Actuarial, Risk & Analytics (ARA) Services in Bermuda

Deloitte in Bermuda - actuarial solutions driving informed decisions

Deloitte has the leading actuarial consultancy practice of the Big Four professional services firms. In Bermuda, we have a strong, locally-based team with wide-ranging technical and commercial experience and the market insights you need.

Global Strength. Local Delivery.
Our actuaries in Bermuda regularly partner with other Deloitte professionals from around the world. This enables us to provide services locally while tapping into the virtually unlimited expertise of Deloitte globally. Our locally-based team is committed to providing practical and timely solutions to all types of business queries.

About us

We provide a robust consulting service with both traditional and non-traditional service offerings to assist insurers, reinsurers, captives, pension schemes, banks and non-financial related entities. Our actuaries regularly partner with professionals in accounting and other specialist service lines. This enables us to provide a breadth of expertise and tackle problems not possible in most other actuarial consulting firms. We have a proven track record in developing robust and practical solutions to a variety of actuarial and risk challenges.

Our Services

  • Loss reserve studies on a wide range of insured and reinsured exposures for both Life and P&C insurers, reinsurers and captives including Approved Actuary and Loss Reserve Specialist Opinions
  • Relevant regulatory insight and development updates including BMA Economic Balance Sheet and ORSA/CISSA process design and report production support for both Life and P&C businesses
  • Support building Enterprise Risk Management (“ERM”) programs in response to rapidly increasing expectations including gap analyses and a detailed roadmap for reaching your desired ERM capabilities
  • Full suite of CRO support tools including Key Risk Indicators, risk appetite / tolerance, Board, Rating agency and regulatory reporting
  • Extensive knowledge of Solvency II, Basel II, rating agency standards and other risk management frameworks
  • M&A support and due diligence reviews, both buy and sell side
  • Pricing and capital solutions throughout the model lifecycle, including design, parameterization, implementation, documentation, business application and validation
  • In-depth data analytics, skills, and services including data warehouse design and data / MI processes
  • Benchmarking studies and industry trends insight
  • Actuarial professionals on a contracted basis as a cost effective way to fill short or medium term needs
Actuarial, Risk & Analytics Services in Bermuda

View or download our Actuarial, Risk & Analytics (ARA) factsheet by clicking the image above.

Deloitte is also the leading Loss Reserve Specialist and Claims Reviewer for Catastrophe Bond Offerings over the last decade.

Since 2007, we have served as the Loss Reserve Specialist and Claims Reviewer for a wide range of Catastrophe Bond Offerings. We have a dedicated team of professionals equipped with extensive actuarial, accounting, insurance and reinsurance industry experience. Having continued involvement in the Catastrophe Bond Offerings also means access to an extensive database of benchmarks and valuable industry information.

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Service offerings | Catastrophe Bonds

Capital Optimization in Bermuda - Illustrative case studies on value maximizing capital decisions under the proposed BSCR changes

In this article, we explore how insurers can prepare for and adapt to the impending changes, and manage their capital profile efficiently under the updated solvency framework. We additionally identify common themes we expect to unfold as a result of the changes.

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Service offerings | Capital Optimization

Customized Captive Solutions - A captive is an effective risk management strategy to align your earnings profile with your core business.

Whether your program’s objective is to insure employee benefit/pension obligations, professional liability exposures, Fair Value volatility, or any other risk that doesn’t align with your business goals, we have the right expertise in our global network to appropriately evaluate and develop a suitable solution.

Service offerings | Captive Solutions
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