Oliver Wyman Actuarial - Internship - Summer 2027

About the Role

Oliver Wyman offers summer internship roles within our Actuarial Practice, providing customized actuarial services and strategic insight to insurers, provider systems, regulators, and private equity firms. Candidates will rank their preferred role/practice from the following options:

• Actuarial & Strategy Intern – Integrated Consulting Group (ICG)
• Actuarial Intern – Health
• Actuarial Intern – Life
• Actuarial Intern – 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. All interns participate in our actuarial bootcamp, which includes presentations, case studies, and mentorship sessions over a six-week period to develop applicable skills for future actuarial employment.

Integrated Consulting Group (ICG)

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. Interns typically gain hands-on experience in one or two areas, while full-time team members rotate across all four groups, providing broader exposure than traditional actuarial firms.

Locations

• Chicago
• New York

Responsibilities

• Support consultants and actuaries in analyzing business problems using data, research, and structured problem-solving approaches.
• Conduct industry and market research to 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.

Example Projects

• 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.

Requirements

• Class of 2028 or 2029.
• 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 navigating 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.

Preferred Skills

• Excel
• Familiarity with R, Python, SQL, SAS, or VBA.

For an immersive experience, explore our ICG job simulation: Oliver Wyman Integrated Consulting Group - Forage.

Health Actuarial Intern

Overview

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

Locations

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

Responsibilities

• 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.

Example Projects

• 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.

Life Actuarial Intern

Overview

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

Locations

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

Responsibilities

• 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.

Example Projects

• 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, software development, and data engineering projects for actuarial teams.

Property & Casualty (P&C) Actuarial Intern

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.

Locations

• Atlanta
• Charlotte
• Chicago
• Houston
• Los Angeles
• New York
• San Francisco

Responsibilities

• Support actuarial analyses related to reserving, pricing, loss forecasting, and risk financing programs.
• Compile, organize, and analyze data to develop exhibits and summarize key findings.
• Assist with industry research, benchmarking studies, and business intelligence initiatives.
• Collaborate with consultants and actuaries to develop client-ready analyses and deliverables.

Example Projects

• Reserve analyses and loss forecasting for self-insured organizations and captive insurance companies.
• Cash flow projections and financial modeling to support risk financing decisions.
• Benchmarking studies and actuarial assessments across industries and risk programs.
• M&A due diligence and transaction support for insurance-related acquisitions.
• Development and enhancement of business intelligence tools and actuarial applications.

Requirements for Actuarial Interns (Health, Life, P&C)

• Class of 2028 or 2029.
• Pursuing a degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Interest in corresponding SOA or CAS track.
• Strong analytical and quantitative skills.
• Excellent written and verbal communication.
• Ability to manage multiple priorities in a fast-paced environment.
• Collaborative mindset with the ability to work independently.

Preferred Skills

• Excel
• Familiarity with R, Python, SQL, SAS, or VBA.

Pay

Intern weekly pay (U.S.): $1,350 – 1,600 USD, depending on role, practice, and location.

Work Authorization

Candidates must have permanent, unrestricted U.S. work authorization. Visa sponsorship is not available for this role. (CPT and OPT are considered restricted forms of work authorization.)

Why Join Us

• Work on challenging projects across different cultures and step out of your comfort zone.
• Receive on-the-job learning and formal training to develop communication, presentation, analytical, and client management skills.
• Join a culture that values authenticity, collaboration, and flexibility, including hybrid working opportunities.
• Participate in colleague resource groups and social activities.
• Work alongside diverse, inclusive, and down-to-earth colleagues who prioritize impact over hierarchy.