Actuarial - Internship - Summer

Company Overview

Oliver Wyman is a global leader in management consulting, with offices in 60 cities across 29 countries. We combine deep industry knowledge with specialized expertise in strategy, operations, risk management, and organizational transformation. Our 7,000+ professionals help clients optimize performance, improve operations and risk profiles, and capture the most attractive opportunities.

• Actuarial & Strategy Intern – Integrated Consulting Group (ICG)
• Actuarial Intern – Health, Life or Property & Casualty (P&C)

Practice: Integrated Consulting Group

ICG combines actuarial expertise with strategy consulting to help insurers and asset managers solve complex challenges across finance, operations, product strategy, and M&A. Through its rotational model, ICG works across management consulting, Life, Health, and P&C practices; interns will typically gain hands‑on experience in one or two of these areas during the summer.

Chicago, New York

• Support consultants and actuaries in analyzing business problems using data, research, and structured problem‑solving approaches
• Conduct industry and market research to help inform client recommendations
• Assist in developing presentations, financial analyses, and other client deliverables
• Collaborate with project teams to support engagement execution and learn consulting best practices

• Designing target operating models for finance and actuarial functions
• Supporting the launch of new or “greenfield” insurance businesses
• Developing corporate strategies across product, distribution, and operations
• Driving large‑scale transformation across actuarial, finance, and technology

• Class of 2028 or 2029
• Currently pursuing a degree in Actuarial Science, Mathematics, Statistics, or another STEM or business‑related field
• Minimum GPA of 3.5
• Interest in the CAS, SOA, or CFA track
• Strong interest in both strategy consulting and actuarial applications
• Strong analytical and problem‑solving skills, including the ability to navigate ambiguous or strategic business challenges
• Excellent written and verbal communication
• Ability to manage multiple priorities in a fast‑paced environment
• Collaborative mindset with the ability to work independently
• Technical skills (preferred):
  Excel; familiarity with R, Python, SQL, SAS, or VBA

Advises health plans, providers, and regulators on pricing, risk management, and value‑based care using actuarial analysis and advanced analytics.

Atlanta, Chicago, Milwaukee, Philadelphia, New York, San Francisco, Washington, D.C.

• Support actuarial analyses related to pricing, forecasting, and financial performance
• Work with healthcare datasets to identify trends, summarize findings, and develop insights
• Assist in preparing client‑ready presentations, exhibits, and analytical summaries
• Collaborate with consultants and actuaries to support project delivery and client service

• Medical and pharmacy claims analysis and benchmarking
• Market and regulatory impact assessments
• Medicare and commercial rate development and reviews
• Medicare advantage bid development and commercial pricing

Focuses on life, annuity, and long‑term care work, including pricing, valuation, and actuarial model transformation.

Atlanta, Boston, Charlotte, Chicago, Hartford, New York, Seattle

• Support actuarial modeling and analysis related to valuation, pricing, and financial projections
• Assist with data analysis, assumption reviews, and sensitivity testing exercises
  
  Research industry trends and emerging topics to support client engagements
• Prepare analyses, exhibits, and presentation materials for internal and client‑facing discussions

• Life and annuity product development, pricing, and valuation
• Assumption setting and model methodology review
• M&A due diligence and financial projections
• Model transformation, conversions, and long‑term care analytics
• Cloud implementation,…