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Nick Milinkovich


Serves health and life insurers on topics of advanced analytics and AI

Nick co-leads McKinsey’s advanced analytics and artificial intelligence work in insurance and helps life and health insurers build and launch new digital and analytics-powered products, solutions, and channels.

From his base in Toronto, he has worked with carriers in North America, Europe, Asia, and Africa to launch innovative offerings to customers and advisors powered by new technologies–including several ecosystems-based businesses.

Examples of Nick’s recent client engagements include the following:

  • partnering with a large North American multiline carrier on an end-to-end analytics transformation across strategy, resource prioritization, talent/hiring, and use case execution delivering more than $100 million in impact across multiple business units
  • leading an analytics-focused distribution effectiveness program with a large US life & annuities writer across a range of use cases driving more than a $100 million increase in new business
  • led the development of AI-based underwriting and pricing models for a large North American carrier across all mortality and morbidity products that leveraged new forms and data, and substantially reduced the need for invasive testing

Nick often speaks on AI and advanced analytics at industry forums, including InsureTech Connect, LIMRA/LOMA Life Insurance Conference,, and the American Council of Life Insurers.

Before joining McKinsey, Nick led the analytics and business intelligence team for a specialty life carrier in South Africa, designing life and disability products for people living with HIV and diabetes.

Published work

The potential benefits of AI for healthcare in Canada,” McKinsey & Company, February 2024

How top tech trends will transform insurance,” McKinsey & Company, September 2021

Rewriting the rules: Digital and AI-powered underwriting in life insurance,” McKinsey & Company, July 2020

Maximizing the value of in-force insurance amid enduring low returns,” McKinsey & Company, April 2020

Past experience

Senior Manager, Analytics & Business Intelligence


Queen’s University – Smith School of Business
Bachelor of Commerce, Honours