We have endeavoured to provide a guide to the major employers in Australia, however the following list does not include every employer. Specialists in the provision of life insurances, pension services and property insurance, headquartered in Tokyo and part of the Japan Post Holdings group. Experience in applying optimization procedures (gradient, genetic, ant colony) to a large data set ; Experience and/or exposure to predictive modeling, clustering, etc. Based in Montreal, Canada, PBI provides actuarial consulting and de-risking strategies in investments, benefits and pensions. As you pass exams that are more difficult (like the fellowship exams), salary increases of $5,000 – $7,000 are common. This map provides the actuarial profession with a free and up-to-date listing of actuarial employers. Germany-based company specialising in reinsurance. A subsidiary of the Pacific Mutual Holding Company, Pacific Life specialises in the provision of mutual funds, annuities and life insurance products for US-based customers, with headquarters in California. This is a list of United States–based companies having the most employees globally. A holding company based in Taiwan, operating several subsidiaries in the financial sector. Hi guys! Founded in 1916 as a dedicated actuarial firm, Buck now operates globally providing consultancy services across pensions, health, life insurance, investments and personal financial planning. Learn more about the Actuarial Intern position available at Employers. One of the top actuarial consulting firms, Mercer operates across North America, Europe, Asia, Latin America and Africa, with expertise in pensions and employee health benefits. The largest number of actuaries are directly employed by insurance companies. US firm operating across healthcare, employee benefits, life insurance, property and casualty insurance actuarial, with headquarters in Texas. A multinational network of consulting, accounting and business advisory firms, providing actuarial consultancy in over 162 countries. Actuaries are employed by a variety of companies including consulting firms, insurers and financial institutions. Global management consulting firm with actuarial services offered through multiple subsidiaries in 52 countries worldwide. Canadian holding company with multinational subsidiaries, specialising in life and health insurances across the UK, US and Canada. Germany-based firm specialising in business to business insurance and reinsurance products and services, serving retail, commercial and industrial companies on an international scale. deselect all A multinational firm providing health, business, property, landlord and travel insurances to Western Europe, North America, the Middle East and Asia-Pacific. A multipurpose insurance company offering vehicle, travel, transport, income, fire and liability insurances to both groups and individuals across the Netherlands. I was wondering if there is any sort of list of all actuarial employers broken down by region in the USA? This is largely a community driven project, with data XPS Pensions Group. Multinational firm specialising in property and casualty insurance actuarial services, with offices in the US, UK, Germany, Israel, China and India. One of the UK’s largest actuarial consulting firms, providing fully integrated actuarial consultation for the insurance industry as well as services for trustee, public sector and private employer pension funds. A global network of independent professional services firms with actuarial expertise across general and life insurances, healthcare, pensions and enterprise risk management. A holding corporation and one of the largest insurance companies in the world, MetLife offers several products including home, vehicle, dental, critical illness and life insurance policies on a global scale. Founded in 1857 and originally known as The Pearl Loan Company, this is one of the UK’s top insurance firms. With approximately 2,711,000 civilian employees, the US Federal Government is the largest employer in the world. The Department of Defense is the leading and largest global employer with a total of 3.2 million employees comprising of active servicemen, national guardsmen and reservists, and civilians from the four services. Chinese holding company and one of the largest insurance companies in the world, offering life, casualty and property insurances through multiple subsidiaries. You probably realize that you can’t expect to earn $100,000 a year right off the bat. The Allstate Corporation is the largest publicly held personal lines property and casualty insurer in America, serving more than 16 million households nationwide. Specialising in the provision of actuarial analysis for the property and casualty insurance markets across the US. List of largest United States–based employers globally. Note: filters are disabled when single employer is displayed on map. Operating on a global scale, PwC is one of the UK’s largest actuarial consulting firms, providing services to insurers, financial service providers and industry regulators. For the full list of America’s Best Employers, click here. A Japanese insurance company specialising in pension products and the provision of life insurance to customers across Japan, Indonesia, Vietnam, Thailand, India and Australia. Full service actuarial consulting firm focused solely on the provision of consultancy services to the financial and insurance sectors, with headquarters in London. Serving clients across the US with headquarters in Baltimore and specialising in actuarial pension consulting. UK-based employee benefits firm focused on actuarial consultancy services for trustees of defined benefit pension schemes. Glassdoor company rating: 3.8 Number of roles open for actuaries: 16 Leadership rating: 84 percent approval of CEO Actuarial Employers Acumen Resources 2019-07-18T08:54:41+01:00 The Directors and Actuaries at Acumen Resources have over 30 years Financial Services and recruitment experience and as such have an in-depth understanding of the needs of our clients because we have practical experience of the industry, legislation, the sectors, the different companies and the roles. One of the UK’s leading actuarial consulting firms specialising in pensions and benefits advice, with offices in the UK, Ireland and the Netherlands. Headquartered in New York, Voya Financial is focused on employee benefit products and services including accident, critical illness, disability income and hospital confinement indemnity cover. As long as there’s risk, there’s work. An independent actuarial firm specialising in consultation across life, property and casualty insurance, as well as healthcare and employee benefits for international clients in various industry sectors. Japanese holding company formed in 2008, specialising in vehicle, casualty, fire, life and allied insurance solutions through various subsidiaries. Formed in 1956 through the merger of over 240 individual companies, this state-owned group is India’s largest insurance company, specialising in health and life insurances. Once you have decided on an actuarial career, you would look for work experience, an internship or placement or an actuarial graduate trainee role with an actuarial employer. • This map provides the actuarial profession with a free and up-to-date listing of actuarial employers. Milliman is among the world's largest independent actuarial and consulting firms, with revenues of $472 million in 2006. A US-based holding company providing property, vehicle, casualty and life insurances through multiple subsidiaries. owned by its policyholders), specialising in life insurance products with a key focus on whole life insurance. American Association of Insurance Services. Based in the UK, First Actuarial provides full actuarial consultancy across defined benefit and defined contribution pension schemes for employers and trustees. Japanese firm providing multiple insurance products including accident, disability, illness, death and pension solutions to both businesses and individuals. The rankings below are the ten private-sector and semiprivate companies providing the most jobs worldwide, according to a list published in 2020 by Fortune magazine. A global company operating from headquarters in the UK, providing life insurance products and services to around 26 million customers worldwide. Thi… Others work for individual corporations or government entities as financial risk analysts, while some work independently as … select all, *credentialed actuaries only; excludes actuarial students and support staff, By # of Locations So it is a bit of risk majoring in this. 100. An independent actuarial consultancy firm specialising in the insurance and financial sectors, serving customers across the US. Members should review their actuarial directory privacy preferences in the members area as … MassMutual. The IFoA is committed to publishing a listing of members’ names in the public interest. Part of the employee-owned Segal Group, Segal Consulting specialises in health and retirement actuarial consultancy across a broad range of industries. These rankings focus on independent accountants who audit an insurer's annual financial statements and on third-party actuaries who provide an annual statutory actuarial opinion regarding an insurer's policy and claim reserves. London based professional services firm with a global actuarial division providing fully integrated services across the complete insurance industry. The Largest Private Employers In The United States US Federal Government. Canada’s largest insurance company, this multinational insurance firm specialises in the provision of health, life and travel insurance across Canada, the US and Asia. A mutual insurance firm headquartered in Paris, providing products and services across liability, and property insurance and reinsurance. Actuarial Employers. Actuarial science degrees and postgraduate qualifications can exempt you from some of the professional qualification examinations that you do on the job (see below). Become an actuarial professional and turn your love of all things numerical into a career like no other. A US-based firm providing vehicle, property, health, life, liability, disability and small business insurance through multiple subsidiaries. Jump to navigation Jump to search. Chubb has one of the industries highest employee retention rate for high performers at 96%. View qualifications, responsibilities, compensation details and more! One of the top actuarial firms in the world, formed through the merger of the full-service actuarial firm Towers Watson and the Willis Group in 2016. Founded in 1857, Northwestern Mutual is a US-based financial services company with an insurance division focused on disability income, life and long-term care insurance products. This is because most actuarial employers offer automatic salary increases just for passing an exam. Milliman is pretty cool as they're the biggest actuarial consulting firm. UK professional services company offering actuarial services to the global insurance sector, with 500 offices worldwide. © 2023 by Name of Site. A global investment management company with an insurance division serving individuals, businesses and institutions worldwide. Officially known as the Massachusetts Mutual Life Insurance Company, this US-based firm specialises in life, long-term care and disability income insurances. Holding company providing various insurances including vehicle, travel, home, medical, accident and life insurance products, also the largest casualty and property insurer in Japan. Based in Canada, one of the oldest and largest insurance companies in the world, specialising in the provision of life and health insurance products to international markets. Insurance companies and consultancies are the largest employers of actuaries, with close to 75% of the profession working for them. Specialists in the provision of actuarial advice for defined benefit pension schemes and one of the UK’s largest employee benefits consultancies. select all, By # of Actuaries*[appoximate] Founded in 1945, Mazars is a multinational professional services group with an actuarial division specialising in pensions, health, life and general insurances. Note that for some companies listed, the majority of total employees live and work in other countries. More. Actuarial Science has a rich history and this video looks at 10 Actuaries who have impacted the world. The average starting salary for all majors is $41,880, but entry-level actuaries earn at least a few thousand dollars more – and potentially, tens of thousands of dollars more – than this average, with a starting salaryof $45,000 to $65,000. Employment opportunities are many and varied. The country's federal government consists of numerous agencies … One of America’s top insurance firms with its main headquarters in Ohio and several regional headquarters across the US, specialising in life, casualty and domestic property insurances. Many employers outside of the insurance industry won’t even know what an actuary (or actuarial science) is. Switzerland’s largest provider of life and property related insurances, also serving customers throughout Europe with headquarters in Zurich. Founded in 1987, this firm provides actuarial software solutions and consultancy to life and health insurers, reinsurers and investors across the US. Founded in 1937, Progressive Corporation is a specialist in vehicle insurances including commercial vehicles, boats, RVs and motorcycles, and is the largest car insurer in the US. The Tata Group of companies, which collectively employ over 720,000 people, is not listed by Fortune as a single enterprise; the companies are listed individually. Global health services organisation with multiple insurance subsidiaries, offering medical, disability, accident, dental and life insurance products and services. Provider of benefits and investments actuarial consulting, serving corporations, government and public sector clients, educational institutions, and individuals across the US. Founded in 1845 and headquartered in London, Deloitte’s actuarial division specialises in the provision of actuarial consulting services across pensions, life, health and general insurances. submitted by actuaries and their employers. For inclusion on the site, employers must meet the following criteria: Founded in Seattle in 1947, we currently have 48 offices in key locations worldwide. • I think there used to be something like it on the SOA website years ago, but I can't seem to find any sort of reliable list and I am looking to reach out to smaller firms. A global company offering individual and commercial general and life insurance products to customers in over 170 countries. American firm specialising in actuarial services for the healthcare industry, with offices in Florida, Arizona, Georgia, Denver, Minnesota and New York. Research Projects; Share Your Research Ideas; Requests for Proposals (RFPs) Academic Research Grant Program 2020-2021 American insurance company specialising in the provision of annuities and life insurance products, one of the largest insurance firms operating in its region. Below is a list of the world’s top companies operating in these areas, subcategorised by insurance and actuarial, listed alphabetically. They are known for their entrepreneurial spirit, and dynamic fast acting decision making. The Department of Defense is the executive branch of the US federal government with the mandate to coordinate and supervise all the functions and government agencies concerned with matters of national security and the Armed Forces. Founded in 1962, this Taiwanese insurer provides health, life and annuities solutions to the Chinese market, with additional operations in Vietnam. Headquartered in the Netherlands, KPMG is a multinational professional services firm offering actuarial services across general and life insurances, healthcare, employee benefits and pensions. Largest private and semiprivate employers. Top Sponsors of the Penn State Actuarial Program. France’s leading provider of life insurance solutions, offering life, health, personal risk and pension products and services, both personal and commercial, across Europe and Latin America. Edit the fields below and/or add new locations. Founded in 1907, with headquarters in Osaka, Japan, this mutual life insurance company offers a range of policies across health, medical, education, pensions and lifetime insurances. Founded in 1977, specialising in the provision of commercial group health insurance plans for customers across the US. Japanese firm offering multiple life insurance products including pension, hospitalisation, death, illness and educational policies, headquartered in Osaka. Management consultancy firm with an actuarial division covering life, health, property and casualty insurance on a global scale, with offices in 27 countries. Founded in 1955, the American Family Life Assurance Company specialises in the provision of supplemental insurance to customers across the US. A multinational company providing commercial and personal insurances to customers in over 80 countries, with a staff of over 56,000. You might also be interested in these other WikiJob articles: Or explore the Industry / Insurance sections. A multinational firm operating across the three core areas of business insurances, personal insurances, and bond and speciality insurance. Operating across the US, Cheiron specialises in pension and health plan actuarial consulting for public sector and corporate clients, as well as not-for-profit organisations. The biggest mutual life insurance firm in the US (i.e. Patti Ewen, SVP of HR at Chubb-Canada, says, “You’re able to attract top talent. Finding a Job Landing Your Actuarial Dream Job. This is largely a community driven project, with data submitted by actuaries and their employers. Since actuarial science is such a specialized career path it means that if you decide not to become an actuary after all then the degree doesn’t hold the same value in other professions. US-based insurance firm focused on the provision of health insurance to families, individuals and employers, with headquarters in Indiana. A multinational company headquartered in the Netherlands, providing pensions and life insurance products to approximately 29 million customers worldwide. • The UK’s largest actuarial consulting firm focused solely on pensions consultancy, formed through the acquisition of the Punter Southall Group by Xafinity in 2018. If you are applying for a graduate trainee role, you would apply to that employer through their specific entry route and then join our professional body once you’ve joined the employer. Specialist reinsurance company founded in 1863, operating in over 25 countries across Europe, the US, Africa, Asia and the Middle East. Founded in 1995, Perr & Knight is a specialist provider of multiple services to the insurance industry, including actuarial, and operates across the US. deselect all One of the top actuarial firms in the world, formed through the merger of the full-service actuarial firm Towers Watson and the Willis Group in 2016. How much does a Top Actuarial Executive make in the United States? © WikiJob 2007-2021. Consultancies are probably the biggest employers of actuaries in the UK. There are also a number of one or two-person organisations (eg. Lots of people think working at a consulting firm is "cooler" than working at an insurance company, due to the client-facing, social, and deadline-oriented nature of the work. US-based financial services company with an insurance division specialising in personal property and casualty, and life insurance products for serving and ex-serving members of the United States Armed Forces. Milliman is one of the largest pure play actuarial consulting firms and the largest private actuarial consulting firm in the world. A multinational firm operating in 54 countries, providing products including commercial and private property, health, accident and life insurance, as well as reinsurance solutions. Many also offer advice to employers and trustees who run occupational pension schemes. Founded in 2005 with offices in London, Birmingham, Edinburgh and Glasgow, offering actuarial services across benefits, pensions, insurances and investments. Headquartered in Beijing, China Life Insurance is a 70% state-owned company offering annuity products and is China’s largest provider of life insurance policies. Insurance firms can work across multiple areas including life, health, property, casualty and general insurances for both individuals and businesses. Italy’s largest insurance firm, offering a range of personal and business products with specific expertise in corporate insurance solutions. Despite mounting pressure from regulators, Willis Towers Watson, Mercer and Aon Hewitt remained the UK’s largest nationwide actuarial and pension consultancies. Actuarial consultancies offer a range of services to their clients including advice on issues such as mergers and acquisitions, corporate recover and financing capital projects. Here's the idea. For every company trying to determine if this is the year to expand, for every insurance agency looking to predict the unexpected, for every government office trying to craft sound policy, we are there working to ensure those organizations continue to operate as smoothly as possible. List of Actuarial Employers. Our staff of 2,000 people includes more than 900 qualified consultants and actuaries. A multinational company operating across the US, Latin America, Europe and Asia, its focus is on life insurance products and services. Candidates on the Actuarial exam track, with a minimum of 4 exams passed ; Careers with Optum. Ranked by 2018 loss reserves. The actuarial profession is among the top 10 jobs for salary and growth potential, American jobs listing portal CareerCast.com Millennials urged to consider pension saving Millennials spend £1,770 a month on average, more than twice as much as the annual state pension … Irish professional services firm offering various areas of actuarial consultancy to leading global companies in over 120 countries. partnerships or companies) which provide actuarial … US-based holding company with multiple subsidiaries providing group protection, annuities, retirement plans and life insurance products and services. One of the top insurance firms in the world, Allianz is a Germany-based multinational company offering business, life, health, accident and property insurance. If you want to maximize your earnings from your first actuary job, make studying a priority. For inclusion on the site, employers must meet the following criteria: It is most preferred if all or most of the above can be verified from publicly available internet based resources. Prospective employers look at the grades you earned in colleg… A subsidiary of the Samsung Group based in South Korea, offering health and life insurances and annuities to multinational markets. Part of a global network of independent accounting and advisory firms, RSM UK offers actuarial consultancy to private, public and not-for-profit companies. Number of roles open for actuaries: 20 Leadership rating: 72 percent approval of CEO What employees say: “Lots of room for career development and the benefits are competitive to other large companies.”— Current Employee See Open Jobs. Methodology To determine the list, Statista surveyed 50,000 Americans working for businesses with at least 1,000 employees. • select all. 63. Actuarial work is an essential component of the industry as actuaries are responsible for identifying and mitigating risk. The UK’s largest actuarial consulting firm focused solely on pensions consultancy, formed through the acquisition of the Punter Southall Group by Xafinity in 2018. Some work for an actuarial firm such as Willis Towers Watson or Aon Hewitt. Its insurance arm is focused on life, casualty and property insurance. The UK’s Government Actuary’s Department, providing actuarial services to the public sector, principally focused on pension schemes. Ask any of the employers featured in this directory and they’ll tell you that people chose the profession for the intellectual challenge, to work with inspiring people and to impact significant projects. It is owned and managed by about 350 partners/principals. It can be very motivating! It is one of the largest insurance companies in the world operating in this niche. Also known as Pacific Insurance, this company provides insurance products through two main subsidiaries focused on property and life insurance solutions. The Teachers Insurance and Annuity Association is a US-based organisation that provides specialist insurances for individuals working in medical, academic, governmental, research and cultural fields. Note: clustering is off when single employer is displayed on map. deselect all Use the controls below to filter the employers shown on the map. Also, with more exams passed, you can generally expect to have a higher starting salary. By Employer Type The US Department of Defense has the largest military budget in th… If you are from a non-numerate degree background, you first need to find an employer willing to accept your degree. Based in the Channel Islands, BWCI Group offers actuarial services across insurances, investments and employee benefits on an international scale. Proudly created with Wix.com Wix.com they currently staff 1 or more credentialed actuaries from one or more of the following actuarial organizations: IFoA, CIA, SOA, CAS, they hire credentialed actuaries on a regular basis, their actuaries perform work of an actuarial nature, or work that requires their actuarial training, they have at least one commerical office that is not a residential address. The largest publicly listed insurance group operating in Asia-Pacific markets, AIA Group offers business insurance services and life, health and accident insurance for individuals. UK’s ten largest actuarial and pension consulting firms brought in a combined revenue of almost £2 billion last year. While there are advantages to attending a college with an actuarial science program , you should know that you don’t have to major in actuarial science to become an actuary, nor is an advanced degree required. For early exams, like Exam P and FM, the salary increase may be somewhere between $1,500 and $3,000. Largest Employers Careers - Employment Actuarial Outpost > Actuarial Discussion Forum > Careers - Employment: Largest Employers User Name: Remember Me? Operating on a global scale and serving around 33 million customers, Aviva is the UK’s largest provider of general insurances and the second-largest in Canada. Multinational financial services firm, its insurance arm provides life insurance, annuities, pension and general insurance products to customers across the UK and the US. I think life actuaries are pretty cool, maybe then health, then pension, then p&c (sorry p&c). Life insurance and pensions are the largest practice areas that actuaries work in, ... A good source of target employers is the Directory of Actuarial Employers. After the acquisition of Chubb by Ace in early 2016, Chubb, Ltd became one of the largest property and casualty insurers on the planet with 31,000 employees.