Miller's Analytics team
New hires, differentiation and the importance of data
Earlier this year, Miller’s Analytics team grew substantially, with the appointment of three new hires
These three new hires all have a strong North American focus, which is a measure of Miller’s investment in that space, given the emphasis the London and international markets now put on modelling North American exposures.
James Power
Exposure Analytics Lead
James has worked in the London market for over 10 years, and is a Certified Catastrophe Risk Management Professional. James’ focus is on strengthening Miller’s exposure analytics and deal structuring offering for reinsurance clients, many of whom have significant North American catastrophe exposure.
Fiona McPartland
Actuary
Fiona is a qualified Actuary and brings over 8 years of industry experience across a range of Specialty insurance products, including Marine, Energy and Construction. Her role focuses on providing dedicated analytical, pricing and (re)insurance optimisation resource within the Marine division. The embedded nature of Fiona’s role facilitates superior commercial awareness and client understanding, creating a strong position to deliver bespoke analysis for each client.
Michael Johnston
Catastrophe Analyst
Michael has worked in the insurance industry for over 7 years. He is the latest addition to Melissa Nunes’ Catastrophe Analytics team, and works predominantly with the Delegated Authorities team, providing them with modelled insight into catastrophe risk. Michael’s area of expertise is Property Binders modelling with most of his experience being with US exposures, where modelling is critical to underwriting decisions.
The Miller difference
We are now in a marketplace where many underwriting decisions are heavily influenced by number crunchers: actuaries, catastrophe modellers and other technical staff that focus on data analysis. Rather than avoiding technical conversations with markets, we seek to use this shift as an opportunity to differentiate ourselves against our competitors. Our objective is to influence the market’s analysis in the insured’s favour, through the use of persuasive arguments based on data, while ensuring these arguments are credible and stand-up to scrutiny. The level of sophistication of our audience can vary, so we also aim to help some clients understand the data they hold and how they can optimise their (re)insurance cover. Ultimately, we are seeking to support our Miller brokers and their clients in helping the insured understand their risk and secure full capacity for them at the best terms possible.
Analytical platforms
We use a range of analytical platforms and toolkits to deliver valuable actuarial and catastrophe (CAT) modelling insight. We license two of the most prominent third party CAT modelling platforms in the market: RMS and AIR, while our actuarial team build bespoke models that gives us control over the modelling assumptions we make and allows us to easily analyse the effect variations in assumptions has on the price for the cover.
About Miller's Analytics offering
The focus of Miller’s Analytics team is on providing value added insights to clients and reinforcing positive aspects of their risk to the market. Miller has a team of qualified actuaries and experienced CAT modellers that work alongside our specialists and our broker clients to combine programme design and placement services with expert technical analysis. Every client is unique, and Miller’s Analytics team works to understand their history and story before developing a tailored, consistent and transparent framework to help them make decisions around risk retention and risk transfer.
