Global Actuarial Service Supply, Demand and Key Producers, 2023-2029

Global Actuarial Service Supply, Demand and Key Producers, 2023-2029

The global Actuarial Service market size is expected to reach $ million by 2029, rising at a market growth of % CAGR during the forecast period (2023-2029).

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 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.

This report studies the global Actuarial Service demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Actuarial Service, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Actuarial Service that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Actuarial Service total market, 2018-2029, (USD Million)

Global Actuarial Service total market by region & country, CAGR, 2018-2029, (USD Million)

U.S. VS China: Actuarial Service total market, key domestic companies and share, (USD Million)

Global Actuarial Service revenue by player and market share 2018-2023, (USD Million)

Global Actuarial Service total market by Type, CAGR, 2018-2029, (USD Million)

Global Actuarial Service total market by Application, CAGR, 2018-2029, (USD Million)

This reports profiles major players in the global Actuarial Service market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include PwC, EY, Deloitte, KPMG, Aon, Saber Pension, LifeWorks, Lockton Companies and Alkhwarizmi Actuarial Services, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Actuarial Service market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Actuarial Service Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Actuarial Service Market, Segmentation by Type
Loss Reserve Certification
Loss Funding and Payout Projection
Ratemaking
Captive Feasibility Study
Retention Optimisation
Risk Transfer Opinion
Others

Global Actuarial Service Market, Segmentation by Application
Insurance
Bank
Others

Companies Profiled:
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

Key Questions Answered

1. How big is the global Actuarial Service market?

2. What is the demand of the global Actuarial Service market?

3. What is the year over year growth of the global Actuarial Service market?

4. What is the total value of the global Actuarial Service market?

5. Who are the major players in the global Actuarial Service market?

6. What are the growth factors driving the market demand?