Actuarial Outsourcing

[david rigby]

Anyone hear anything about a major firm outsourcing some/most of its actuarial work?

[JanetM]

I googled ( "actuarial firms" outsource to india ) and got lots of hits. Most of them were about UK companies who have outsources a lot of accounting and actuarial stuff. None seemed to name any of the consulting/actuarial firms I know of.

But I would think if one of the big ones (Buck, WatsonWyatt, Mercer, Segal to name a few) were to do it, it would be done very quietly. Most of them have offices in the East, so how difficult would it be.

[SoCalActuary]

Outsourcing does refer to other business decisions besides Asia.

If a major benefits firm needs specialists who are not on staff, then they outsource the work.

Given the record of several large firms in managing professional practices,

like legal, accounting, actuarial, (hospitals and doctors?),

I would not be surprised to find actuarial services subcontracted.

Any rumors as to who the parties are?

[david rigby]

No specifics on the identity of the party(ies). However, the context of the rumor was "Asia".