SEARCH   
MEMBER LOGIN      
Forgot Password?

Actuarial Consulting Services in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Actuarial Consulting Services Market Research Report | SIC UK0.022 | Jun 2016

High reward: Demand for risk management services has supported strong growth

IBISWorld’s Actuarial Consulting Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Aon Hewitt Ltd Aon Hewitt Ltd market share
Deloitte LLP Deloitte LLP market share
Ernst & Young LLP Ernst & Young LLP market share
Mercer Ltd Mercer Ltd market share
PricewaterhouseCoopers LLP PricewaterhouseCoopers LLP market share
Industry Statistics & Market Size
Revenue
£3bn
Annual Growth 12-17
4.1%
Annual Growth 17-22
Purchase to read more
Profit
Purchase to read more
Employment
16,276
Businesses
89
Industry Threats & Opportunities
  • Industry growth has been supported by strong demand from downstream markets
  • In the wake of the financial crisis, a range of companies have looked to the industry to manage risk
  • Industry participants are expected to expand their range of services, boosting revenue
  • ... purchase to read more

Industry Analysis & Industry Trends

Firms operating in the Actuarial Consulting Services industry use statistical models to assess risk in order to place a price on risk and mitigate the cost of that risk to their clients. The Pension Funding industry (IBISWorld report K65.300) is the largest downstream market for the industry, accounting for over 40% of industry revenue. Insurance, investment banking and other financial services firms are also important markets

The industry has performed well over the past five years, despite subdued economic conditions affecting performance at the start of the period. Revenue is expected to grow at a compound annual rate of 4.1% over the five years through 2016-17 to reach £2.8 billion... purchase to read more

Industry Report - Starting a New Business Chapter

The Actuarial Consulting Services industry has medium barriers to entry but high barriers to success for new market entrants. It does not cost much to set up an actuarial consulting practice, but operators must have a range of qualifications to practise in the industry. Furthermore, the industry is highly fragmented, and although there are a significant number of very large operators, and market share concentration is high, there are also a number of smaller enterprises, offering some respite for smaller firms pursuing niche clients. The top four companies in the industry have a combined estimated market share of 47.1%. Industry consolidation is increasing, though, which is projected to intensify competition and raise industry barriers to entry over the next five years.

.. purchase to read more

Additional Insights for the Actuarial Consulting Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Actuarial Consulting Services Industry are

  • Access to a highly skilled workforce
  • Ability to compete on tender
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Demand from pension funding and Demand from banks in the Actuarial Consulting Services industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Actuarial Consulting Services Industry?

    Firms in this industry assess risk and uncertainty by using statistical models, then create policies to minimise the cost of that risk to their clients. The industry excludes actuaries that are employed in-house by non-consulting firms such as insurance companies.

    Industry Products
    Pension consultingInsurance consultingEnterprise risk management and strategy consultingFinancial adviceOrganisational design consulting
     
    Industry Activities
    Actuarial consulting activities relating to pension schemesActuarial consulting activities relating to the insurance industryActuarial consulting activities relating to risk management and investment


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from pension funding
  • Demand from banks
  • Demand from general insurance
  • Demand from investment banking and securities brokerage
  • Current Performance
  • Pension performance
  • Pension reform
  • Diversifying demand
  • Solvency II
  • Profit margins
  • Chart: Revenue Growth
  • Industry Outlook
  • Auto-enrolment and catastrophic losses
  • Annuity reform
  • Further pension reform
  • Demand conditions
  • Profit and enterprises
  • Table: Actuarial Consulting Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Actuarial Consulting Services Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Life Insurance
  • General Insurance
  • Reinsurance
  • Pension Funding
  • Financial Management
  • Key Selling Industries
  • Computer & Computer Equipment Repair
  • Computer & Gaming Product Retailers
  • Office Equipment Rental & Leasing
  • Products & Services
  • Pension consulting
  • Insurance consulting
  • Enterprise risk management and strategy consulting
  • Financial advice
  • Organisational design consulting
  • Chart: Actuarial Consulting Services Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Retirement and pension plans
  • General, property and casualty insurers
  • Life and health insurers
  • Financial services companies
  • Government and other markets
  • Chart: Major Market Segmentation for the Actuarial Consulting Services Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Actuarial Consulting Services
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Actuarial Consulting Services Industry
  • Industry Globalization
    Major Companies
    Willis Towers Watson plc
    Mercer Ltd
    Aon Hewitt Ltd
    PricewaterhouseCoopers LLP
    Deloitte LLP
    Ernst & Young LLP
  • Table: Willis Towers Watson plc - financial performance
  • Table: Mercer Ltd - financial performance
  • Table: Aon Hewitt Ltd - financial performance
  • Table: PricewaterhouseCoopers LLP - financial performance
  • Table: Deloitte LLP - financial performance
  • Table: Ernst & Young LLP - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Actuarial Consulting Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Actuarial Consulting Services Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Actuarial Valuation
  • A type of appraisal that uses economic and demographic assumptions to estimate future liabilities.
  • Basel Iii
  • A regulatory framework on market liquidity risk, stress testing and bank capital adequacy.
  • Db
  • A defined benefit pension plan is where the employer provides its employees with a defined monthly benefit upon their retirement.
  • Dc
  • Defined contribution pension plans have the employer contribute a specified amount, which is then invested, and what the employee receives upon retirement depends on the investment's performance.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Actuarial Consulting Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Actuarial Consulting Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Actuarial Consulting Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    View Sample
    Quote
    Select Clients
    Back to Top