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Protecting actuaries from less than £55* per year
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Get a QuoteOur standard cover is:
As an actuary providing specialist statistical and financial modelling services to corporate clients, professional indemnity insurance* is essential to protect your business if a client pursues legal action over financial losses attributed to your actuarial work.
Our actuary insurance covers defence costs and compensation claims in scenarios such as a pension scheme shortfall, inaccurate pricing models for insurance products, flawed investment projections leading to losses, and errors in calculating policy liabilities.
We offer protection so you can provide assured actuarial services, knowing we will handle potential professional negligence claims as your insurer.
As standard, our public liability insurance covers injury and property damage that occurs at a client’s premises during meetings and consultations. For example, protection if your laptop damages a boardroom table or a client trips over your briefcase.
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Trusted for over 40 years We’ve been providing insurance to businesses since 1984
Financial Strength Insurance provided by a Standard & Poor’s ‘AA- Stable’ rated insurer
Our Professional Saver Insurance (Covea) has been independently rated 5 Stars by Defaqto – the highest possible rating, awarded to excellent products with a comprehensive range of features and benefits.
Employers Liability Business Contents & Equipment 
Personal Accident Short Term Income Protection Professional Indemnity* * Due to the specialist nature of your profession, we’ll arrange a separate policy for your professional indemnity cover to complement your Professional Saver policy. Please get a quote online for the other covers you need and contact us to discuss your personalised professional indemnity quotation.
Complete our simple quote form with basic details about your business.
Get an instant quote & choose any optional covers you may need.
Instantly activate your Professional Saver policy and view your certificates online.
Actuary insurance protects professionals who provide statistical modelling and analytical services to corporate clients in areas like:
Robust coverage is vital for actuaries as complex numerical analysis with long-term forecasts means the potential for financial errors leading to significant losses is high. This can prompt clients to pursue substantial pay-outs through legal means. Actuary insurance protects against legal costs and claims if an actuary’s mistake causes financial loss, as outlined in their contract.
As an actuary, your specialist risk analysis and predictive modelling informs major corporate decisions involving substantial sums of money. However, mistakes can happen—for example, pension scheme liability calculations could be inaccurate, investment forecasts may be overly optimistic, or complex quantitative risk models could have flaws.
Without liability insurance, even a rare substantial error leading to significant financial losses could put your entire actuarial consultancy at risk if a client pursues legal action and demands compensation. Robust insurance coverage takes this risk off the table, allowing you to focus wholly on assured, high-quality modelling services for your clients.
Our actuary insurance provides peace of mind that you’ll be covered financially for any claims made against you.
Our actuary insurance protects against:
Our actuary insurance policies provide protection for typical services like:
Essentially, we cover most claims connected to financial loss for a client stemming from significant errors, flaws or negligence risks in your statistical number crunching, modelling, liability calculations, and actuarial projections, ensuring complete peace of mind.
With over 35 years of experience providing specialist insurance to thousands of professionals, actuaries can count on Professional Saver for unmatched service. Key benefits include:
Get your quote today by simply filling out our online form and start safeguarding your livelihood.
* Total number of live policies as of 31/10/2025
From only£55per year From only£55per year From only£55per year From only£55per year From only£55per year Typical actuarial errors we cover include:
Our optional professional indemnity insurance helps protect your interests if flawed actuarial work leads directly to balance sheet losses and financial damage for your clients.
Yes – our actuary insurance can cover freelancers, contractors and temporary staff you engage to work under your practice name. For example, if you bring in a pricing quantification specialist to model an insurance product, and their flawed calculations lead to significant premium shortfalls once launched, our insurance helps cover any professional indemnity claim made against your firm.
Lawsuits typically arise when actuaries make incorrect critical calculations for businesses like pension funds and insurance companies, often involving substantial sums of money. The client might sue the actuary if these calculations lead to financial losses.
For example, an actuary might update life expectancy data for a pension fund, leading them to underestimate future pay-outs. If the fund can’t meet its obligations, they might sue the actuary. Similarly, an actuary might update an insurance company’s risk model, causing them to underestimate their liability and face regulatory action.
