Finance & Professional Services

Actuarial Services: Market Size, Growth & Forecast to 2030

The Actuarial Services market is valued at about $21.5 billion (2026) and is projected to grow at a 4.7% CAGR through 2030. The largest cost driver is Actuary and specialist labor (65% of spend). North America leads demand at 45%.

Market size
$21.5 bn (2026)
CAGR to 2030
+4.7%
Buyer power
Favours suppliers
Tracked suppliers
150
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 4.7% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 126

Cost structure

Actuary and specialist labor
65%
Data acquisition and healthcare claims infrastructure
15%
Customer acquisition and business development
10%
Technology overhead and software licenses
5%
Office operations and administrative support
5%

Regional demand split

North America demand
45%
Europe demand
30%
Asia Pacific demand
15%
Latin America demand
6%
Rest of world demand
4%

Key suppliers

MillimanAonWTW (Willis Towers Watson)DeloitteMercerPricewaterhouseCoopers (PwC)Ernst & Young (EY)KPMG
Read the full Actuarial Services report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/actuarial-services