MILLIMAN SOCIAL IMPACT

We're in this together.

Our passion to build a better future

Health and financial well-being have no borders. That’s why we’re committed through our work and our partnerships to addressing global challenges in education, health, and economic development.

Our employees are driving innovation in microinsurance, solving retirement security challenges, and using the power of analytics to assess risks and trends of natural disasters.

We’re also breaking barriers by creating opportunities for under-represented people in our industry. And we’re engaged in global education programs that offer training and hope for a more secure future.

We strive to protect the health and financial well-being of people everywhere. It’s our firm’s mission and we live it through commitments to our work, our colleagues, and our world. Milliman’s mission was intrinsic to its work when the firm began in 1947, and that promise continues today.

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Passion with impact.

Great work requires a clear mission.

OUR FOUNDATION

Three Pillars: Our foundation for creating social impact

A spirit of social responsibility has permeated Milliman’s DNA since its founding in 1947. Three pillars represent our commitment:

Our Work – In our client work, we live our mission at its core through projects in microinsurance, health insurance pricing, retirement planning, and flood insurance.

Our People – We nurture and celebrate employees through activities that promote diversity and inclusion. We’re committed to increasing under-represented people in our industry through scholarship programs and sponsorships of the International Association of Black Actuaries and the Organization of Latino Actuaries. Education and mentoring programs, including Milliman University and the Milliman Mentorship Program, help employees grow in their careers.

Our World – We’re creating a better future for people everywhere by contributing to our communities through volunteer activities and financial donations.

POLICY

Corporate social responsibility statement and policies

Social responsibility is embedded in everything we do—how we work with clients, hire and develop our people, and interact with our communities.

Our corporate social responsibility statement and policies set a standard for ethical and sustainable business practices, innovation that transforms communities, philanthropic pursuits, and diversity and inclusion.

Download our CSR statement and policies

Report

Milliman 2019 Social Impact Report

Learn how we’re creating global change.

Download PDF

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Charlie's Story

Why an inclusive culture matters

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Beyond the classroom

Revolutionizing education so all young people can reach their full potential.

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Insuring for agriculture and catastrophic events in microinsurance

Michael McCord, managing director of the MicroInsurance Centre at Milliman, discusses parametrics in microinsurance.

Math Motivators: Closing the math achievement gap

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Milliman partners with Math Motivators to give students a boost in academics.

PARTNERSHIPS/GIVING FUND

Creating transformation

United Nations Global Compact

In 2019, Milliman amplified its commitment to social responsibility. We signed on to the United Nations Global Compact, committing to the United Nations Sustainable Development Goals (UNSDGs) that aim to end poverty, protect the planet, and ensure prosperity for all. The UNSDGs are a natural extension of Milliman’s mission to protect the health and financial well-being of people everywhere.

Milliman Giving Fund

Our giving is largely directed by our employees, who bring the same passion, strategic thinking, and entrepreneurial spirit to our philanthropy as they do to our clients. Through volunteering and financial gifts, employees and alumni support global signature projects that contribute to healthcare, education, and economic development. The Milliman Giving Fund was established in 2018 to support firmwide charitable efforts that bring transformational results.

Opportunity International – Opportunity Zone

Milliman is partnering with Opportunity International (OI) to fuel the economic transformation of thousands of parents and children living in poverty. In 2019, Milliman awarded a grant of $250,000, renewable for up to three years to fund an Opportunity Zone program in Mityana, Uganda.

The program combines two high-impact education and rural finance programs to create a zone where more jobs, higher incomes for parents, and quality education for children accelerate the pace in which families and communities can build a better future.

OI will offer substantial new loan funding for small businesses and schools from its partner bank, the Opportunity Bank of Uganda. The project also includes volunteer opportunities for Milliman employees with specific marketing, financial, IT, and risk management skills.

Since 1971, OI has provided business loans and training to more than 15 million families to help them escape extreme poverty. OI’s mission and work aligns with both Milliman’s mission and themes, specifically in community and economic development.

The Actuarial Foundation – Math Motivators

Milliman partners with The Actuarial Foundation to support Math Motivators—a free tutoring program that closes the math achievement gap. The program pairs lower-income middle school and high school students with actuaries and college students majoring in actuarial science, mathematics, or math education.

In 2018, the Milliman Giving Fund made a $750,000 grant to fund Math Motivators’ expansion across the United States over a three-year period. This project meets our goal of assisting underserved populations in STEM studies.

In addition to financial contributions, Milliman employees volunteer in Seattle, Chicago, Hartford, New York City, Milwaukee, Minneapolis/St. Paul, and Portland, Maine. The program operated in 22 schools in nine cities in the 2018-19 school year, and it’s on track to expand to additional cities in 2020.

PROGRAM FACTS AND STORIES