Oliver Wyman Actuarial - Internship - Summer 2027

Actuarial Internship OpportunitiesOliver 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.Within Oliver Wyman, the Actuarial Practice provides customized actuarial services and strategic insight to insurers, provider systems, regulators, and private equity firms. We bring together actuarial expertise, advanced analytics, and technology to solve complex problems and enable forward-looking decisions.Our team includes 600+ professionals (including ~300 credentialed actuaries) across 41 global locations. We work closely with Marsh, Mercer, and Guy Carpenter to support clients on strategy, operations, capital efficiency, and large-scale transformation.Summer Internship RolesCandidates applying for this role will be asked to rank their preferred role/practice:Actuarial & Strategy Intern – Integrated Consulting Group (ICG)Actuarial Intern – Health, Life or Property & Casualty (P&C)Each practice offers a distinct focus area within actuarial and consulting work. Office availability varies by practice, and candidates will be aligned accordingly during the interview process.In addition, all interns participate in our actuarial bootcamp which consists of a series of presentations, case studies, and mentorship sessions over a six-week period during the summer and aims to give participants a valuable and directly applicable skillset for future employment opportunities within the actuarial industry.Actuarial & Strategy InternPractice: Integrated Consulting GroupICG Overview 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; while interns will typically gain hands-on experience in one or two of these areas during the summer, full-time team members rotate across all four groups. This unique structure provides broader and more diverse exposure than traditional actuarial firms, accelerating development in both consulting and actuarial disciplines.ICG Locations: Chicago, New YorkWhat You'll Do as an ICG InternSupport consultants and actuaries in analyzing business problems using data, research, and structured problem-solving approachesConduct industry and market research to help inform client recommendationsAssist in developing presentations, financial analyses, and other client deliverablesCollaborate with project teams to support engagement execution and learn consulting best practicesExample ICG ProjectsDesigning target operating models for finance and actuarial functionsSupporting the launch of new or "greenfield" insurance businessesDeveloping corporate strategies across product, distribution, and operationsDriving large-scale transformation across actuarial, finance, and technologyQualifications and Skills: Actuarial and Strategy Consulting Intern (ICG)Class of 2028 or 2029Currently pursuing a degree in Actuarial Science, Mathematics, Statistics, or another STEM or business-related fieldMinimum GPA of 3.5Interest in the CAS, SOA, or CFA trackStrong interest in both strategy consulting and actuarial applicationsStrong analytical and problem-solving skills, including the ability to navigate ambiguous or strategic business challengesExcellent written and verbal communicationAbility to manage multiple priorities in a fast-paced environmentCollaborative mindset with the ability to work independentlyTechnical skills (preferred): Excel; familiarity with R, Python, SQL, SAS, or VBAActuarial InternPractices: Health, Life, Property & Casualty (P&C)HealthHealth Overview: Advises health plans, providers, and regulators on pricing, risk management, and value-based care using actuarial analysis and advanced analytics.Health Locations: Atlanta, Chicago, Milwaukee, Philadelphia, New York, San Francisco, Washington, D.C.What You'll Do as a Health InternSupport actuarial analyses related to pricing, forecasting, and financial performanceWork with healthcare datasets to identify trends, summarize findings, and develop insightsAssist in preparing client-ready presentations, exhibits, and analytical summariesCollaborate with consultants and actuaries to support project delivery and client serviceExample Health ProjectsMedical and pharmacy claims analysis and benchmarkingMarket and regulatory impact assessmentsMedicare and commercial rate development and reviewsMedicare advantage bid development and commercial pricingLifeLife Overview: Focuses on life, annuity, and long-term care work, including pricing, valuation, and actuarial model transformation.Life Locations: Atlanta, Boston, Charlotte, Chicago, Hartford, New York, SeattleWhat You'll Do as a Life InternSupport actuarial modeling and analysis related to valuation, pricing, and financial projectionsAssist with data analysis, assumption reviews, and sensitivity testing exercisesResearch industry trends and emerging topics to support client engagementsPrepare analyses, exhibits, and presentation materials for internal and client-facing discussionsExample Life ProjectsLife and annuity product development, pricing, and valuationAssumption setting and model methodology reviewM&A due diligence and financial projectionsModel transformation, conversions, and long-term care analyticsCloud implementation, software development, and data engineering projects for actuarial teamsProperty and Casualty (P&C)P&C Overview: Advises insurance companies, corporations, captive insurers, healthcare systems, and regulators on risk financing, reserving, pricing, and financial forecasting through actuarial analysis and data-driven insights.P&C Locations: Atlanta, Charlotte, Chicago, Houston, Los Angeles, New York, San FranciscoWhat You'll Do as a P&C InternSupport actuarial analyses related to reserving, pricing, loss forecasting, and risk financing programsCompile, organize, and analyze data to develop exhibits and summarize key findingsAssist with industry research, benchmarking studies, and business intelligence initiativesCollaborate with consultants and actuaries to develop client-ready analyses and deliverablesExample P&C ProjectsReserve analyses and loss forecasting for self-insured organizations and captive insurance companiesCash flow projections and financial modeling to support risk financing decisionsBenchmarking studies and actuarial assessments across industries and risk programsM&A due diligence and transaction support for insurance-related acquisitionsDevelopment and enhancement of business intelligence tools and actuarial applicationsQualifications and Skills: Actuarial Intern (Health, Life, and P&C)Class of 2028 or 2029Pursuing a degree in Actuarial Science, Mathematics, Statistics, or a related fieldInterest in corresponding SOA or CAS trackStrong analytical and quantitative skillsExcellent written and verbal communicationAbility to manage multiple priorities in a fast-paced environmentCollaborative mindset with the ability to work independentlyTechnical skills: Excel; familiarity with R, Python, SQL, SAS, or VBAInternship Compensation & BenefitsIntern weekly pay (U.S.): $1,350 – 1,600 USD, depending on