Wiener Global Actuarial Services
Strengthening Social Insurance Programs Worldwide
About
Wiener Global Actuarial Services specializes in providing advice to foreign governments and consulting services to international development institutions. Our primary area of expertise is the design, funding and administration of national social insurance programs. This includes all types of mandatory and voluntary pension programs (including those for general employees, civil servants, and the military). It also includes universal health care programs and health care programs for particular segments of the labor force or for the poor, and long-term care programs. For all of these programs, we specialize in actuarial modeling to project the medium and long-term costs of these programs, including the impact of population ageing on coverage and costs. In an ageing world, the cost of these vital programs continue to grow and must be carefully managed to ensure fiscal sustainability.
Our Values
Our goal is to provide our clients with the data analytics, analysis, research and education that they need to make informed decisions about the design, financing and administration of their social insurance programs. We are not ideologically driven and we do not believe there is only one single best solution to all problems. Rather than telling clients what they should to, we focus more on advising on what they should not to -- how to avoid major mistakes. And we advise our clients on the range of options available to them and the advantages and disadvantages of each approach, all accompanied by professional actuarial analysis. We work with the client to understand and help them implement their goals and objectives, rather than trying to force them toward our preconceived notions of what they should do. We share international experience with our clients, but we understand that a system from one country will not be appropriate for every country. In addition to understanding the programs in other countries, we also provide background on the history and politics of the decisions that other countries made to provide perspective.
Services
Pension Design and Reform
We are experts in the design and reform of multi-pillar pension programs including traditional defined benefit plans, mandatory and voluntary defined contribution plans and notional defined contribution plans (NDC)
Actuarial Modeling
We have expertise in projecting the long-term cost of social insurance programs, taking into account the impact of population ageing on coverage and cost. We prepare custom actuarial models for pension, health and long-term care programs
Pension Administration
We provide services to pension administrators to help them manage and properly use program data, establish proper governance procedures, manage fiscal sustainability and other corporate risks, and structure actuarial departments (if part of their responsibilities)
International Experience
Former Soviet Union: Ukraine, Belarus, Russia, Armenia, Azerbaijan, Georgia, Kazakhstan
Eastern Europe: Bulgaria, Romania, Poland
West Balkans: North Macedonia, Serbia
Southeast Asia: Indonesia, Vietnam, Timor-Leste, Thailand
East Africa: Zimbabwe, Mauritius, Ethiopia
Mitchell Wiener Biography
Mitchell Wiener is the founder of the company, its senior actuary and CEO. He was employed as a Senior Social Protection Specialist by the World Bank from 2010 until his retirement at the end of 2022, and worked with several international development partners prior to 2010.
Mitch is a Fellow of the Society of Actuaries (FSA, 1981) and an Enrolled Actuary (EA, 1983) with 46 years of policy, management and technical experience in the United States and overseas. Mitch’s primary area of technical expertise is public and private pensions, although he also has significant experience with social assistance, labor markets, national health insurance and long-term care insurance programs. In addition, he has experience with investment management; insurance and pension regulation; and life insurance company operations, product development, pricing, and asset-liability management.
Mitch has extensive management, policy and advocacy experience. During his career, Mitch has worked regularly and collaboratively with legislatures, senior government officials, directors of social security administrative agencies, senior corporate officers, boards of directors, and the media. He has been a speaker at professional conferences, workshops, and talk shows on a wide variety of pension and other topics throughout his career.
His international work has focused on six primary areas:
• Social Security system policy, design, financing and administration
• Reform of civil service pension systems
• Development and implementation of mandatory and voluntary private pension systems
• Design and financing of national health insurance and long-term care programs
• Pension and insurance regulatory agency development and training
• Actuarial professional development.
Mitch served informally as the Bank’s lead actuary during his time in Washington DC and has provided assistance globally to other senior Bank staff, particularly on pension, health and long-term care actuarial modeling issues. He has also completed an EU-wide pension project covering disability pensions, voluntary pension systems and is the Bank’s leading expert on calculation and disclosure of actuarial accrued liabilities for social security and private pension systems.
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