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llcooljabe
01-04-2012, 02:08 PM
Using 2010 data



Rank Actuarial Firm Market Share NPW #Clients
1 PricewaterhouseCoopers, LLP 21.66% 75,147,923 168
2 KPMG, LLP 21.18% 73,509,660 131
3 Milliman, Inc 13.86% 48,087,613 307
4 Ernst & Young, LLP 7.11% 24,688,383 125
5 Deloitte & Touche, LLP 6.87% 23,841,509 74
6 Ingenix Consulting 5.69% 19,762,132 34
7 Towers Watson 5.43% 18,851,030 270
8 Lewis & Ellis, Inc 3.34% 11,589,129 69
9 Beneficial Consultants, LLC 1.65% 5,740,256 15
10 Eckler, Ltd 1.61% 5,574,074 53
11 Mercer Oliver Wyman Actuarial Consulting 0.93% 3,238,949 36
12 Regnier Consulting Group, Inc 0.69% 2,387,077 46
13 Huggins Actuarial Services, Inc 0.60% 2,099,397 42
14 Wakely Actuarial Services, Inc 0.59% 2,049,527 16
15 Kilbourne & Associates 0.52% 1,816,032 16
16 Crowe Actuarial 0.45% 1,569,616 11
17 Baron Insurance Services, Inc 0.43% 1,500,707 11
18 Actuarial Advisors, Inc 0.39% 1,352,533 23
19 Merlinos & Associates, Inc 0.35% 1,210,298 29
20 Huttleston Associates, Inc 0.28% 988,226 2
21 Pinnacle Actuarial Resources, Inc 0.27% 952,379 48
22 Griffith, Ballard & Co 0.25% 855,288 8
23 J.S. Cheng & Partners, Inc 0.24% 822,420 14
24 A.D. Edwards Group, LLC 0.23% 801,087 8
25 EVP Streff, Inc 0.23% 792,144 30
26 MBA Actuaries, Inc 0.21% 720,349 5
27 Perr & Knight, Inc 0.21% 719,756 22
28 Actuarial Resources Corp 0.20% 706,822 9
29 Compass Health Analytics, Inc 0.19% 667,830 1
30 Jeffrey D. Miller & Co 0.17% 605,919 4
31 CBIZ, Inc 0.17% 590,173 3
32 Dixon & Associates 0.17% 577,694 1
33 Affirmative Insurance Holdings, Inc 0.14% 479,249 5
34 Kufera Consulting, Inc 0.13% 468,455 32
35 Professional Actuarial Services, Inc 0.13% 444,989 15
Total (Top 35) 96.60% 335,208,625 1683
Total (All 135) 100.00% 347,017,275 2117




OLDWICK, N.J.--(BUSINESS WIRE)-- Best’s Review magazine is making the January 2012 “Innovators Showcase” issue free for all visitors to www.bestreview.com/freeissue (http://us.lrd.yahoo.com/SIG=17n01df23/EXP=1326913623/**http%3A//cts.businesswire.com/ct/CT%3Fid=smartlink%26url=http%253A%252F%252Fwww.bes treview.com%252Ffreeissue%26esheet=50119310%26lan= en-US%26anchor=www.bestreview.com%252Ffreeissue%26ind ex=1%26md5=6937493ccf464e1b9bd8ebd0a4f4acd0). This special issue focuses on 15 ideas—selected from nearly 70 submissions by a panel of experts—that provide value to a company and affect some facet of the insurance industry. Featured ideas include:

Using prescription drug data history to underwrite life insurance policies
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The top ten auditing and actuarial firms that insurance companies use, ranked by market share
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ElDucky
01-04-2012, 02:10 PM
Accounting firms count and Aon doesn't?

llcooljabe
01-04-2012, 02:14 PM
Click on that free issue link and it'll take you to the mag. Page 46 has the methodology.

ETA:


This ranking focuses on independent accountants that audit an insurer’s annual financial statements and actuaries that provide an annual statutory actuarial opinion regarding an insurer’s policy and claim reserves.

AM Best examined the year end 2010 statutory filings of 3945 US & Canadian companies
and Canadian companies to identify the accounting and actuarial firms used by these insurers. The rankings are derived from annual statements that Property/Casualty, life/health or health insurers filed with A.M. Best.

bunnyluv
01-04-2012, 02:44 PM
When I click on the link, I get nothing - just a blank page. Any advice?

JasonScandopolous
01-04-2012, 02:56 PM
When I click on the link, I get nothing - just a blank page. Any advice?

Get better internets

bunnyluv
01-04-2012, 03:03 PM
Get better internets

Geez, thanks. I'm at the office. Any useful advice?

llcooljabe
01-04-2012, 03:22 PM
Install flash?

bunnyluv
01-04-2012, 04:07 PM
Install flash?

Nah, I've already got that installed on this computer. No worries, I'll read it when I get home. Thanks anyways.

JMO Fan
01-04-2012, 04:29 PM
Nah, I've already got that installed on this computer. No worries, I'll read it when I get home. Thanks anyways.

I'm from the government, and I'm here to help. ;)

bellaisa
01-04-2012, 10:36 PM
I'm from the government, and I'm here to help. ;)

the internet sent me. looks like i'm late.

TriAct
01-05-2012, 12:14 AM
Accounting firms count and Aon doesn't?

Yeah, I am curious where Aon Hewitt is because I have a buddy who works in the health and benefits division. I am not surprised that the Big 4 made the top five however.

great3981
01-05-2012, 07:38 AM
I can think of better ways to rank consulting firms than by the cumulative NPW of the companies for which they sign the opinion, but I guess this has some value.... :shrug:

llcooljabe
01-05-2012, 08:53 AM
I can think of better ways to rank consulting firms than by the cumulative NPW of the companies for which they sign the opinion, but I guess this has some value.... :shrug:

Me too, but how to get reliable data?

bunnyluv
01-05-2012, 08:55 AM
I can think of better ways to rank consulting firms than by the cumulative NPW of the companies for which they sign the opinion, but I guess this has some value.... :shrug:

Me too, but I wonder how else they could determine market share.

Arthur Kade
01-05-2012, 09:37 AM
Yeah, I am curious where Aon Hewitt is because I have a buddy who works in the health and benefits division. I am not surprised that the Big 4 made the top five however.

The description provided makes it clear that this is insurance consulting, which explains why AonHewitt, Mercer (HR, not Mercer Oliver Wyman) and Buck aren't on the list. Those companies H&B divisions work with employers, not insurers.

llcooljabe
01-05-2012, 09:44 AM
Yeah, there are many non-insurance clients that consultants have that can't be recognized by the Best list...eg entities with self insurance layers (e.g. hospitals for med mal, or blue collar companies for workers comp), foreign domiciled captives, etc. (And this is just P&C...I'm sure there are many more for Life/Health, not to mention pensions)

Mary Frances
01-06-2012, 10:49 AM
Most actuarial firms are closely held and aren't going to release renew numbers, so this is about the best they can do. Not sure it's useful for anything though.

radoaos
01-06-2012, 08:01 PM
Wow, I got the guys at Lewis and Ellis to give me a trial working period, but I had to cancel last minute. Wonder where I'd be right now If I would have worked for them?

Note: I felt awful about having to back out, and I tried to tell the guy who was helping me out there that how bad I felt. He and the lady I met with were extremely nice to me and seemed cool. They have some super smart people there.

General Apathy
01-06-2012, 10:42 PM
That list is useless

Jon Evans
01-11-2012, 01:23 PM
The list is interesting but of very limited value. As I understand it this list only ranks actuarial consulting firms by the % of the premium in the insurance market that is written by insurance companies whose annual statutory statement of opinion on reserve adequacy is signed by an actuary at that firm. It is not even necessarily the ranking by fees generated by signing insurer reserve opinions let alone the vast majority of consulting fees coming from other types of work. I believe it even excludes self insured reserve opinions. A few of the firms listed are really small but have a few big reserve opinion clients. At least one firm in the top 20 I recognize as a one man (basically a retired executive) operation. There are other good sized firms that do not sign reserve opinions that do not make the list.

Cymru
01-11-2012, 06:08 PM
The list is interesting but of very limited value. As I understand it this list only ranks actuarial consulting firms by the % of the premium in the insurance market that is written by insurance companies whose annual statutory statement of opinion on reserve adequacy is signed by an actuary at that firm. It is not even necessarily the ranking by fees generated by signing insurer reserve opinions let alone the vast majority of consulting fees coming from other types of work. I believe it even excludes self insured reserve opinions. A few of the firms listed are really small but have a few big reserve opinion clients. At least one firm in the top 20 I recognize as a one man (basically a retired executive) operation. There are other good sized firms that do not sign reserve opinions that do not make the list.

I agree it is a poor measure. PwC signs the State Farm opinions so it is not surprising they are number one under this ranking system. Little of revenue for the larger consulting firms is generated from opinions as it has become a nickel and dime business.