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Who employs actuaries?

What types of organizations employ actuaries, and who are these companies? Here's the breakdown of the active membership of the Casualty Actuarial Society and the Society of Actuaries.

Percentage of Members by Type of Employer

Casualty Actuarial Society

Property/Casualty Insurance 50%
Consultants 14%
Organizations Serving the Insurance Industry 12%
Reinsurance 8%
Retired 8%
Other 4%
Brokers & Agents 2%
Government 2%
Life & Accident, Health 1%
Academic <1%

Source: Casualty Actuarial Society, December 2018

Society of Actuaries

Insurance 29.5%
Consulting 25.9%
Health 10.1%
Regulator 1.9%
Academic 1.7%
Investment 1.2%
Technology 0.8%
Banking 0.4%
Financial 0.2%
Other/Unknown 28.7%
Retired 4.4%

Source:As reported by members as of January 2019

Top Employers of Actuaries
(by number of actuaries employed

Casualty Actuaries

Company or organization No. employed % of CAS membership
Liberty Mutual 286 4.6
Travelers 260 3.1
AIG 189 2.3
Chubb 173 2.1
Willis Towers Watson 165 2.0
The Hartford 127 1.5
Allstate Insurance Company 125 1.5
Milliman, Inc. 123 1.5
Zurich North America 101 1.2
CNA Insurance Companies 96 1.1

Source: Casualty Actuarial Society, December 2018

Life, Health, and Pension Actuaries

Company or organization No. employed % of SOA membership
Willis Towers Watson 1352 4.5
Aon 887 3.0
Milliman 839 2.8
Mercer 838 2.8
Manulife 606 2.0
Prudential Financial, Inc. 580 1.9
Sun Life 531 1.8
MetLife 412 1.4
RGA 344 1.1
United Health 331 1.1

Source: As reported by members as of January 2019