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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
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Profit
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Employment
16,276
Businesses
89
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 - Industry Key Buyers Chapter

IBISWorld estimates the Actuarial Consulting Services industry has a medium level of concentration, since the top four firms are estimated to account for 47.1% of industry revenue. In addition to the other large players operating in the industry, there are also a number of small, medium-size and non-employer firms that offer specialised services or operate on a regional or local basis.

Over the five years through 2016-17, the industry has faced increasing consolidation. For example, Towers Perrin and Watson Wyatt merged in 2010 to form Towers Watson before merging once again to become Willis Towers Watson, now one of the largest firms in the industry. As a result of such acquisitions, the number of firms is forecast to remain constant over the five years through 2016-17. Ind.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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


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