Actuarial Consulting Services in the UK - Market Research Report (2014-2029)

Steady growth: Industry revenue is climbing in 2023-24

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Actuarial consulting firms provide various services to businesses, including pension, insurance, enterprise risk, financial advice and organisational design consulting. Actuarial consulting services are sought after by businesses across all sectors of the economy, providing firms with a steady demand and limiting revenue volatility. Revenue in the Actuarial Consulting Services is expected to swell at a compound annual rate of 4.1% over the five years through 2023-24, including a 3.3% rise in 2023-24 to reach £4.5 billion.

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.