Using the Milliman Advanced Risk Adjusters (MARA) tool in the UK PMI market

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By Joanne Buckle, Tanya Hayward, Kishan Desai | 10 December 2018
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 case study 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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