What MBE Consulting does

MBE Consulting is a specialist actuarial consultancy founded in 2008 and headquartered in Reigate, United Kingdom, with a regional hub in Cape Town, South Africa, operating across 13 countries. The firm targets life insurance, reinsurance, and broader financial services clients, addressing challenges such as lack of confidence in actuarial numbers, unreadiness for IFRS 17 and Solvency II, outdated IT systems and models, and slow or inaccurate reporting. Its delivery model is anchored by the proprietary Actuarial Performance Management (APM) Framework, a structured methodology built around six enablers (People, Models, Methodologies, Systems, Data, Processes) that combines actuarial expertise, Lean Six-Sigma process design, and bespoke actuarial technology. The team of 22–25 consultants includes qualified actuaries, IT specialists, and Lean Six Sigma experts, supporting an end-to-end transformation capability rather than pure advisory or pure technology delivery.

The firm's technology surface centres on the in-house IFRS Assess Excel-based simulation tool for IFRS 17 impact assessments, bespoke IT solutions for actuarial operations (including data repositories, process automation, and Power Query implementations), and end-user computing (EUC) frameworks delivered with technology partners such as Apparity. Engagements typically begin with a complimentary APM Maturity Assessment and proceed through bespoke, project-by-project transformation programmes with documented outcomes — including reduction of reinsurer results production time from nine to five weeks, IFRS 17 software quote reductions of up to 82.5%, finance reporting cycle reductions of 30%, and improvements in data quality scores from 60% to 100%.

MBE generates revenue through professional services fees on bespoke consulting engagements and does not sell software as a standalone product. Go-to-market is enterprise field sales, with growth driven almost entirely by personal recommendations; marketing is content-led via the firm's blog, case studies, webinars, and active participation at industry events such as the Actuarial Society of South Africa Annual Convention. The business is privately held with no external institutional investors, operates through a partnership structure (Christo Muller, Andries Beukes, Ben Herrett) with a dedicated South African director (Shaun Lawton), and is expanding geographically into Asia Pacific via local partnerships to support regional regulatory standards such as Indonesia's PSAK 117.

Name

MBE Consulting

Legal name

MBE International Limited

Website

https://mbeconsulting.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

MBE Consulting is a UK-headquartered specialist actuarial consultancy founded in 2008, serving life insurers, reinsurers, and financial services firms in 13 countries. It modernises actuarial performance through its proprietary APM Framework, combining actuarial expertise, Lean Six-Sigma process design, and bespoke technology such as its IFRS Assess tool.

Ownership category

akta.pro rank

Product category

Actuarial Consulting Services

NAICS

Management Consulting Services (54161), Management, Scientific, and Technical Consulting Services (5416)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Financial Management & Performance Improvement Consulting (BPAHACAF)

akta.pro secondary industries

Corporate Finance & Capital Advisory (BPAHADAB), Risk Management Consulting (Enterprise & Operational Risk) (FSAEADAG)

Keywords

• Actuarial consulting services
• Life insurance consulting
• IFRS 17 implementation
• Actuarial process reengineering
• Financial services consulting

Headquarters

HQ city

Reigate

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Actuarial Consulting Services: Professional services revenue generated from delivering bespoke transformation programmes, actuarial consulting engagements, and actuarial technology implementation to insurance and financial services clients. Engagements typically include process improvement, regulatory compliance support (IFRS 17, Solvency II), and actuarial modernisation projects.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

MBE Consulting is a specialist actuarial consultancy that modernises actuarial performance in the life insurance and financial services sectors. It delivers bespoke consulting engagements anchored by its proprietary Actuarial Performance Management (APM) Framework, combining qualified actuarial expertise, Lean Six-Sigma process design, and bespoke actuarial technology (including the IFRS Assess tool and Power Query solutions). Services span IFRS 17 and PSAK 117 implementation, Solvency II compliance, actuarial process reengineering, finance change, and End-User Computing (EUC) risk frameworks.

Product overview

MBE Consulting offers a portfolio of actuarial consulting services anchored by its proprietary Actuarial Performance Management (APM) Framework—a structured methodology that addresses six interconnected enablers: People, Models, Methodologies, Systems, Data, and Processes. The firm provides specialized tools including IFRS Assess (an Excel-based IFRS 17 simulation and impact assessment tool) and Power Query solutions for process automation. Services span IFRS 17 implementation, actuarial process reengineering, bespoke technology solutions, and EUC framework services. The APM Framework serves as the integrative backbone, with the complementary APM Maturity Assessment enabling organizations to benchmark their current state. This is not a software-as-a-product model; rather, MBE delivers consulting-led transformation combined with proprietary analytical tools to modernize actuarial operations in insurance and financial services.

Differentiator

Problem solved

Functional benefit

Products and services

• Actuarial Performance Management (APM) Framework A structured enabler-based framework that modernises actuarial operations across six integrated dimensions (People, Models, Methodologies, Systems, Data, and Processes). Designed for insurance companies and financial services organisations seeking a systematic approach to elevating actuarial performance.
• IFRS 17 Implementation Services Consulting services supporting insurers through IFRS 17 regulatory transition, including gap analysis, impact assessment, software quote reduction (e.g., R40m to R7m), and implementation support for accounting standard compliance. Targeted at life insurers, reinsurers, and bancassurers in markets adopting IFRS 17.
• Actuarial Process Reengineering Transformation programmes that redesign and optimise actuarial processes, including central data repository implementation, workflow automation, and culture shift toward continuous improvement. Delivers measurable reductions in processing time and operational risk for life insurers, reinsurers, and asset management firms.
• Actuarial Technology Solutions Bespoke IT solutions combining actuarial expertise with technology implementation, including data management tools, process automation (e.g., Microsoft Power Query), and system integration for actuarial modelling and reporting environments. For insurance and financial services organisations.
• End-User Computing (EUC) Framework Services Services to manage spreadsheet risk and implement comprehensive end-user computing frameworks, typically in partnership with Apparity. Addresses VAIT (German Insurance IT Regulation) compliance requirements for global reinsurers and other financial services organisations.
• Finance Change and Continuous Improvement Services Finance function transformation services delivering centralised finance operations, continuous improvement culture embedding, and reporting cycle reduction. For global insurance and asset management companies undergoing finance operating model change.

Quantifiable outcome

• Reduced annual results production time from nine weeks to five weeks (reinsurer EV project)
• +9 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Shadow CareersminorOthers · 1 January 2021MBE Consulting sponsors the Shadow Careers student sponsorship programme in South Africa, which provides students with development programmes including individual competencies, behaviours, and skills valued in working environments. This supports MBE's B-BBEE commitments.
• ApparitycoreTechnology or IntegrationMBE Consulting partnered with Apparity to help global reinsurers reduce spreadsheet risk by implementing a comprehensive end-user computing (EUC) framework. This partnership addresses VAIT compliance requirements and spreadsheet risk management in banking, finance and insurance sectors.
• KKA I Gde Eka SarmajaminorImplementation/ SI/ Consulting PartnerIndonesian accounting and consulting firm. MBE Consulting was invited back to Indonesia by KKA I Gde Eka Sarmaja to engage with actuarial leaders across the region on PSAK 117 support.
• WeSolve4XminorOthersSouth African community initiative. MBE Consulting has supported WeSolve4X, which helps communities in rural South Africa including Mzinto Primary School outside Mount Frere.
• Muller Beukes Edvardsen South Africa (Pty) LtdcoreStrategic or Co-development PartnerThe South African office is operated by Muller Beukes Edvardsen South Africa (Pty) Ltd, which forms the core of MBE's South African presence and operations, holding Level Two B-BBEE Contributor status.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Milliman: Global actuarial and consulting firm specialising in life insurance, health, and property & casualty. Milliman is a direct peer as both firms deliver actuarial consulting, IFRS 17 implementation, and process modernisation to insurance clients, though Milliman is far larger.
• Barnett Waddingham: UK actuarial, investment, and administration consultancy. Direct peer due to overlapping actuarial consulting services for life insurers and pension schemes in the UK market.
• Broadstone: UK actuarial and employee benefits consultancy. Direct peer given shared UK actuarial consulting market serving insurers and corporates on regulatory and operational change.
• Hymans Robertson: UK actuarial and consulting firm with deep life insurance and pensions expertise. Comparable to MBE in delivering actuarial transformation and regulatory readiness work for UK insurers.
• Lane Clark & Peacock (LCP): UK-based actuarial and consultancy firm serving life insurance, pensions, and investment clients. LCP is a direct peer given its UK actuarial consulting focus and life insurance transformation services overlapping with MBE's APM-style engagements.

Broad incumbents

• Willis Towers Watson (WTW): Global insurance and risk consulting powerhouse. Overlaps with MBE on life insurance actuarial consulting, IFRS 17 advisory, and Solvency II services, but WTW operates at much broader scale across multiple advisory lines.
• Deloitte (Insurance Consulting): Big-4 firm with a sizeable insurance industry practice delivering actuarial transformation, IFRS 17, and Solvency II consulting. Comparable as a competitor for large insurer transformation mandates though far broader in scope.
• Oliver Wyman: Global management consultancy with a strong insurance and actuarial practice. Overlaps with MBE on life insurer transformation, regulatory readiness, and operational improvement, but competes across a much broader financial services portfolio.
• EY (Insurance Consulting): Big-4 consultancy with significant insurance actuarial and risk consulting practice. Competes with MBE on IFRS 17 readiness and actuarial transformation engagements for life insurers across the UK, EMEA, and Africa.
• PwC (Insurance Consulting): Big-4 firm competing in IFRS 17 implementation, actuarial modernisation, and insurance risk advisory. Overlaps with MBE in the UK and South African life insurance markets but with vastly greater scale and breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mbeintl
• LinkedInlinkedin.com/company/mbeconsulting

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

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 MBE Consulting