http://www.EmploymentCrossing.com The AM Best annual review of the auditor and actuarial markets shows that in 2007, the top firms in the United States and Canada remained dominant. The market for actuarial firms continued to grow, with a higher percentage of insurers using external actuaries in 2007 compared with the previous year. The study encompasses 2007 statutory filings submitted to AM Best for almost 4,000 US and Canadian insurance companies. AM Best found that 319 independent accounting firms provided annual audits for 3,885 insurers. The actuarial market was composed of 180 external firms providing 2,023 opinions; 1,476 companies declaring use of internal actuaries. The audit market share of the Big Four -- PricewaterhouseCoopers, Ernst & Young, Deloitte, and KPMG -- remained flat in 2007, at 96% of net premiums written. Also, the use of external actuaries versus internal or affiliated actuarial opinions grew over the past four years, to 57.8% in 2007, from 53.6% of the total companies in 2004. In both the auditor and actuarial markets, there is a higher concentration of firms representing property/casualty insurers than life/health insurers. Founded in 1899, Oldwick, New Jersey’s AM Best is a global full-service credit rating organization dedicated to serving the financial and health care service industries.

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