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List of Actuarial Consulting Firms
If you’re looking for a list of actuarial consulting firms, you’ve come to the right place. This list will be very valuable if you’re trying to get actuarial consulting jobs. If you’re still wondering about whether you should choose actuarial consulting or insurance jobs, you should still check this list. After all, the more firms you apply for, the better your chances of getting hired! I’ve listed only the TOP firms that employ the most actuaries… some of these top actuarial consulting firms have more openings than dozens of smaller firms!.
If you want more information on actuarial consulting firms is, read the following article:
Actuarial Consulting Firms – Full Guide to Actuarial Consulting
In the last decade, there have been mergers of the big actuarial consulting firms so this list has shrunk considerably. I’m listing the major global actuarial consulting firms and some prominent North American ones. There are smaller actuarial consulting firms but since they usually serve only local clients it’s hard to list them here and still have them be relevant. Even an actuary providing actuarial services after retirement by himself/herself can be considered an actuarial consulting firm (eg: Mike Consulting).
If you work for an actuarial consulting firm, feel free to contact me to add/modify information to this list.
Willis Towers Watson
[website]
This is one of the top actuarial consulting firms in the world. It was formed as a merger of Willis Group and Towers Watson in 2016. Towers Watson was itself the result of a merger between Towers Perrin and Watson Wyatt.
Towers Watson is a full service actuarial consulting firm, and recently includes brokerage services due to the merger with Willis Group.
-property/casualty
-life
-retirement/pension consulting
-health/welfare
-change management
-executive compensation; this is where the firm recommends compensation plans for executives based on market
-software solutions; this is where they make actuarial software and license it to others
Aon Hewitt
[website]
Aon Hewitt is a full service risk solutions provider, and is also a big name in the actuarial consulting world. In addition to classical actuarial consulting services, Aon Hewitt provides risk solutions covering claims, insurance, and other risk-related areas. In terms of actuarial consulting, it has traditionally focused on the retirement and benefits sector, although recently has been expanding their property and casualty practice as well.
-retirement/pension consulting
-health/welfare
-property/casualty (small compared to Towers Watson and Milliman)
-reinsurance consulting (relatively strong in this area)
-change management
Milliman
[website]
Milliman is one of the largest pure play actuarial consulting firms and the largest private actuarial consulting firm in the world. It is owned and managed by about 350 partners/principals. They are known for their entrepreneurial spirit, and dynamic fast acting decision making.
-property/casualty
-employee benefits
-retirement (pension) consulting
-life insurance consulting
-financial services
Big 4 Audit Firms
–Ernst & Young (EY)
–PriceWaterhouseCoopers (PwC)
–Deloitte
–KPMG
The Big 4 Audit firms also have large consulting practices and includes actuarial consulting. The types of actuarial consulting differs by office. For example, Deloitte P&C consulting in Toronto started relatively recently while KPMG P&C consulting in Toronto is a well developed practice.
Other actuarial consulting firms:
-PBI Actuarial (Canada)
-Perr&Knight
-Accenture
-Bolton Partners
-Buck Consultants
-Cheiron
-Conrad Siegel
-Hay Group
-Mercer
-Oliver Wyman
-Segal Co
-Wakely Consulting
