IBISWorld’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. IBISWorld’s Actuarial Services procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Actuarial Services - Recent Price Trend

The price of actuarial services has grown at an estimated annualized rate of 2.0% in the three years to 2017. Prices in this market typically vary in relation to the business cycle. As such, the demand for and costs of the service fall during recessions, leading to price reductions, and rise during recovery and growth periods, leading to price increases. The economy has been in a state of growth...


Actuarial Services - Total Cost of Ownership

The total cost of ownership for actuarial services is moderate compared to the purchase price. Most additional costs come in the form of travel and lodging costs for actuaries. In addition, acquisition and setup costs can be extensive. The long and involved purchasing process forces buyers to commit significant time and resources into finding a new provider. Once a new provider is selected, they...


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About this Report

This report is intended to assist buyers of actuarial services. Service providers assess risk in insurance and finance industries using a variety of disciplines, including probability, statistics, economics and computer programming. Risk is measured in terms of its financial impact on clients. This report excludes other accounting or consulting services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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