A virtual actuary is an outsourced consultant. He works with the client via telephone and computer. He is significantly cheaper than an in-house consultant because he does not pay for commuting costs and wardrobes. His hours are flexible. He can respond quickly and accurately, often doing the work in the middle of the night.
Clients who might hire virtual actuaries are those that have erratic workloads. They might hire a virtual actuary to cover quarterly reporting, students absent for exams, and other times of volatility.
Outsourcing is the wave of the future. Right now, though, only Southcoast Actuaries is in the market.
Please visit us at www.southcoastactuaries.com.