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