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Global Actuarial Service Market Research Report 2024
Synopsis
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.
The global Actuarial Service market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Actuarial Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Actuarial Service.
Report Scope
The Actuarial Service market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Actuarial Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Actuarial Service companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Loss Reserve Certification
Loss Funding and Payout Projection
Ratemaking
Captive Feasibility Study
Retention Optimisation
Risk Transfer Opinion
Others
Segment by Application
Insurance
Bank
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Actuarial Service companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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.
The global Actuarial Service market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Actuarial Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Actuarial Service.
Report Scope
The Actuarial Service market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Actuarial Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Actuarial Service companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Loss Reserve Certification
Loss Funding and Payout Projection
Ratemaking
Captive Feasibility Study
Retention Optimisation
Risk Transfer Opinion
Others
Segment by Application
Insurance
Bank
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Actuarial Service companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Actuarial Service Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Loss Reserve Certification
1.2.3 Loss Funding and Payout Projection
1.2.4 Ratemaking
1.2.5 Captive Feasibility Study
1.2.6 Retention Optimisation
1.2.7 Risk Transfer Opinion
1.2.8 Others
1.3 Market by Application
1.3.1 Global Actuarial Service Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Insurance
1.3.3 Bank
1.3.4 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Actuarial Service Market Perspective (2019-2030)
2.2 Actuarial Service Growth Trends by Region
2.2.1 Global Actuarial Service Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Actuarial Service Historic Market Size by Region (2019-2024)
2.2.3 Actuarial Service Forecasted Market Size by Region (2025-2030)
2.3 Actuarial Service Market Dynamics
2.3.1 Actuarial Service Industry Trends
2.3.2 Actuarial Service Market Drivers
2.3.3 Actuarial Service Market Challenges
2.3.4 Actuarial Service Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Actuarial Service Players by Revenue
3.1.1 Global Top Actuarial Service Players by Revenue (2019-2024)
3.1.2 Global Actuarial Service Revenue Market Share by Players (2019-2024)
3.2 Global Actuarial Service Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Actuarial Service Revenue
3.4 Global Actuarial Service Market Concentration Ratio
3.4.1 Global Actuarial Service Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Actuarial Service Revenue in 2023
3.5 Actuarial Service Key Players Head office and Area Served
3.6 Key Players Actuarial Service Product Solution and Service
3.7 Date of Enter into Actuarial Service Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Actuarial Service Breakdown Data by Type
4.1 Global Actuarial Service Historic Market Size by Type (2019-2024)
4.2 Global Actuarial Service Forecasted Market Size by Type (2025-2030)
5 Actuarial Service Breakdown Data by Application
5.1 Global Actuarial Service Historic Market Size by Application (2019-2024)
5.2 Global Actuarial Service Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Actuarial Service Market Size (2019-2030)
6.2 North America Actuarial Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Actuarial Service Market Size by Country (2019-2024)
6.4 North America Actuarial Service Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Actuarial Service Market Size (2019-2030)
7.2 Europe Actuarial Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Actuarial Service Market Size by Country (2019-2024)
7.4 Europe Actuarial Service Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Actuarial Service Market Size (2019-2030)
8.2 Asia-Pacific Actuarial Service Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Actuarial Service Market Size by Region (2019-2024)
8.4 Asia-Pacific Actuarial Service Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Actuarial Service Market Size (2019-2030)
9.2 Latin America Actuarial Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Actuarial Service Market Size by Country (2019-2024)
9.4 Latin America Actuarial Service Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Actuarial Service Market Size (2019-2030)
10.2 Middle East & Africa Actuarial Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Actuarial Service Market Size by Country (2019-2024)
10.4 Middle East & Africa Actuarial Service Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 PwC
11.1.1 PwC Company Detail
11.1.2 PwC Business Overview
11.1.3 PwC Actuarial Service Introduction
11.1.4 PwC Revenue in Actuarial Service Business (2019-2024)
11.1.5 PwC Recent Development
11.2 EY
11.2.1 EY Company Detail
11.2.2 EY Business Overview
11.2.3 EY Actuarial Service Introduction
11.2.4 EY Revenue in Actuarial Service Business (2019-2024)
11.2.5 EY Recent Development
11.3 Deloitte
11.3.1 Deloitte Company Detail
11.3.2 Deloitte Business Overview
11.3.3 Deloitte Actuarial Service Introduction
11.3.4 Deloitte Revenue in Actuarial Service Business (2019-2024)
11.3.5 Deloitte Recent Development
11.4 KPMG
11.4.1 KPMG Company Detail
11.4.2 KPMG Business Overview
11.4.3 KPMG Actuarial Service Introduction
11.4.4 KPMG Revenue in Actuarial Service Business (2019-2024)
11.4.5 KPMG Recent Development
11.5 Aon
11.5.1 Aon Company Detail
11.5.2 Aon Business Overview
11.5.3 Aon Actuarial Service Introduction
11.5.4 Aon Revenue in Actuarial Service Business (2019-2024)
11.5.5 Aon Recent Development
11.6 Saber Pension
11.6.1 Saber Pension Company Detail
11.6.2 Saber Pension Business Overview
11.6.3 Saber Pension Actuarial Service Introduction
11.6.4 Saber Pension Revenue in Actuarial Service Business (2019-2024)
11.6.5 Saber Pension Recent Development
11.7 LifeWorks
11.7.1 LifeWorks Company Detail
11.7.2 LifeWorks Business Overview
11.7.3 LifeWorks Actuarial Service Introduction
11.7.4 LifeWorks Revenue in Actuarial Service Business (2019-2024)
11.7.5 LifeWorks Recent Development
11.8 Lockton Companies
11.8.1 Lockton Companies Company Detail
11.8.2 Lockton Companies Business Overview
11.8.3 Lockton Companies Actuarial Service Introduction
11.8.4 Lockton Companies Revenue in Actuarial Service Business (2019-2024)
11.8.5 Lockton Companies Recent Development
11.9 Alkhwarizmi Actuarial Services
11.9.1 Alkhwarizmi Actuarial Services Company Detail
11.9.2 Alkhwarizmi Actuarial Services Business Overview
11.9.3 Alkhwarizmi Actuarial Services Actuarial Service Introduction
11.9.4 Alkhwarizmi Actuarial Services Revenue in Actuarial Service Business (2019-2024)
11.9.5 Alkhwarizmi Actuarial Services Recent Development
11.10 Baker Tilly
11.10.1 Baker Tilly Company Detail
11.10.2 Baker Tilly Business Overview
11.10.3 Baker Tilly Actuarial Service Introduction
11.10.4 Baker Tilly Revenue in Actuarial Service Business (2019-2024)
11.10.5 Baker Tilly Recent Development
11.11 Robus Group
11.11.1 Robus Group Company Detail
11.11.2 Robus Group Business Overview
11.11.3 Robus Group Actuarial Service Introduction
11.11.4 Robus Group Revenue in Actuarial Service Business (2019-2024)
11.11.5 Robus Group Recent Development
11.12 Marsh McLennan Agency
11.12.1 Marsh McLennan Agency Company Detail
11.12.2 Marsh McLennan Agency Business Overview
11.12.3 Marsh McLennan Agency Actuarial Service Introduction
11.12.4 Marsh McLennan Agency Revenue in Actuarial Service Business (2019-2024)
11.12.5 Marsh McLennan Agency Recent Development
11.13 Huggins Actuarial Services
11.13.1 Huggins Actuarial Services Company Detail
11.13.2 Huggins Actuarial Services Business Overview
11.13.3 Huggins Actuarial Services Actuarial Service Introduction
11.13.4 Huggins Actuarial Services Revenue in Actuarial Service Business (2019-2024)
11.13.5 Huggins Actuarial Services Recent Development
11.14 Marsh
11.14.1 Marsh Company Detail
11.14.2 Marsh Business Overview
11.14.3 Marsh Actuarial Service Introduction
11.14.4 Marsh Revenue in Actuarial Service Business (2019-2024)
11.14.5 Marsh Recent Development
11.15 Willis Towers Watson
11.15.1 Willis Towers Watson Company Detail
11.15.2 Willis Towers Watson Business Overview
11.15.3 Willis Towers Watson Actuarial Service Introduction
11.15.4 Willis Towers Watson Revenue in Actuarial Service Business (2019-2024)
11.15.5 Willis Towers Watson Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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