SAI Actuarial Services

What SAI Actuarial Services does

SAI Actuarial Services (Services actuariels SAI inc.) is a privately-held Canadian actuarial consulting firm founded in 1990 and headquartered in Montreal, Quebec, with offices in Quebec City and Ottawa. The firm serves pension committees, group insurance plans, institutional investors, trade unions, professional associations, and public/parapublic sector organizations across Quebec and Ontario through seven practice areas: pension plans (Régimes de retraite), group insurance (Assurance collective), asset and risk management, responsible investment, compensation, expert reports in case of prejudice, and audit of actuarial valuations and assumptions. Its go-to-market is sales-led direct consulting, with clients engaging partners and consultants through its three regional offices and contact channels.

The firm's product portfolio rests on two proprietary software platforms developed and maintained through a captive IT joint venture, Epsilon (Services informatiques Epsilon), co-founded with three individual founders in 2021. SIMRA is pension plan administration software providing online benefit calculations, participant portal access, retirement income projections, and administrative task management. Sentinelle is a management tool purpose-built for the workflow and communication needs of unions and professional associations. A third offering, IPP (Individual Pension Plans), serves business owners and self-employed professionals with pension plan implementation and administration.

SAI generates revenue primarily through professional services consulting engagements — actuarial valuations, plan design, funding analysis, group insurance renewal and design, investment management consulting, and compensation analysis — sold on customized engagement terms without public pricing. The partner group has expanded steadily since 2021, with Maurice Parent as President (since April 2022) and Simon Campagnoli as Vice-President, plus recent partner promotions of Jessica Morgia (2024), Jonathan Bohm (2025), and Pierre-Luc Lamothe and Charles Provost (2026). In December 2025, SAI announced a strategic partnership with Mathalian Partners (Toronto) to jointly deliver responsible investment and asset management services outside Quebec, marking the firm's first explicit cross-provincial expansion.

Name

SAI Actuarial Services

Legal name

Services actuariels SAI inc.

Website

https://saiinc.qc.ca

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

SAI Actuarial Services is a Montreal-based, privately-held actuarial consulting firm (founded 1990) serving pension committees, group insurance plans, unions, and public sector clients across Quebec and Ontario, supported by proprietary SIMRA and Sentinelle software platforms.

Ownership category

akta.pro rank

Product category

Actuarial Consulting Services

NAICS

Other Scientific and Technical Consulting Services (54169)

akta.pro primary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

akta.pro secondary industry

Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

Keywords

• Actuarial consulting services
• Pension plan administration
• Group insurance advisory
• Retirement benefits consulting
• Investment risk management

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Actuarial Consulting Services: Professional actuarial consulting services including pension plan advisory, group insurance consulting, investment and risk management, and compensation analysis. Revenue generated through consulting engagements with pension committees, insurance groups, trade unions, associations, and public sector organizations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

SAI Actuarial Services is a private Canadian actuarial consulting firm providing expert advisory in pension plans, group insurance, investment and risk management, responsible investment, and compensation analysis. The firm serves unions, professional associations, pension committees, insurance groups, and public/parapublic sector organizations across Quebec and Ontario through a team of credentialed actuaries (Fellows of SOA and CIA). SAI also operates proprietary software platforms — SIMRA for pension plan administration and Sentinelle for union/association management — that support and complement its consulting engagements.

Product overview

SAI Actuarial Services is an actuarial consulting firm offering specialized services in pension plans, group insurance, asset management, compensation, and related areas. The company's software portfolio centers on SIMRA for pension plan administration (including member portals and retirement income projections), Sentinelle for union and association management, and IPP services for individual pension plans. These products serve pension committees, unions, associations, and institutional asset owners primarily in Quebec and Ontario.

Differentiator

Problem solved

Functional benefit

Brands

• SIMRA: Pension administration software providing benefit calculations, participant communications, data management, and retirement income projections.
• Sentinelle

Products and services

• SIMRA

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered strategic and core.

• Mathalian Partners Inc.strategicStrategic or Co-development Partner · 9 December 2025Toronto-based firm specializing in responsible investment (ESG), climate risk, and asset management. SAI and Mathalian Partners will jointly serve new clientele in asset management and responsible investment outside Quebec. The partnership provides SAI with a strategic partner recognized for expertise in responsible investment and climate risk analysis for asset owners including pension funds.
• Epsilon (Services informatiques Epsilon)coreTechnology or Integration · 27 October 2021Epsilon is a private firm jointly owned by SAI and its three founders (Maxime Daigle, Jonatan Bouillon, and Mathieu Richard). The partnership handles all IT development and digital platform support needs for SAI, ensuring sustainability of technological solutions. The company name represents belonging to a group sharing the same values.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Milliman: Global actuarial and consulting firm offering pension, investment, and insurance advisory with deep technical resources. Competes with SAI for specialized valuation and risk-management engagements and serves multinational pension clients.
• Mercer (Willis Towers Watson): Global consulting leader in retirement, investment, and health benefits with a Canadian practice covering pension advisory and actuarial valuation. Vastly larger than SAI; competes primarily for institutional and multinational plan sponsor mandates.
• Willis Towers Watson (WTW): Global advisory firm with significant Canadian retirement actuarial practice. Competes with SAI for mid- and large-market pension committee mandates and offers workforce/compensation consulting that overlaps with SAI's compensation line.
• TELUS Health (formerly Morneau Shepell): Largest Canadian-owned benefits, pension, and HR consulting firm (now owned by TELUS). Operates at much greater scale than SAI but serves overlapping clients (large Canadian pension and group insurance plans) with adjacent technology-enabled service offerings.
• Deloitte Canada: Big 4 firm with Canadian actuarial, pension, and rewards practices serving large employer clients. Competes with SAI on enterprise mandates and brings broader audit and tax capabilities that the smaller firm cannot match.
• Aon: Global professional services firm with substantial Canadian retirement and health practices. Competes with SAI on larger employer mandates and offers investment consulting, pension administration, and actuarial services as part of a much broader risk/HR portfolio.

Direct peers

• Buck: North American consulting firm focused on retirement, group insurance, and actuarial services for plan sponsors. Comparable in service mix to SAI's institutional pension and group insurance practice, though with a different geographic core.
• Eckler Ltd. Canadian actuarial and pension consulting firm with similar Quebec/Ontario footprint and practice mix including pension, group benefits, and investment consulting. Closely comparable firm offering the same specialty services to pension committees and employer plan sponsors.
• Normandin Beaudry: Quebec-headquartered actuarial consulting firm serving pension committees and group insurance clients with very similar practice areas (retirement, group insurance, compensation). Likely the closest direct local competitor to SAI in the Quebec market.
• PBI Actuarial Consultants (Acenzia): Mid-sized Canadian actuarial consulting firm serving pension and group benefits clients. Comparable in scale and service mix to SAI, including pension administration support, group insurance advisory, and actuarial valuations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/RetraiteSAI
• Facebookfacebook.com/102290059845219
• LinkedInlinkedin.com/company/les-services-actuariels-sai

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 SAI Actuarial Services