Oliver Wyman Actuarial Enters Licensing Agreement With PolySystems, Inc.

Feb 11, 2019

NEW YORK -- The Actuarial Practice of Oliver Wyman has entered a licensing agreement with PolySystems, Inc. a software provider serving the global life and health insurance industry.

“PolySystems is used by many of our clients for valuation and modeling purposes and more recently in preparation for the implementation of US GAAP targeted improvements,” said David Weinsier, Partner and US Insurance Practice Leader. “Building upon our well-established modeling offerings with other vendor-provided actuarial software platforms, we are excited to deploy our financial modeling discipline and execution capabilities on PolySystems.”

“We welcome Oliver Wyman as a client and consulting vendor. Their experience with large-scale financial modeling implementations significantly expands the capacity and availability for PolySystems software consulting and services to the insurance industry,” said Bob Keating, Senior Vice President at PolySystems.

About the Actuarial Consulting Practice

The Actuarial Consulting Practice of Oliver Wyman has property & casualty, life, and healthcare actuaries that advise financial institutions, regulators, and self-insured entities across a broad spectrum of risk management issues. With over 300 professionals across 21 offices in North America, the Caribbean, and Europe, the firm’s consulting actuaries provide independent, objective advice, combining a wide range of expertise with specialized knowledge of specific risks. For more information, go to www.oliverwyman.com/actuaries.

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in 50+ cities across nearly 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.

About PolySystems Inc.

PolySystems develops and maintains actuarial software solutions for life, health, and annuity insurance products that are used in over 100 companies for financial reporting and modeling requirements, including valuations, projections, experience studies, source of earnings, and most recently, the new FASB regulations pertaining to GAAP LDTI.  Our team of experienced actuarial consultants routinely helps PolySystems clients with critical implementation projects including data management and model design, validation, and testing.   Established in 1970, PolySystems has 100 professionals working in Chicago, New Jersey, and South Carolina.  For more information, visit www.polysystems.com.