Industry Analysis & Industry Trends
Actuaries for risky business
During the recession, many insurers lost money on subprime mortgage holdings and other risky investments. These losses have sparked more interest in actuaries, which are used to assess the risk of specific events. In the five years to 2017, demand is expected to rise as a result of increasing corporate profit and growing regulation in financial services industries. Furthermore, a decline in the unemployment rate will boost demand for insurance and retirement-related actuarial services.... purchase to read more
Industry Report - Starting a New Business Chapter
The Actuarial Consulting Services industry has low barriers to entry but high barriers to success for new market entrants. There are low start-up costs to opening an actuarial consulting practice and regulation. Furthermore, the industry is highly fragmented, and although there is a significant number of operators, market share concentration is low. The top four companies in the industry have a combined market share of only about 16.2%. Industry consolidation is increasing, though, which is projected to intensify competition and raise industry barriers to entry over the next five years.
The most significant industry barrier to entry is the high degree of specialization actuaries must have to enter the industry... purchase to read more