The global Actuarial Service market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.
The rise of black swan events and catastrophic losses are placing the insurance industry under greater pressure than ever before. To address these shifting realities and maintain profitability, insurers must price their products more effectively, build more sensitive risk models and enhance operational efficiency. Financial services organizations as a whole must also take steps to stress test their balance sheets and quantify their risk exposures. Achieving these goals calls for more complex and precise actuarial analyses.
In the U.S., the main companies providing actuarial services are Milliman, Willis Towers Watson, PwC, EY, Deloitte, KPMG, Aon, Saber Pension, LifeWorks, etc., with Milliman and Willis Towers Watson holding close to 25% of the market share. In terms of their product categories, the market size of Loss Reserve Certification, Loss Funding and Dividend Forecasting & Valuation are growing faster with a trend of 1.43%, 1.42% and 1.2% respectively.
The report includes an overview of the development of the Actuarial Service industry chain, the market status of Insurance (Loss Reserve Certification, Loss Funding and Payout Projection), Bank (Loss Reserve Certification, Loss Funding and Payout Projection), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Actuarial Service.
Regionally, the report analyzes the Actuarial Service markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Actuarial Service market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Actuarial Service market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Actuarial Service industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Loss Reserve Certification, Loss Funding and Payout Projection).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Actuarial Service market.
Regional Analysis: The report involves examining the Actuarial Service market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Actuarial Service market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Actuarial Service:
Company Analysis: Report covers individual Actuarial Service players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Actuarial Service This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Insurance, Bank).
Technology Analysis: Report covers specific technologies relevant to Actuarial Service. It assesses the current state, advancements, and potential future developments in Actuarial Service areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Actuarial Service market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Actuarial Service market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
Loss Reserve Certification
Loss Funding and Payout Projection
Ratemaking
Captive Feasibility Study
Retention Optimisation
Risk Transfer Opinion
Others
Market segment by Application
Insurance
Bank
Others
Market segment by players, this report covers
PwC
EY
Deloitte
KPMG
Aon
Saber Pension
LifeWorks
Lockton Companies
Alkhwarizmi Actuarial Services
Baker Tilly
Robus Group
Marsh McLennan Agency
Huggins Actuarial Services
Marsh
Willis Towers Watson
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Actuarial Service product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Actuarial Service, with revenue, gross margin and global market share of Actuarial Service from 2019 to 2024.
Chapter 3, the Actuarial Service competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Actuarial Service market forecast, by regions, type and application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Actuarial Service.
Chapter 13, to describe Actuarial Service research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope of Actuarial Service
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Actuarial Service by Type
1.3.1 Overview: Global Actuarial Service Market Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global Actuarial Service Consumption Value Market Share by Type in 2023
1.3.3 Loss Reserve Certification
1.3.4 Loss Funding and Payout Projection
1.3.5 Ratemaking
1.3.6 Captive Feasibility Study
1.3.7 Retention Optimisation
1.3.8 Risk Transfer Opinion
1.3.9 Others
1.4 Global Actuarial Service Market by Application
1.4.1 Overview: Global Actuarial Service Market Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Insurance
1.4.3 Bank
1.4.4 Others
1.5 Global Actuarial Service Market Size & Forecast
1.6 Global Actuarial Service Market Size and Forecast by Region
1.6.1 Global Actuarial Service Market Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global Actuarial Service Market Size by Region, (2019-2030)
1.6.3 North America Actuarial Service Market Size and Prospect (2019-2030)
1.6.4 Europe Actuarial Service Market Size and Prospect (2019-2030)
1.6.5 Asia-Pacific Actuarial Service Market Size and Prospect (2019-2030)
1.6.6 South America Actuarial Service Market Size and Prospect (2019-2030)
1.6.7 Middle East and Africa Actuarial Service Market Size and Prospect (2019-2030)
2 Company Profiles
2.1 PwC
2.1.1 PwC Details
2.1.2 PwC Major Business
2.1.3 PwC Actuarial Service Product and Solutions
2.1.4 PwC Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 PwC Recent Developments and Future Plans
2.2 EY
2.2.1 EY Details
2.2.2 EY Major Business
2.2.3 EY Actuarial Service Product and Solutions
2.2.4 EY Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 EY Recent Developments and Future Plans
2.3 Deloitte
2.3.1 Deloitte Details
2.3.2 Deloitte Major Business
2.3.3 Deloitte Actuarial Service Product and Solutions
2.3.4 Deloitte Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 Deloitte Recent Developments and Future Plans
2.4 KPMG
2.4.1 KPMG Details
2.4.2 KPMG Major Business
2.4.3 KPMG Actuarial Service Product and Solutions
2.4.4 KPMG Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 KPMG Recent Developments and Future Plans
2.5 Aon
2.5.1 Aon Details
2.5.2 Aon Major Business
2.5.3 Aon Actuarial Service Product and Solutions
2.5.4 Aon Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 Aon Recent Developments and Future Plans
2.6 Saber Pension
2.6.1 Saber Pension Details
2.6.2 Saber Pension Major Business
2.6.3 Saber Pension Actuarial Service Product and Solutions
2.6.4 Saber Pension Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 Saber Pension Recent Developments and Future Plans
2.7 LifeWorks
2.7.1 LifeWorks Details
2.7.2 LifeWorks Major Business
2.7.3 LifeWorks Actuarial Service Product and Solutions
2.7.4 LifeWorks Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 LifeWorks Recent Developments and Future Plans
2.8 Lockton Companies
2.8.1 Lockton Companies Details
2.8.2 Lockton Companies Major Business
2.8.3 Lockton Companies Actuarial Service Product and Solutions
2.8.4 Lockton Companies Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 Lockton Companies Recent Developments and Future Plans
2.9 Alkhwarizmi Actuarial Services
2.9.1 Alkhwarizmi Actuarial Services Details
2.9.2 Alkhwarizmi Actuarial Services Major Business
2.9.3 Alkhwarizmi Actuarial Services Actuarial Service Product and Solutions
2.9.4 Alkhwarizmi Actuarial Services Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Alkhwarizmi Actuarial Services Recent Developments and Future Plans
2.10 Baker Tilly
2.10.1 Baker Tilly Details
2.10.2 Baker Tilly Major Business
2.10.3 Baker Tilly Actuarial Service Product and Solutions
2.10.4 Baker Tilly Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 Baker Tilly Recent Developments and Future Plans
2.11 Robus Group
2.11.1 Robus Group Details
2.11.2 Robus Group Major Business
2.11.3 Robus Group Actuarial Service Product and Solutions
2.11.4 Robus Group Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.11.5 Robus Group Recent Developments and Future Plans
2.12 Marsh McLennan Agency
2.12.1 Marsh McLennan Agency Details
2.12.2 Marsh McLennan Agency Major Business
2.12.3 Marsh McLennan Agency Actuarial Service Product and Solutions
2.12.4 Marsh McLennan Agency Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.12.5 Marsh McLennan Agency Recent Developments and Future Plans
2.13 Huggins Actuarial Services
2.13.1 Huggins Actuarial Services Details
2.13.2 Huggins Actuarial Services Major Business
2.13.3 Huggins Actuarial Services Actuarial Service Product and Solutions
2.13.4 Huggins Actuarial Services Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.13.5 Huggins Actuarial Services Recent Developments and Future Plans
2.14 Marsh
2.14.1 Marsh Details
2.14.2 Marsh Major Business
2.14.3 Marsh Actuarial Service Product and Solutions
2.14.4 Marsh Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.14.5 Marsh Recent Developments and Future Plans
2.15 Willis Towers Watson
2.15.1 Willis Towers Watson Details
2.15.2 Willis Towers Watson Major Business
2.15.3 Willis Towers Watson Actuarial Service Product and Solutions
2.15.4 Willis Towers Watson Actuarial Service Revenue, Gross Margin and Market Share (2019-2024)
2.15.5 Willis Towers Watson Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Actuarial Service Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
3.2.1 Market Share of Actuarial Service by Company Revenue
3.2.2 Top 3 Actuarial Service Players Market Share in 2023
3.2.3 Top 6 Actuarial Service Players Market Share in 2023
3.3 Actuarial Service Market: Overall Company Footprint Analysis
3.3.1 Actuarial Service Market: Region Footprint
3.3.2 Actuarial Service Market: Company Product Type Footprint
3.3.3 Actuarial Service Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
4.1 Global Actuarial Service Consumption Value and Market Share by Type (2019-2024)
4.2 Global Actuarial Service Market Forecast by Type (2025-2030)
5 Market Size Segment by Application
5.1 Global Actuarial Service Consumption Value Market Share by Application (2019-2024)
5.2 Global Actuarial Service Market Forecast by Application (2025-2030)
6 North America
6.1 North America Actuarial Service Consumption Value by Type (2019-2030)
6.2 North America Actuarial Service Consumption Value by Application (2019-2030)
6.3 North America Actuarial Service Market Size by Country
6.3.1 North America Actuarial Service Consumption Value by Country (2019-2030)
6.3.2 United States Actuarial Service Market Size and Forecast (2019-2030)
6.3.3 Canada Actuarial Service Market Size and Forecast (2019-2030)
6.3.4 Mexico Actuarial Service Market Size and Forecast (2019-2030)
7 Europe
7.1 Europe Actuarial Service Consumption Value by Type (2019-2030)
7.2 Europe Actuarial Service Consumption Value by Application (2019-2030)
7.3 Europe Actuarial Service Market Size by Country
7.3.1 Europe Actuarial Service Consumption Value by Country (2019-2030)
7.3.2 Germany Actuarial Service Market Size and Forecast (2019-2030)
7.3.3 France Actuarial Service Market Size and Forecast (2019-2030)
7.3.4 United Kingdom Actuarial Service Market Size and Forecast (2019-2030)
7.3.5 Russia Actuarial Service Market Size and Forecast (2019-2030)
7.3.6 Italy Actuarial Service Market Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific Actuarial Service Consumption Value by Type (2019-2030)
8.2 Asia-Pacific Actuarial Service Consumption Value by Application (2019-2030)
8.3 Asia-Pacific Actuarial Service Market Size by Region
8.3.1 Asia-Pacific Actuarial Service Consumption Value by Region (2019-2030)
8.3.2 China Actuarial Service Market Size and Forecast (2019-2030)
8.3.3 Japan Actuarial Service Market Size and Forecast (2019-2030)
8.3.4 South Korea Actuarial Service Market Size and Forecast (2019-2030)
8.3.5 India Actuarial Service Market Size and Forecast (2019-2030)
8.3.6 Southeast Asia Actuarial Service Market Size and Forecast (2019-2030)
8.3.7 Australia Actuarial Service Market Size and Forecast (2019-2030)
9 South America
9.1 South America Actuarial Service Consumption Value by Type (2019-2030)
9.2 South America Actuarial Service Consumption Value by Application (2019-2030)
9.3 South America Actuarial Service Market Size by Country
9.3.1 South America Actuarial Service Consumption Value by Country (2019-2030)
9.3.2 Brazil Actuarial Service Market Size and Forecast (2019-2030)
9.3.3 Argentina Actuarial Service Market Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa Actuarial Service Consumption Value by Type (2019-2030)
10.2 Middle East & Africa Actuarial Service Consumption Value by Application (2019-2030)
10.3 Middle East & Africa Actuarial Service Market Size by Country
10.3.1 Middle East & Africa Actuarial Service Consumption Value by Country (2019-2030)
10.3.2 Turkey Actuarial Service Market Size and Forecast (2019-2030)
10.3.3 Saudi Arabia Actuarial Service Market Size and Forecast (2019-2030)
10.3.4 UAE Actuarial Service Market Size and Forecast (2019-2030)
11 Market Dynamics
11.1 Actuarial Service Market Drivers
11.2 Actuarial Service Market Restraints
11.3 Actuarial Service Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 Actuarial Service Industry Chain
12.2 Actuarial Service Upstream Analysis
12.3 Actuarial Service Midstream Analysis
12.4 Actuarial Service Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
PwC
EY
Deloitte
KPMG
Aon
Saber Pension
LifeWorks
Lockton Companies
Alkhwarizmi Actuarial Services
Baker Tilly
Robus Group
Marsh McLennan Agency
Huggins Actuarial Services
Marsh
Willis Towers Watson
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*If Applicable.