Overview

IBISWorld’s Actuarial Services Procurement Research Report provides the latest price data and the factors underpinning price movements, such as input costs and external demand drivers. The report identifies the leading suppliers of Actuarial Services and offers a strategic analysis of the key factors influencing the way the procurement market works. Data forecasts also accompany our analysis so your company can make purchasing decisions with confidence.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Actuarial Services - Recent Price Trend

The price of services has grown at an estimated annualized rate of 2.1% 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 recovery since...

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Actuarial Services - Total Cost of Ownership

The total cost of 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 must acquaint themselves...

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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.

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
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 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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