// . // Actuarial // Property And Casualty

What We Do

Managing property and casualty risk in today’s business environment can be an extremely difficult task. Risk managers, chief actuaries, and CFO’s are faced with the challenge of minimizing risks while maximizing returns within ever-changing legal, economic, and regulatory environments. Independent, specialized advice and professional services help organizations meet this challenge.

At Oliver Wyman, we are redefining what it means to be an actuary. While our analyses are still the core of what we do, we harness our technical skills and couple them with creativity- in the pursuit of discovering new tools and strategies that will help our clients’ businesses thrive.

Our vision is to discover what lies beyond the obvious, achieve breakthroughs for our clients, and persist as an industry leader. Our mission is to be a leader in the integration of actuarial science, data science, and information technology to solve our clients’ most demanding challenges

Oliver Wyman’s Vision and Mission

Oliver Wyman is proud of our position as a business of Marsh & McLennan Companies (nyse: MMC). We operate entirely independently of other Marsh & McLennan businesses.

As an independent consultancy, you can expect that the results of our reports will be consistent regardless of who has hired us.

This said, we can access the full breadth of Marsh & McLennan’s resources with our client's approval. This relationship allows us to streamline many functions for you and, most importantly, allows us access to a broad array of expertise and industry knowledge that informs our analyses and allows you a 360-degree view.

Continuously breaking the traditional actuarial mold, the property and casualty actuaries of Oliver Wyman offer superior actuarial expertise, creativity, and relentless service. The insight we provide enables our clients to anticipate contingencies and take effective action. The ability to strategically look ahead can mean the difference between mere business survival, and ultimate organization success.

Self-Insured Actuarial Services

Our P&C Self-Insured actuaries specialize in providing actuarial support to a variety of self-insured clients, including corporations, governmental entities, healthcare organizations, and educational institutions. We have extensive familiarity with workers' compensation, medical professional liability, and other commonly self-insured coverages including general liability and automobile liability.

Insurance Company Services

Our property and casualty actuaries and consultants have deep actuarial and insurance market expertise and are widely recognized as subject-matter experts in the P&C insurance industry.

What We Think

Our intellectually curious consultants enjoy the responsibility of providing thoughtful advice and accurate solutions for our clients. Logic gives us the direction, but creativity and innovation help us create a clearer image of the future.

We've developed this document to provide current information regarding legislation, executive orders, regulatory directives, and the current regulatory environment as respects the compensability of workers compensation claims related to COVID-19 illness.

COVID-19 WC - REGULATORY UPDATE

What effects do we see on workers’ compensation claims through December 31, 2021?

COVID-19 WC CLAIMS TRENDS

All organizations face a similar problem: uncertainty regarding their workers compensation costs.

COVID-19 WC - ACTUARIAL KEY CONSIDERATIONS

Two surprising impacts of the pandemic on loyalty breakage

Managing loyalty rewards programs through the pandemic has brought on a wide range of challenges to accurate forecasting, from changes in consumer behavior to changes in program rules to account for the pandemic.

Cyber Risk and Captive Insurance Considerations

With cyber insurance premiums more than doubling for many clients in 2021 and many insurers looking to restrict coverage provided by cyber policies, we are seeing an increasing number of clients considering insuring their cyber risk through their captive.

As a client, Oliver Wyman works alongside you as a true partner, combining expertise, innovation, and creative problem solving to help you in a tailored, iterative process. As a colleague, you are invited to grow your professional skill set and responsibility level as fast as your ambition dictates, while being supported with the teammates and resources needed to succeed. For the community, Oliver Wyman provides opportunities for consistent employee volunteerism and supports worthwhile organizations through generous contribution matching and direct donations

Joaquin Camara, Oliver Wyman Actuarial Consultant

Solutions

Shipyard by Oliver Wyman Actuarial is a proprietary and highly flexible business intelligence platform.

We use Shipyard to build powerful and interactive visual analytics web-based applications (for example Lighthouse a state-of-the-art interactive data visualization platform) for corporations, insurance companies, and brokerage firms.

Learn About Shipyard

Who We Are

Our actuarial consultants are relentless in their pursuit of the multiple possibilities that could solve a problem. Our motto, “to discover what lies beyond the obvious,” is true in every study. We dive deep into the data, taking multiple contexts into consideration before we approach our clients with an answer.