Insight Actuaries & Consultants

What Insight Actuaries & Consultants does

Insight Actuaries & Consultants is a South African professional services firm founded in 2014 that provides actuarial, clinical, and analytics consulting to life insurers, medical schemes, and health insurers. The firm operates through four interconnected service lines: Life Solutions delivers actuarial consulting and backfill roles for life insurers; Health Solutions provides projection models, IBNR (Incurred But Not Reported) calculations, and standardised actuarial reporting for medical schemes and health insurers; Advisory Solutions offers guided advice and tailored solutions through intelligent/dynamic digital tools for employers, employees and members; and Analytical Data supplies business intelligence and analytics capabilities that underpin the consulting work. The technology backbone is built around actuarial modelling, data management, business intelligence and analytics platforms, with specific capabilities in IFRS 17 cash flow modelling, SAM (Solvency Assessment and Management)-based product pricing, climate risk assessment aligned to Prudential Authority guidance, and actuarial systems modernisation delivered by computer science-trained 'systems actuaries'. From offices in Cape Town and Johannesburg, the firm serves clients across 30 countries via direct B2B consulting engagements delivered on a project or retainer basis. Insight is privately held with 11-50 employees, no disclosed external investors, parent company, or subsidiaries, and generates revenue through professional services fees across its life and health insurance client base.

Name

Insight Actuaries & Consultants

Legal name

Insight Actuaries & Consultants

Website

https://insight.co.za

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

Insight Actuaries & Consultants is a South African professional services firm providing actuarial, clinical, and analytics consulting to life insurers, medical schemes, and health insurers across 30 countries from offices in Cape Town and Johannesburg.

Ownership category

akta.pro rank

Product category

Actuarial Consulting Services

NAICS

Management Consulting Services (54161), Other Management Consulting Services (541618)

SIC

Services-Management Consulting Services (8742)

akta.pro industry

PRIMARYFSAOAAAI

Life & Health Reinsurance Underwriting, Actuarial & Risk Analytics Services

Financial & Insurance/Reinsurance/Life & Health Reinsurance

SECONDARYBPAHABAF

Financial Reporting & Technical Accounting Advisory (GAAP/IFRS)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Accounting, Audit & Tax Services

SECONDARYFSAEAAAL

Fee-Only Advisory

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Investment Advisory & Financial Planning

Keywords

• Actuarial consulting
• Life insurance advisory
• Health actuarial services
• IFRS 17 modelling
• Risk management consulting

Headquarters

HQ city

Midrand

HQ country

South Africa

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Actuarial Consulting Services: Professional consulting services provided to life insurers, medical schemes, and health insurers. Services include actuarial backfill roles, model development, independent reviews, and advisory engagements.
2. Actuarial Modelling Services: Cash flow modelling, model migration, validation, and review services for insurance companies implementing new accounting standards or modernizing actuarial systems.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Insight Actuaries & Consultants is a South African professional services firm delivering independent actuarial, clinical, and analytics consulting to life insurers, medical schemes, and health insurers. Its four service lines cover backfill actuarial roles, projection modelling and IBNR calculations, advisory solutions via digital tools, and business intelligence/analytics support, with consultants serving clients across 30 countries from offices in Cape Town and Johannesburg.

Product overview

Insight Actuaries & Consultants is a consulting firm offering a portfolio of actuarial and analytical service offerings rather than a unified software product. The core portfolio comprises four interconnected service lines: Life Solutions provides actuarial consulting to life insurers including backfill support and strategic advisory; Health Solutions delivers sophisticated projection models, IBNR calculations, and standardised actuarial reporting for medical schemes and health insurers; Advisory Solutions offers guided advice and tailored solutions delivered through intelligent digital tools; and Analytical Data provides business intelligence and analytics capabilities. Consultants deliver independent clinical, actuarial, and analytics services across 30 countries, with offices in Cape Town and Johannesburg.

Differentiator

Problem solved

Functional benefit

Products and services

• Life Solutions Actuarial consulting services to life insurers, including backfill roles for BAU (business-as-usual) actuarial activities ranging from individual placements to fulfilling entire teams and functions. Supported by world-class technology and international expertise delivered from offices in Cape Town and Johannesburg to an international client base.
• Health Solutions
• Advisory Solutions
• Analytical Data

Quantifiable outcome

• Over 80% of surveyed life insurers considering change in actuarial software landscape within next five years

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Expansion highlights5 records

Emerging players

• Aurecon / Hanno (SA management consulting): South African-rooted specialist consulting and advisory firms that increasingly cross-sell into insurance and financial services; serve as adjacent emerging players competing for life and health insurer advisory spend.

Broad incumbents

• WTW (Willis Towers Watson): Global advisory firm with a substantial actuarial consulting arm serving life and health insurers across consulting, technology, and regulated reporting; competes with Insight across IFRS 17 and life/health mandates.
• Mercer: Global consulting leader in health, wealth, and career advisory with deep actuarial capabilities in health and benefits; overlaps with Insight's Health Solutions and Advisory practices.
• PwC (Actuarial Services): Big-4 actuarial practice serving life and health insurers on regulatory reporting and modelling; directly competes for the same South African enterprise mandates as Insight.
• EY (Actuarial Services): Big-4 actuarial and insurance advisory practice serving life and health insurers globally; overlaps with Insight on IFRS 17, climate risk, and model transformation work.
• Deloitte (Actuarial & Insurance Solutions): Big-4 firm with global actuarial practice and strong South African presence; competes with Insight on IFRS 17, model development, and life/health consulting engagements.
• KPMG (Actuarial Services): Big-4 actuarial practice offering life, health, and general insurance consulting; competes with Insight across modelling, IFRS 17, and risk advisory in the South African market.

Direct peers

• Oliver Wyman: Marsh McLennan-owned global consulting firm with a dedicated Actuarial practice serving life and health insurers on modelling, regulatory compliance, and transformation — the most direct global analog to Insight's offering.
• Milliman: Global actuarial and consulting firm focused on life, health, and property/casualty insurance; directly competes with Insight on actuarial modelling, IFRS 17 implementations, and life/health consulting mandates.

Regional players

• Alexander Forbes: South African financial services and retirement advisory firm; Wayne Klose's prior employer and a natural regional peer in the broader SA financial advisory and risk/retirement space where Insight's Advisory Solutions competes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Insight_SA
• YouTubeyoutube.com/channel/UCgtrMzlKtxCxyDeTIoU-krA
• LinkedInlinkedin.com/company/insight-actuaries-&-consultants

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Insight Actuaries & Consultants