Nordic Actuary Ab

What Nordic Actuary Ab does

Nordic Actuary AB is a privately held Swedish actuarial consulting firm that provides specialized services across three practice areas: pension consulting (pensionsskuldsberäkningar), life and pension insurance, and property (non-life) insurance (sakförsäkring). The firm is staffed by three experienced actuaries and one senior pension specialist, and its technical work spans pension liability calculations under IAS19, USGAAP, and Swedish accounting standards; valuation of insurance technical provisions under Solvency II; ORSA calculations; actuarial function outsourcing; IFRS sensitivity analyses; portfolio transfer calculations; claim forecasting; and the development of proprietary calculation tools and tariff structures for life and pension insurance. The firm positions itself as flexible and tailored, serving a broad client base that includes large listed corporates, mid-sized and small unlisted companies, captive insurance entities, insurance companies, pension foundations, and pension funds.

Nordic Actuary operates a sales-led professional services model, with revenue generated through quote-based consulting engagements rather than disclosed pricing. Distribution is direct, primarily via professional outreach and engagement-based delivery. The firm extends its reach beyond Sweden through membership in Abelica Global, a global actuarial consulting network that allows Nordic Actuary to lead or participate in large cross-border mandates and access surge capacity. A dedicated client portal, NordAct Pro, provides authenticated access to reports and services, representing the firm's primary technology surface beyond the actuarial calculation tools it develops for clients.

The firm is privately held, headquartered in Sweden, and shows no evidence of external venture capital, private equity, or institutional ownership. There is no public funding history, no disclosed revenue, and no parent company or subsidiary structure. Customer concentration, revenue trajectory, and headcount growth cannot be quantified from the available evidence; the firm's competitive position rests on its senior actuarial bench, its Abelica Global network affiliation, and the recurring regulatory nature of its core engagements.

Name

Nordic Actuary Ab

Legal name

Nordic Actuary AB

Website

https://nordact.se

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Nordic Actuary AB is a privately held Swedish actuarial consulting firm with four specialists providing pension, life and pension insurance, and property insurance consulting — including Solvency II, ORSA, and IAS19 calculations — to corporates, captives, insurers, and pension funds, with international reach via the Abelica Global network.

Ownership category

akta.pro rank

Product category

Actuarial Consulting Services

SIC

Services-Management Consulting Services (8742), Accident & Health Insurance (6321), Life Insurance (6311), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Life & Health Reinsurance Underwriting, Actuarial & Risk Analytics Services (FSAOAAAI)

akta.pro secondary industry

Financial Reporting & Technical Accounting Advisory (GAAP/IFRS) (BPAHABAF)

Keywords

• Actuarial consulting
• Pension consulting
• Insurance actuarial
• Solvency compliance
• Actuarial valuations

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D

Revenue model

1. Actuarial Consulting Services: Nordic Actuary generates revenue through providing specialized actuarial consulting services including pension liability calculations, life and pension insurance consulting, and property insurance actuarial services. Revenue is derived from professional service engagements with clients.

Go-to-market motion1 record

Distribution channels2 records

Core offering

Nordic Actuary Ab provides specialized actuarial consulting services from Sweden, focused on pension calculations, life and pension insurance, and property (sakförsäkring) insurance. The firm calculates insurance and pension obligations, supports accounting requirements, and assists with solvency reporting for a mix of listed companies, unlisted firms, captives, insurance companies, foundations, and pension funds. The team consists of three experienced actuaries plus a senior pension specialist, backed by the Abelica Global network.

Product overview

Nordic Actuary offers flexible consulting services within pension, life and pension insurance, and property insurance. The company operates with three experienced actuaries and one senior pension specialist, providing services to large listed companies, mid-sized and small unlisted companies, captives, insurance companies, foundations, and pension funds. Their portfolio includes specialized consulting services for pension calculations (IAS19, USGAAP, Swedish standards), property insurance actuarial functions, and life insurance calculation tools, with access via the NordAct Pro online platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Pension Actuarial Consulting Calculation and advisory services covering pension obligations, pension-related accounting (including IAS19/IFRS), and ongoing pension support for corporates, foundations, and pension funds.
• Life and Pension Insurance Actuarial Services Actuarial analysis, valuation, and reporting for life and pension insurance portfolios, including support for insurance companies and corporate pension arrangements.
• Property Insurance (Sakförsäkring) Actuarial Services Actuarial consulting and calculation services for property (sakförsäkring) insurance, including solvency-related analysis and ongoing actuarial support for insurers and captives.
• NordAct Pro Client Portal Secure login-based portal used to exchange actuarial data and collaborate with clients on ongoing pension and insurance calculations.

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Abelica GlobalcoreStrategic or Co-development PartnerNordic Actuary is a member of Abelica Global, a leading global consulting network. This membership enables Nordic Actuary to lead or participate in large global projects and access additional resources when needed, extending their service capabilities beyond the Nordic region.

Scale indicators2 records

Recent moves3 records

Expansion highlights4 records

Broad incumbents

• Mercer: Global consulting firm providing pension risk, actuarial, and investment services. Directly comparable to Nordic Actuary's pension and M&A advisory work for large Nordic listed companies.
• Aon: Global professional services firm with retirement, health, and actuarial consulting capabilities. Competes with Nordic Actuary for pension and insurance advisory mandates across the Nordic region.
• KPMG Sweden: Big 4 firm with an actuarial and insurance risk practice in Sweden providing Solvency II, IAS 19, and actuarial function services to Nordic insurers and corporates; broad incumbent with bundled advisory offerings.
• Willis Towers Watson (WTW): Major global advisory firm with extensive actuarial, pension, and insurance consulting practices. Overlaps with Nordic Actuary on IAS 19, Solvency II, and actuarial function outsourcing but at much greater scale.
• EY Sweden: Big 4 firm with Nordic actuarial and insurance consulting capabilities serving insurance companies and large corporates on Solvency II, ORSA and pension accounting engagements.
• Milliman: Global actuarial and consulting firm with deep Solvency II, life insurance, and pension expertise; competes directly with Nordic Actuary for European insurer and large corporate engagements while offering much larger bench and broader services.
• PwC Sweden: Big 4 actuarial practice serving Swedish insurers and corporates on technical provisions, Solvency II, ORSA, and pension accounting; competes for the same client base as Nordic Actuary with a much larger bench.
• Deloitte Sweden: Big 4 actuarial and risk advisory practice active across Nordic insurers, providing IFRS 17/Solvency II transition support, actuarial valuations, and pension consulting that overlaps with Nordic Actuary's service lines.

Direct peers

• Aalto Aktuarie: Independent Swedish actuarial consulting firm offering pension and insurance actuarial services to Nordic clients; closest head-to-head competitor to Nordic Actuary in the Swedish mid-market and life insurance segments.

Others

• Söderberg & Partners: Nordic financial advisory and insurance brokerage group with pension and risk advisory capabilities. Operates in adjacent advisory territory rather than as a direct actuarial competitor, but competes for budget allocation from Nordic corporate and foundation clients.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nordic-actuary-ab

Revenue estimate

Valuation estimate

Number of profiles

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 Nordic Actuary Ab