Milliman, Inc., a premier global consulting and actuarial firm, and Enova Decisions, a leading financial technology and analytics company, announced a strategic alliance aimed at bringing new advanced analytics to insurers. The alliance brings together Milliman’s deep domain expertise and data resources and Enova Decisions’ real-time analytic capabilities, giving insurers an innovative platform for retaining customers, optimizing sales operations, and maximizing the value of current and future customers.
“Insurers everywhere are competing on the basis of who can best understand consumer behavior, and this competition is driven by increasingly sophisticated analytics,” says Sam Nandi, Milliman Principal and Consulting Actuary. “With Milliman’s deep subject matter expertise and Enova Decisions’ decision management platform, we give insurers the best tools to succeed in all the different dimensions of their business, whether it’s sales, distribution management, customer targeting, product development, or myriad other applications.”
“Leaders in highly regulated industries know that proper management of data for security and privacy is critical,” said Joe DeCosmo, Chief Analytics Officer for Enova Decisions. “By working with Enova Decisions, insurers can leverage our 15 year of experience making data-driven decisions in real time and access the latest decisioning technology while remaining compliant.”
The Milliman/Enova Decisions strategic alliance will provide life insurance clients with the opportunity to achieve strategic targets and business goals through the activation and operationalization of integrated, data intelligence-driven solutions.