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