Milliman Advanced Risk Adjusters considerations for the UK PMI market

Can a risk adjustment algorithm do an effective job in population risk stratification, given data and system challenges, such that there can be a better understanding of member risk profiles within the context of UK private medical insurance (PMI)? This study by Milliman’s Joanne Buckle, Tanya Hayward, and Kishan Desai discusses risk categorisation techniques in the context of UK PMI and how the Milliman Advanced Risk Adjusters™ tool has been applied successfully in this environment.

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