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The Top 10 Actuarial Consultants Providers in 2026

The leading actuarial consultants

Editor Researcher
Expert Editorial Team Jordan Johnson

About Best Actuarial Consultants

Empowering individuals and organizations with transparent insights and evaluations of actuarial consultants to facilitate informed decision-making for their financial futures.

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#1
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GLOBACS

Birmingham, AL, USA

4.9 Editorial Score
Highly Rated Community Trusted $

GLOBACS, standing for Global Actuarial & Consulting Services, is a robust international brand that fosters a network of independent firms. This conglomerate leverages deep-seated networks such as EURACS, NORACS, and APACS, to establish one of the widest consulting networks worldwide. In the United States, notable members include Cowden Associates, The Terry Group, and Lewis & Ellis, which signifies the brand's strong North American presence. GLOBACS is characterized by a strong commitment to professionalism, independence, and delivering value to clients, with each member firm embodying these core principles. The collaborative spirit within the network enables the sharing of technical actuarial and consultancy expertise, thereby enhancing the value proposition to international clients.

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Editor's Summary

What people are saying: #ProfessionalExpertise #GlobalNetwork #ValueDriven

The Analysis

Extensive global consulting network
Strong North American presence
Commitment to professionalism and independence
Potential for inconsistent service quality
Dependence on member firms' expertise

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Great experience with GLOBACS!

Great experience with GLOBACS!

Rankings updated quarterly. Learn about our methodology.

#2
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CBIZ

Cleveland, OH, USA

4.8 Editorial Score
5-Star Service Trusted $$$

CBIZ is a holistic business service provider, catering to diverse markets and industries in the US. With their comprehensive array of services, from accounting, auditing, and tax consulting to technology and risk management, they offer a one-stop solution for businesses seeking to fortify and expand their operations. Their actuarial services are particularly noteworthy, providing businesses with the necessary analytical tools and insights to manage potential financial risk. What sets CBIZ apart is its focus on the mid-market segment, offering personalized, scalable solutions that are often overlooked by larger firms. Their commitment to corporate social responsibility and international capabilities further underscore their reputation as a reliable and forward-thinking partner for business growth.

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Editor's Summary

What people are saying: #Versatile #Reliable #Scalable

The Analysis

Comprehensive range of services
Focus on mid-market businesses
Strong commitment to corporate social responsibility
Limited international presence
Potentially higher costs for smaller clients

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Working with Bruce was a fantastic experience; his expertise and proactive communication made the entire process seamless and reassuring.

I appreciated the thoroughness of having another CPA review the work, which added an extra layer of confidence to the service I received.

Rankings updated quarterly. Learn about our methodology.

#3
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illumifin

Greenville, SC, USA

4.7 Editorial Score
Certified Regional Leader $$$

Illumifin, a leading insurance technology company in the U.S., brings a fresh approach to actuarial consulting services. They leverage cutting-edge technology to provide insurance data and analytics, and offer risk assessments for mergers and acquisitions. Illumifin's team of over 2,500 professionals demonstrates a commitment to delivering sustainable value to their clients, implying a deep understanding of the insurance market. As a pioneer in providing digital solutions, they also excel in transforming complex processes related to life, health, and annuity insurance into simpler, customer-centric solutions. Their unique selling proposition lies in their advocacy for "aging in place" strategies, an initiative aimed at reducing claims for carriers, promoting independent living and lowering out-of-pocket expenses for policyholders.

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Editor's Summary

What people are saying: #Innovative #TechSavvy #ClientFocused

The Analysis

Innovative use of technology
Expertise in insurance analytics
Focus on customer-centric solutions
May have a steep learning curve
Possibly limited personal touch

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Great experience with illumifin!

Great experience with illumifin!

Rankings updated quarterly. Learn about our methodology.

#4
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Sydney Consulting Group

Safety Harbor, FL, USA

4.6 Editorial Score
Experienced 24/7 Service $$

Sydney Consulting Group, a Florida-based firm, is carving out a niche for itself in the supplemental benefits industry with its triad of services - actuarial, compliance, and risk management consultancy. Their client-centric approach is lauded by their clientele, which includes top executives from the insurance sector. The group's expertise in product pricing, risk management strategy, and regulatory compliance is evident in their impressive portfolio of services. The team's professionalism and responsiveness are repeatedly highlighted in testimonials, reinforcing their commitment to delivering high-quality work. For those interested in joining this dynamic team, Sydney Consulting Group offers promising career opportunities for self-driven individuals. With a blend of industry knowledge, strategic acumen, and a strong focus on client satisfaction, Sydney Consulting Group is a formidable player in the US consulting landscape.

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Editor's Summary

What people are saying: #TopNotchConsultancy #HugelyProfessional #IndustryLeaders

The Analysis

Client-centric approach
Expertise in risk management
Promising career opportunities
Niche market focus
Potential for high workload

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Sydney Consulting Group has a fantastic atmosphere that makes every meeting enjoyable. Their strong recovery strategies have truly impressed me!

I always look forward to my visits at Sydney Consulting Group-it's a vibrant place that inspires collaboration and success.

Rankings updated quarterly. Learn about our methodology.

#5
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Huggins Actuarial Services, Inc.

Media, PA, USA

4.5 Editorial Score
Accredited Reputable $$$

Huggins Actuarial Services, LLC, based in Media, Pennsylvania, is a notable force in the realm of actuarial consulting. The company prides itself on providing innovative and tailored solutions to an impressive array of clients. Their comprehensive service offerings range from Loss Reserving and Enterprise Risk Management, to intricate Economic Capital Modeling and Actuarial Forensic Litigation. Remarkably, they also offer a 'Guiding Light' in the form of a blog that shares expert insights and in-depth analysis. With a team of seasoned professionals and a reputation for responsive, high-quality deliverables, Huggins Actuarial Services stands tall in the competitive landscape of U.S. actuarial consultants. Their century-long history of service is a testament to their adaptability and commitment to client satisfaction.

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Editor's Summary

What people are saying: #Innovative #Reliable #Expertise

The Analysis

Tailored solutions for diverse clients
Expert insights through informative blog
Strong reputation and history
Potentially high service costs
Limited geographical presence

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Great experience with Huggins Actuarial Services, Inc.!

Great experience with Huggins Actuarial Services, Inc.!

Rankings updated quarterly. Learn about our methodology.

#6
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United Actuarial Services, Inc.

Carmel, IN, USA

4.4 Editorial Score
Highly Rated Trusted $$$

United Actuarial Services, Inc. (UAS) has carved a niche for itself in the actuarial consulting landscape, focusing exclusively on Taft-Hartley fringe benefit plans since 1951. With a diverse team of consultants, actuaries, research specialists, and attorneys, UAS offers a comprehensive suite of services encompassing pensions, healthcare, cybersecurity, and research. The firm's commitment to maintaining long-standing client relationships is evident, with some spanning over four decades. Its penchant for research is also noteworthy, regularly publishing papers on relevant industry topics. UAS' emphasis on employee tenure, averaging nine years, ensures continuity and stability for their clients, further amplifying their reputation for providing consistent, top-tier service.

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Editor's Summary

What people are saying: #Expertise #Longstanding #Comprehensive

The Analysis

Specialized in Taft-Hartley plans
Strong commitment to client relationships
Extensive research publications
Limited focus on other actuarial areas
Potentially higher costs due to expertise

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United Actuarial Services is an exceptional partner for financial guidance; their swift responses and personalized approach truly set them apart in the wealth management landscape.

Working with United Actuarial Services has been a game changer for us; their focus on a limited number of clients ensures that we receive the attention and expertise we need.

Rankings updated quarterly. Learn about our methodology.

#7
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The Jacobson Group

Chicago, IL, USA

4.3 Editorial Score
Accredited Locally Owned $$$

The Jacobson Group sets itself apart as a bespoke insurance recruiting firm that has been providing executive search services and comprehensive staffing solutions to the insurance industry since 1971. Their deep specialization in insurance allows them to understand their client organizations intimately and maintain an extensive network of professionals at all levels. Catering to all verticals, from property and casualty to life and health insurance, the firm places specialized professionals in key roles, including underwriters, actuaries, claims, and senior leadership. The company is praised for its tailored approach, high client satisfaction rate, and deep understanding of the nuanced health insurance industry, which ensures they consistently deliver top-tier talent. The Jacobson Group is a proven partner for insurance companies looking for both temporary staffing and long-term executive solutions.

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Editor's Summary

What people are saying: #IndustryExpertise #BespokeRecruiting #SuperiorSatisfaction

The Analysis

Deep specialization in insurance
Extensive professional network
High client satisfaction rate
May focus primarily on insurance sector
Potentially higher costs for bespoke services

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The Jacobson Group provided exceptional support during our mediation process, making a challenging time much easier to navigate.

Their professionalism and expertise truly set them apart, offering invaluable guidance in family law matters.

Rankings updated quarterly. Learn about our methodology.

#8
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SIGMA Actuarial Consulting Group, Inc.

Brentwood, TN, USA

4.3 Editorial Score
Licensed Responsive $$$

SIGMA Actuarial Consulting Group, Inc., a leading P&C actuarial firm in the US, has spent over 25 years equipping risk management and insurance professionals with powerful analytics to streamline decision-making processes. Beyond just providing numerical insights, SIGMA prides itself on its communication skills, helping clients understand the impact of claim costs on their operations and providing guidance on risk management. The company further stands out with its RISK66 platform, which provides easy access to loss run analytics, loss forecasting, and a wealth of educational resources. SIGMA also offers the unique feature of scheduling consultations or webinars, making their expertise readily accessible. Not just a powerhouse in analytics, SIGMA also values transparency, punctuality, and honesty, building a strong and reliable reputation in the industry.

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Editor's Summary

What people are saying: #ExpertAnalytics #Trustworthy #SolutionOriented

The Analysis

Strong analytics expertise
Effective communication skills
Accessible educational resources
Potentially high service costs
Limited focus on non-P&C sectors

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Working with SIGMA Actuarial Consulting Group has truly changed my perception of consultants; their expertise and dedication really stand out.

I appreciate the insightful guidance I received from SIGMA-it's refreshing to find a consulting firm that genuinely cares about their clients' needs.

Rankings updated quarterly. Learn about our methodology.

#9
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Dion Strategic Consulting Group Inc

Chicago, IL, USA

4.2 Editorial Score
Certified Regional Leader $

Dion Strategic Consulting Group Inc. is a distinguished authority in the realm of insurance consulting within the United States. This firm has carved a niche for itself in Actuarial Consulting, Alternative Risk and Captives, and Affinity and Group Program Consulting and Management. Notably, Dion Strategic is committed to alleviating the complexity of insurance decisions, effectively transforming them into opportunities for their clients. They prioritize enhancing the experiences of employees and members within associations and organizations. With a seasoned team and a strong set of values driving their journey, Dion Strategic appears to be a reliable, client-focused consultant for those navigating the intricate landscape of insurance.

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Editor's Summary

What people are saying: #ExpertGuidance #ClientFocused #InnovativeSolutions

The Analysis

Expertise in complex insurance decisions
Client-focused consulting approach
Enhances employee and member experiences
Potentially high consulting fees
Limited global presence

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Dion Strategic Consulting Group Inc truly stands out as an exceptional resource for actuarial consulting; their expertise and personalized approach have significantly enhanced my career path.

Working with Dion Strategic Consulting has been a game changer for my professional development; their insights and support have guided me towards success in my field.

Rankings updated quarterly. Learn about our methodology.

#10
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Actuarial Advisors, Inc.

Minneapolis, MN, USA

4.1 Editorial Score
Verified Responsive $$$

Actuarial Advisors Inc., a Minneapolis-based actuarial consulting firm, stands as an industry pillar with over a quarter-century of robust client service. Their team, renowned for technical acumen and in-depth knowledge of the property and casualty insurance sector, consistently delivers top-tier work that's meticulously reviewed for quality. They've carved a niche, catering to a diverse clientele - from insurance companies and pools to auditing firms and state regulators. Notably, they've recently expanded their expertise to cover construction related risks. Their commitment to each client often surpasses the level of personal attention offered by larger firms, making them an affordable and trusted resource in the actuarial consulting landscape.

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Editor's Summary

What people are saying: #DetailOriented #CustomerFocused #IndustryExpertise

The Analysis

Over 25 years of experience
Personalized client attention
Expertise in construction risks
Limited national presence
Smaller team may affect scalability

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Actuarial Advisors, Inc. provided us with exceptional guidance and expertise, helping us navigate complex financial decisions with ease and confidence.

Their professionalism and in-depth knowledge truly set them apart; I couldn't have asked for a better partner in planning our financial future.

Rankings updated quarterly. Learn about our methodology.

Before You Hire

Key considerations when evaluating providers in this industry.

1

Serve clients on a national or international level

2

A minimum of five years experience in actuarial consulting

3

Successfully completed a minimum of 50 projects in the previous three years

Frequently Asked Questions

Actuarial consultants typically need to have a bachelor's degree in actuarial science, mathematics, statistics, or a related field. Passing a series of exams administered by an accredited actuarial society, such as the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS), is another key requirement. These exams can take several years to complete and cover a range of topics including mathematics, finance, insurance, economics, and risk management. Practical experience in the insurance industry or a related field is also often required, with many employers looking for candidates who have a demonstrated ability to apply actuarial principles to real-world problems.
An actuary is a professional who uses statistics and mathematical principles to predict and manage financial risks, often working within insurance companies or pension funds. On the other hand, an actuarial consultant is similar but typically works in a consulting firm, providing advice to a variety of clients on risk management strategies. While both roles require a strong grounding in mathematics and risk assessment, an actuarial consultant often needs broader business acumen and communication skills to effectively advise diverse clients.
Actuarial consultants apply their mathematical and statistical expertise to help businesses accurately quantify and manage financial risks. They perform data analysis to predict future scenarios, allowing companies to develop risk mitigation strategies. For instance, they might analyze a company's historical data to determine the likelihood of a significant financial loss in the future. By providing this insight, actuarial consultants enable businesses to make data-driven decisions and strategically allocate resources to manage potential risks effectively. On the downside, hiring an actuarial consultant can be costly and their predictions, while informed, are not guaranteed to be accurate.
Actuarial consultants are primarily engaged in projects related to risk management, financial forecasting, and insurance policies. They may be called upon to calculate the financial impact of uncertain future events such as natural disasters, changes in mortality rates, or fluctuations in financial markets. They also commonly assist companies in designing, testing, and implementing insurance policies and pension plans to achieve specific financial goals or comply with regulatory standards.
Actuarial consultants' work varies between small businesses and larger corporations primarily in terms of complexity and scale. For small businesses, actuarial consultants often focus on simpler tasks such as evaluating risk and setting insurance premiums. However, in larger corporations, these professionals typically handle more complex responsibilities including devising strategies for risk management, analyzing business models, and predicting future trends. The number of employees, diversity of business operations, and the company's geographical presence can also influence the extent of actuarial consulting work, with larger firms usually requiring more extensive services.
A proficient actuarial consultant should possess a strong mathematical foundation, including statistics, calculus, and probability theory, to analyze and predict future events related to insurance and finance. They need excellent communication skills to present complex data in a simple and understandable way, and to build relationships with clients. Additionally, they should have a keen eye for detail and the ability to use actuarial software and models effectively, coupled with problem-solving skills to devise strategic solutions based on their analyses.
Actuarial consultants work primarily with numerical data related to risk and uncertainty. This can include data from diverse fields such as insurance, finance, and healthcare, among others. They use this data to analyze the financial implications of risk, and to create models that predict future events and outcomes.
Actuarial consultants often rely on a variety of software tools to perform their work efficiently. Commonly used software includes Excel for data analysis and visualization, Actuarial Software such as Prophet or AXIS for complex actuarial calculations, and SQL for database management and data extraction. These tools, among others, allow consultants to analyze risk, forecast trends, and advise their clients accurately. However, the choice of software can depend on the specific needs and preferences of the firm or the client, so there might be variations in use across the industry.
Actuarial consultants use mathematical models to predict and assess future financial scenarios for their clients. These models, built on complex algorithms and statistical methods, allow them to calculate potential risks and liabilities, such as insurance claims or pension obligations. By analyzing these models, actuarial consultants provide valuable advice to companies about how to manage risk and make financially prudent decisions.
Actuarial consultants should uphold ethical standards such as integrity, competence, and confidentiality. Integrity refers to their commitment to honesty and ethical behavior in all their dealings, even when it's not convenient or profitable. Competence means they should have the necessary skills and knowledge to perform their job effectively and should stay updated with the latest developments in their field. Confidentiality is key as they often handle sensitive data and should ensure it's not misused or disclosed without proper authorization.

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