Oliver Wyman Property

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Oliver WymanProperty Casualty, Life and Health
Actuarial Presentation

• September 3, 2009

CONFIDENTIAL www.oliverwyman.com
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An overview of Oliver Wyman and Oliver Wyman
Actuarial Consulting

• In recent years, Oliver Wyman has consistently
  been ranked as one of the Top 10 consultancies by
  Vault Magazine
• Oliver Wyman is one of the fastest growing
  consultancies in the Top 10

• Oliver Wyman Actuarial is a 40M business with
  compounded annual growth of 10 over last 5 years

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13 Oliver Wyman Actuarial Consulting offices
across North America with over 120 employees on
staff

• 13 Oliver Wyman Actuarial Consulting Office in
  North America

Toronto, Canada
Milwaukee, WI
New York, NY
Melville, NY
Philadelphia, PA
Princeton, NJ
Chicago, IL
San Francisco, CA
Columbus, OH
Los Angeles, CA
Charlotte, NC
Atlanta, GA
Houston, TX
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We are focused in three main practice
areasProperty and Casualty, Healthcare and Life
and Annuities
OLIVER WYMAN ACTUARIAL CONSULTING
Property and Casualty deals with many types of
insurance that you may be familiar with, such as
auto, home, product defect, workers
compensation, and legal and medical malpractice.
More than ever before, health insurance finds
itself at a cross roads between investors,
regulators, and the court of public opinion.
These challenges make healthcare an exciting
practice to be a part of.
At all levels, the life and annuities actuarial
practice includes the development and use of
complex computer models to understand risks and
the organizations that take on, transfer, and
finance these risks.
Life andAnnuities
Property Casualty
Healthcare
Each area provides services such as developing
premium rates, estimating unpaid claim costs,
designing insurance products, modeling and
forecasting risks, allocating capital, and
providing strategic advice.
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Oliver Wyman is able to provide services to
various types of clients, for most types of
insurance
Types of Clients
Types of Insurance

• Public and private enterprises
• Self-insured group organizations
• Life, health, and property casualty insurance
  and reinsurance companies
• Government entities
• Insurance regulatory agencies

• Property and Casualty
• General Liability
• Automobile Liability
• Workers Compensation
• Professional Liability
• Life Insurance
• Health Insurance

Examples of Projects

• Healthcare
• Analysis of Proposed Legislation
• Regulatory Evaluation of Mergers
• Pricing and Underwriting Support

• Property and Casualty
• Risk Retention Studies
• Pricing/Rate Filings
• Reserving and loss forecasting
• Due diligence for mergers andacquisitions

• Life and Annuities
• Pricing and Product Development
• Analysis of Insurance Co. Reorganizations
• Profit Studies Insurance and Annuity Programs

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Study ProgramWe offer a supportive and unique
study environment for our students

• Study bank system
• Receive a given number of paid time-off days at
  start of employment
• Used study days deplete the bank (limitations per
  exam sitting)
• Seminars are considered study days
• Passed exams replenish the bank
• Paid time-off for exam day (not deducted from
  study bank)
• Reimbursement of exam expenses
• Exam registration
• Study material (including study notes and problem
  manuals in addition to required material)
• Exam-related seminars (including reasonable
  travel expenses with approval)
• Competitive base salary increases for passed
  exams
• First-time pass bonuses

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Actuarial Analyst and Actuarial Intern Positions
at Oliver Wyman
What to expect as an analyst
What OWAC is looking for

• You will be a member of a project team with other
  consultants under the direction of an experienced
  actuary
• You will assist in various actuarial studies.
  Your responsibilities may include
• Gathering, cleansing, and integrity-checking of
  data
• Development of actuarial spreadsheet models
• Basic actuarial analysis
• Industry research
• Report and presentation construction

• Oliver Wyman Actuarial Consulting is looking for
  highly motivated, fun, energetic people.
• Qualities that we look for include
• Superior analytical and mathematical skills
• Effective communication skills, both written and
  oral
• Strong intellectual curiosity to solve business
  and analytical problems
• Ability to work independently and as part of a
  team to meet client requirements
• Dedication to studying and passing actuarial
  exams with the goal of attaining Associateship or
  Fellowship