Most sought after: Which Are Currently the Main Target Countries for Actuaries Working Abroad?

The actuarial profession is expanding worldwide, driven by demographic shifts, stricter regulation, and the growing importance of risk management across insurance, pensions, and financial services. For actuaries considering a move abroad, certain countries stand out as particularly attractive thanks to their demand for actuarial expertise, immigration frameworks, and professional growth opportunities. Here's an overview:

Written on 09/19/25

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Canada

Canada is one of the most promising destinations for actuaries. A recognized shortage across its provinces creates openings in pensions, insurance, healthcare, and climate risk. Immigration pathways such as the Federal Skilled Worker Program are accessible, even without a job offer. Nevertheless, high living costs in major cities and local credential requirements should be considered.

Australia

Actuaries are consistently listed among Australia’s high-demand professions. Opportunities are abundant in superannuation, life and general insurance, and risk consulting. The country’s points-based immigration system makes relocation feasible for many professionals. Competitive salaries and high living standards add appeal, though the country’s remoteness and the relocation expenses involved can be challenges.

United Kingdom

As one of the world’s actuarial hubs, the UK offers wide-ranging opportunities in pensions, insurance, consulting, and regulatory work. Demand is particularly strong in areas such as Solvency II, pension reform, and ESG-related risks. However, the Skilled Worker visa system is becoming more restrictive, and London’s living costs are among the highest globally.

United States

The US has the largest actuarial job market, spanning health, life, property and casualty, reinsurance, and consulting. High salaries and diverse roles make it a prime destination. Yet immigration barriers such as the H-1B visa cap, alongside the need for additional exams and local expertise, make entry challenging.

Europe

Countries like Germany, the Netherlands, Italy, and Spain present a solid mix of demand and professional infrastructure. Salaries can be lower compared to the US or UK, but strong social systems and high quality of life compensate. Language requirements and local professional rules can pose hurdles for newcomers.

Asia and Emerging Markets

India, China, and Singapore are rapidly growing actuarial markets. Expansion in insurance and fintech has created a strong need for actuarial skills, especially in regulatory and risk modelling functions. Immigration rules vary widely, and while salaries may be lower, the cost of living is often more affordable.

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