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Oliver Wyman style · Profitability · Medium

Ashcombe Insurance's motor book slips into loss

Steps
9
Maths
3
Exhibits
3
Minutes
~23

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The interviewer
Our client, Ashcombe Insurance, is a mid-size motor insurer. Two years ago its combined ratio was 96%; this year it is above 100%, so the motor book is losing money on underwriting. Most of its new customers now arrive through price comparison websites. The CEO wants to know what has gone wrong and how to fix it. Where would you like to start?

What you are scored on

  • Problem understanding1 step
  • Structure & MECE1 step
  • Quantitative accuracy3 steps
  • Exhibit interpretation2 steps
  • Business judgement1 step
  • Synthesis & recommendation1 step

How it runs

  1. 1One question at a timeClarify, structure, run the numbers from the exhibits, then recommend, as the interviewer would take you through it.
  2. 2Feedback on every answerEach step is marked straight away, with coaching and the interviewer's next words, so you never lose the thread.
  3. 3A scored debriefYour result across seven skills, the drill that fixes the weakest one, and the full answer key.

Read before you start

Ashcombe Insurance's motor book slips into loss: guided profitability case · PartnerRound