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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 SWOT Analysis Chapter

The Actuarial Consulting Services industry is in the mature stage of its life cycle. Over the 10 years through 2021-22, industry value added (IVA), which measures the industry's contribution to the economy, is estimated to grow at a compound annual rate of 4.3%. Although this indicates that the industry will grow at a faster pace than UK GDP, which is estimated to grow at a compound annual rate of 2.3% over the same period, the industry is not in the growth stage of its life cycle. This is mainly because the IVA figure in the base year was depressed by the difficult conditions affecting the industry.

The industry is undergoing considerable merger and acquisition activity, with the larger players acquiring smaller firms. This is another characteristic of a mature industry. The.. 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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