What We Do
We have extensive familiarity with workers' compensation, medical professional liability, and other commonly self-insured coverages, including general liability and automobile liability.
Loss Reserve Analyses
We provide estimates of unpaid claim costs to support liabilities reported on the balance sheet. As appropriate, our estimates include a provision for risk and consider the time value of money.
Our independent actuarial team provides captives with actuarial support in loss reserve and opinions, pricing, risk transfer, risk distribution, feasibility support and analytics to substantiate the captive’s actions, thereby allowing the captive to continue to provide value to the parent company.
Pricing and Loss Forecasts
Our actuarial estimates of future claim costs and associated cash flows provide a foundation for the strategic decisions necessary to manage risk.
Alternative risk financing studies
We support clients who are considering alternative risk management approaches –including self-insurance, captive arrangements, trusts, and risk retention groups – with cost-benefit analyses to aid in decision-making.
Retention Level Analyses and Economic Cost of Risk
We help clients determine an optimal balance between risk retention and risk transfer by considering the likelihood of claim outcomes, the cost implications including a capital charge, and the client's risk appetite.
Cost Allocation System Design and Execution of Insurance Costs
Customized dynamic allocation of GL, Auto, WC or property losses, premium, and TCOR to operating units. Our granular studies help clients better understand operational sources of claim costs to improve accountability among corporate divisions.
Oliver Wyman will help build a capital model to provide a more holistic look at risk to help facilitate strategic discussions. Determining Required Economic Capital for retained lines of business at a defined confidence level associated with insolvency/adverse outcomes.
Quantification of Safety Initiatives
Design and implementation of metrics to monitor and quantify the cost impact of safety initiatives.
Loss Monitoring Models
Our emergence report tools help risk managers and finance professionals avoid surprises regarding their retained insurance program exposure and associated unpaid claim accruals between actuarial studies.
We apply advanced statistical modeling techniques to analyze claim processes and/or characteristics, enabling clients to improve efficiency, strengthen operations, and reduce claim management costs.
Due diligence for mergers & acquisitions and loss portfolio transfers
We help clients determine the liabilities they are assuming or releasing and the impact on their financials.
Legal Assistance/Expert Witness
We provide technical support to legal staff, law firms, regulators, judges, arbitrators, or jurors, either to assist in settling a dispute or going through a full trial.
We enable clients to compare their claim experience with that of their peers, allowing them to identify deficiencies, allocate resources to improve results, and favorably negotiate with risk partners.
Enterprise risk management (ERM)
We help clients apply modern analysis techniques to capital and risk management decisions to improve financial performance, measure needed capital, meet strategic goals, and broaden risk oversight and board governance. Our approach applies risk analytics to organizational portfolio management, capital requirements, business planning, and asset strategies to meet market and regulatory requirements.
Cash Flow Analysis
We use statistical analysis to analyze cash flow.
Collateral Negotiation Support
Oliver Wyman provides an independent actuarial valuation of the indicated collateral, compare the carrier demands to Oliver Wyman indications, identifying the cause of any significant differences.
We help our loyalty program clients with accurate breakage and redemption analyses. We have designed a member-centric approach to modeling loyalty cash flows and liabilities.
Oliver Wyman’s unique warranty service model combines carrier, aftermarket, company, audit, and modeling expertise.
Medical Professional Liability
Our services to US Healthcare entities include loss reserving for their gross and net medical malpractice unpaid claim costs, claim cost forecasting, claim cost allocations between the hospitals and insured physicians, and premium optimization studies.
We incorporate telematics data into traditional actuarial analyses so that companies can more accurately assess their overall liability — which can have a significant positive impact on their retained losses.
Property Weather Map
Mitigating losses from weather incidents with GEOW＋
Today, MGAs and MGUs are facing a highly competitive and saturated marketplace. Clients partner with us to support their entire business model. We analyze your business to produce breakthrough strategies and rating to support long and short term growth, profitable new products, support reinsurance renewals, due diligence for merger and acquisitions, business development, and distribution. Our experienced actuaries use predictive models and interactive visual analytic tools to support our recommendations and allow us to measure and update our plan with the quickly changing market. To stay on top, MGAs and MGUs cannot continue business as usual. They need innovative ideas and products that are backed by a team of trusted and proven Oliver Wyman actuarial scientists. Learn why clients choose Oliver Wyman actuaries for MGA and MGU solutions.