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Milliman alternatives
3 tools to consider instead of Milliman, shown against it.
| Milliman | Moody's RMS | Akur8 | Verisk | |
|---|---|---|---|---|
| Vendor | Milliman, Inc. | Moody's Corporation | Akur8 | Verisk Analytics, Inc. |
| Pricing model | Quote only | Quote only | Quote only | Quote only |
| Free tier | No | No | No | No |
| Deployment | Cloud, Self-hosted | Cloud | Cloud | Cloud |
| Open source | No | No | No | No |
| Best for | Actuarial departments at insurers needing specialized reserving, pricing or capital-modeling software backed by consulting expertise. | Insurers, reinsurers and ILS investors quantifying catastrophe and climate risk across a portfolio. | Pricing and reserving actuaries who want faster, filing-ready model iteration without sacrificing transparency. | P&C insurers and reinsurers that need third-party risk data and analytics to underwrite and price policies. |
| Pricing | Software licensing typically bundled with actuarial consulting engagements; not published. Pricing has not been verified yet — see the vendor's site. | Enterprise licensing by model peril, region and exposure volume; not published. Pricing has not been verified yet — see the vendor's site. | Enterprise licensing by insurer and product line; not published. Pricing has not been verified yet — see the vendor's site. | Data licensing and analytics access priced per dataset, volume and use case; not published. Pricing has not been verified yet — see the vendor's site. |
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