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Oliver Wyman’s actuarial consulting business has opened a new Tokyo branch, boosting the number of offices it maintains in Asia to four.

David Weinsier, the global head of Oliver Wyman’s actuarial services business, commented in a prepared statement that “this represents a key milestone in growing our global actuarial practice. We see Asia as an important opportunity to serve our expanding client base, both on-the-ground and those considering expanding into the region.”

Actuarial science is a niche field that concerns itself with the study of risk in the insurance sector. For example, an actuary can help an insurer figure out how likely it is that a piece of manufacturing equipment will break down in the next 2 years. The insurer can then use this information to set its premiums.

Actuarial consulting is one of many areas where Oliver Wyman competes. It also assists companies with IT modernization projects, supply chain optimization and a range of other business transformation initiatives. Oliver Wyman operates as the management consulting arm of Marsh McLennan, one of the world’s largest professional services companies by revenue.

The firm’s new actuarial services business in Japan is led by Takahiro Nishiyama, a long-time insurance industry executive. He previously spent eight years at SCOR, a French provider of reinsurance services. He most recently held the role of senior marketing actuary, a position that his LinkedIn profile indicates placed an emphasis on new business acquisition. 

Nishiyama earlier spent seven years at EY as a consultant focused on helping insurance companies optimize their business operations. Before that, he worked for a few years at U.S. insurance services giant The Hartford. Nishiyama holds a BS in mathematics.

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