Reacfin

What Reacfin does

Reacfin SA is a Belgium-based actuarial and quantitative financial consulting firm headquartered in Louvain-la-Neuve, founded in 2004 and operating with 11-50 employees. The firm delivers sustainable actuarial, quantitative financial and "AI for Finance" solutions to insurance companies, banks, and pension funds across Belgium and Western Europe. It is organised around four Centers of Excellence (Risk Management & Finance, Non-Life, Life/Health/Pension, and Actuarial Engineering) and three specialised practices (Climate Risk, Credit Risk, Health), with the Actuarial Engineering Center operating in conjunction with the Reaxii joint venture with B12 Consulting to deliver process automation, legacy tool refactoring, and ML/GenAI applications.

The core technology stack is Python-based, combining classical actuarial modelling with machine learning and Explainable AI techniques — particularly for credit risk scoring (probability of default, loss-given default) and non-life insurance pricing — where expert judgement is embedded directly inside AI workflows to support transparency and regulatory alignment. Reacfin is actively tracking and advising on Solvency II, IFRS 17, DORA, the EU AI Act, GDPR, CSRD and SFDR, and uses generative AI in areas such as End-User Computing documentation.

The business model is professional services, quote-based and tailored, comprising three revenue streams: (i) actuarial and quantitative consulting from design and modelling through to operationalisation; (ii) tooling/custom software development with full knowledge transfer including open source code (delivered partly through Reaxii); and (iii) the Reacfin Academy learning platform, which runs on-site trainings, e-learning modules, e-classrooms, webinars and masterclass programmes in non-life pricing, reinsurance, data science, and insurance performance analysis. Go-to-market is sales-led and content-driven: white papers, conference presentations (e.g., JoCo 2024), and Academy masterclasses generate demand among insurance and financial-institution buyers in Belgium and the broader EU.

Name

Reacfin

Legal name

Reacfin SA

Website

https://reacfin.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Reacfin SA is a Belgium-based actuarial and quantitative financial consulting firm that delivers AI-enabled pricing, risk, reserving and regulatory solutions to insurance companies, banks and pension funds, complemented by the Reacfin Academy training platform and the Reaxii tooling joint venture.

Ownership category

akta.pro rank

Product category

Actuarial Consulting Services

NAICS

Management Consulting Services (54161)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE)

akta.pro secondary industries

Financial Data, Analytics & FinTech Tools (BI, ERP, Automation) (EDABAJAM), Financial Planning & Analysis (FP&A) & BI (HDAEAMAG)

Keywords

• Actuarial consulting services
• Risk management solutions
• Insurance pricing analytics
• Credit risk modeling
• Regulatory compliance advisory

Headquarters

HQ city

Louvain-la-neuve

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Actuarial & Quantitative Financial Consulting: Consulting services in actuarial science and quantitative finance including capital, portfolio, product, risk and liquidity management. Services are provided in partnership with clients from design and modeling to operationalization in their systems, with full knowledge transfer.
2. Reacfin Academy Training: Comprehensive learning platform including on-site trainings, e-learning modules, e-classrooms and webinars. Offers masterclass programs in data science, reinsurance, non-life pricing, and insurance performance analysis.
3. Tooling Solutions: Development of solutions in partnership with clients, integrating solutions into client systems and processes with full knowledge transfer including open source code. Provided through the Reaxii joint venture with B12 Consulting.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Reacfin is a Belgian consulting firm providing actuarial, quantitative financial, and AI for Finance solutions to insurance companies, banks, and pension funds. Its core offerings span three pillars: (1) Consulting Services in actuarial science and quantitative finance covering capital, portfolio, product, risk, and liquidity management; (2) Tooling Solutions — custom software developed in partnership with clients and integrated into their systems with full knowledge transfer including open source code; and (3) Reacfin Academy — a learning platform offering on-site trainings, e-learning modules, e-classrooms, webinars, and masterclass programs. The firm operates specialized practices in Health, Credit Risk, and Climate Risk, supported by Centers of Excellence in Risk Management & Finance, Non-Life, Life/Health/Pension, and Actuarial Engineering.

Product overview

Reacfin is a consulting firm offering a portfolio of actuarial, quantitative financial, and AI for Finance solutions. The core offerings include Consulting Services (actuarial science and quantitative finance), Tooling Solutions (custom solutions with open source code), and Reacfin Academy (learning platform with masterclasses). The company operates specialized practices in Health Insurance, Credit Risk, and Climate Risk, and maintains a Center of Excellence for Actuarial Engineering. Through its joint venture Reaxii with B12 Consulting, the company delivers AI-powered solutions including process automation, legacy tool modernization, and ML/GenAI applications. The portfolio spans advisory services, custom software development, and professional education programs.

Differentiator

Problem solved

Functional benefit

Brands

• Reacfin Academy: The company's learning and training platform offering on-site trainings, e-learning modules, e-classrooms, webinars, and masterclass programs for actuarial and insurance professionals.

Products and services

• Consulting Services
• Tooling Solutions
• Reacfin Academy
• Reaxii
• Health Practice
• Credit Risk Practice
• Climate Risk Practice
• Actuarial Engineering Center of Excellence
• Non-Life Pricing Masterclass
• Data Science for Insurance Managers Masterclass
• Reinsurance Masterclass
• Understanding the Performance of an Insurance Company

Quantifiable outcome

• Over 140 professionals trained in Non-Life Pricing with 4.8/5 rating
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• TRAIL (TRusted AI Labs)minorStrategic or Co-development Partner · 1 January 2024Reacfin became a member of the TRAIL network, which is at the forefront of advancing Trusted AI. TRAIL focuses on building trustworthy and responsible AI solutions.
• Belgian Alliance for Climate Action (BACA)minorStrategic or Co-development Partner · 1 January 2024Reacfin joined BACA, committing to developing climate targets through SBTi (Science Based Targets initiative). This membership supports their climate risk practice offering.
• B12 ConsultingcoreStrategic or Co-development PartnerReacfin partnered with B12 Consulting to form Reaxii, a joint venture with the mission to bridge the gap between academic excellence and best market practices. B12 Consulting's core mission is helping clients solve complex business problems using advanced IT technologies and AI. Together they provide processes streamlining, legacy tool refactoring, ML/GenAI application, and data management solutions.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Milliman: Global actuarial and risk-management consulting firm offering life, health, and P&C actuarial services, predictive analytics, and regulatory advisory - directly comparable service stack to Reacfin but at global scale.

Broad incumbents

• Oliver Wyman: Global consulting firm with a dedicated Insurance and Actuarial practice that competes for the same insurance/banking risk and quantitative finance mandates Reacfin addresses.
• Willis Towers Watson (WTW): Multinational advisory firm with a large actuarial, risk, and insurance consulting practice. Overlaps with Reacfin's actuarial and risk services but operates as a broad incumbent across insurance, investment, and HR.
• EY (Insurance & Actuarial Advisory): Big Four firm providing actuarial transformation, regulatory compliance (Solvency II/IFRS 17), and risk analytics - overlapping significantly with Reacfin's value proposition to insurers.
• Deloitte (Insurance & Actuarial practice): Big Four firm with insurance transformation, actuarial modeling, and risk advisory services - competes for the same enterprise mandates that Reacfin serves.
• KPMG (Actuarial & Insurance Risk): Big Four firm with a large actuarial and insurance advisory practice covering Solvency II, IFRS 17, and risk modeling, directly competitive with Reacfin's core consulting offerings.
• PwC (Insurance & Actuarial): Big Four firm with dedicated actuarial, Solvency II, IFRS 17, and risk modeling practices, addressing the same regulatory and quantitative challenges Reacfin's clients face.

Regional players

• Cordial Consulting: Belgian actuarial consulting firm serving insurance and pension clients with similar actuarial and risk services, primarily active in Belgium and surrounding markets - a direct regional peer.

Others

• B12 Consulting: Reacfin's joint venture partner in Reaxii; IT and AI consulting firm that complements Reacfin's actuarial expertise with technical implementation. Connections are cooperative rather than competitive.

Emerging players

• Momenta Group: European insurance-focused venture and advisory firm addressing incumbent and growth areas in insurance - thematically adjacent to Reacfin's insurance innovation work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/reacfin

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Reacfin