Insurance
We bring our clients industry expertise, strategic thinking, analytical insight and innovation to create tangible value for leading P&C, life and health insurers and reinsurers. Oliver Wyman’s Insurance practice operates broadly across three core areas: strategy, operations and finance. To every engagement, our firm draws on a growing and dynamic reservoir of intellectual capital, mining best practices globally to develop solutions that benefit our clients locally.
Strategy and Growth
As the insurance industry continues to consolidate and restructure, achieving profitable growth is key to long-term survival. Oliver Wyman combines strategic analysis tools with extensive information on different businesses, markets and value chain activities to help insurers design strategies that give them a competitive advantage.
Capital Adequacy and Productivity
Our cutting-edge analytics and pragmatic implementation optimize capital management and productivity across many lines of business. We develop frameworks to measure profit, risk, capital usage, value creation and performance to assess and improve financial effectiveness.
Distribution and Marketing
Drawing on our management experience, our firm maximizes sales productivity, optimally configures distribution channels, and clearly delineates value propositions for our clients. Our expertise includes: improved targeting, sales processes, alignment of infrastructure and connecting sales, and pricing and service to improve profitability.
Product Development and Management
Through optimizing their product portfolio we help insurers to improve their economics and proposition to customers. We support clients to become more innovative, to bring ideas to market quickly, to effectively optimize the economics of individual products and the overall portfolio and to combine products into aligned customer propositions.
Underwriting and Pricing
Sustained underwriting profitability and differentiation is key to the success of many companies. We guide our clients to take advantage of customer behavior characteristics, to consider additional underwriting factors, to invest in product design/research, and to improve upon their negotiation/pricing resources.
Risk Management and Measurement
We support risk and finance executives in establishing the processes, organization and infrastructure required to measure, control and steer the company's risk profile and to communicate the risk implications of the business strategy and planning. This includes setting overall risk appetite, determining the desired return for different risk classes and building a culture of risk awareness across the company.
Regulation
Oliver Wyman shapes the future of the industry, advising clients on regulatory issues and collaborating with regulators and other standard setters to develop solutions to complex industry issues.
Claims management
Our proprietary techniques identify sources of claims "leakage," including fraud, over-generous settlements, poor litigation management and inefficient claims handling. We structure solutions to improve processes and align an organization's management and incentives to support those improvements.
