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  #11  
Old 01-05-2012, 12:14 AM
TriAct TriAct is offline
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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.
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Old 01-05-2012, 07:38 AM
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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....
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Old 01-05-2012, 08:53 AM
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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....
Me too, but how to get reliable data?
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Old 01-05-2012, 08:55 AM
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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....
Me too, but I wonder how else they could determine market share.
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Old 01-05-2012, 09:37 AM
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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.
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Old 01-05-2012, 09:44 AM
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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)
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Old 01-06-2012, 10:49 AM
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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.
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Old 01-06-2012, 08:01 PM
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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.
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Old 01-06-2012, 10:42 PM
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That list is useless
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Old 01-11-2012, 01:23 PM
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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.

Last edited by Jon Evans; 01-11-2012 at 01:30 PM..
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