliman Mind.

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RELATED SERVICES

Services related to Milliman Mind

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RESOURCES

Milliman Mind resources

Press Release

Milliman wins three InsuranceERM UK & Europe Awards 2024

Milliman Mind awarded “Analytics Solution of the Year,” Milliman Mind-IFRS-17 awarded “IFRS-17 Solution of the Year,” and Milliman Vega awarded “Regulatory Reporting Software of the Year”.

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Brochure

Learn more about Milliman Mind

Learn more about Milliman Mind.

Download PDF

Press release

InsuranceERM Annual Awards 2020: Best stress scenarios software, Milliman Mind

Read the press release

Press release

Milliman Mind earns award for "Best end-user computing risk management solution"

Read the press release

Milliman Mind

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Discover Milliman Mind

What does it do?

Step 1: Design in Excel

Step 2: Upload and run

Step 3: Streamline production

Loading component...

Milliman Mind benefits

Easy deployment

Shorter time to production

Easy maintenance

Cloud-scale power

Governance and control

End-to-end auditing

Loading component...

Milliman Mind technology

Optimized calculations

Powerful API

Milliman Mind—IFRS 17

Milliman Mind for Excel

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Services related to Milliman Mind

Support plan included

Milliman worldwide expertise

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Milliman Mind resources

Milliman wins three InsuranceERM UK & Europe Awards 2024

Learn more about Milliman Mind

InsuranceERM Annual Awards 2020: Best stress scenarios software, Milliman Mind

Milliman Mind earns award for "Best end-user computing risk management solution"

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We’re here to help

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Milliman Mind

What does it do?

Step 1: Design in Excel

Step 2: Upload and run

Step 3: Streamline production

Milliman Mind benefits

Easy deployment

Shorter time to production

Easy maintenance

Cloud-scale power

Governance and control

End-to-end auditing

Milliman Mind—IFRS 17

Milliman Mind for Excel

Services related to Milliman Mind

Support plan included

Milliman worldwide expertise

Milliman Mind resources

Milliman wins three InsuranceERM UK & Europe Awards 2024

Learn more about Milliman Mind

InsuranceERM Annual Awards 2020: Best stress scenarios software, Milliman Mind

Milliman Mind earns award for "Best end-user computing risk management solution"

We’re here to help