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Advisory
Audit
Insurance
Financial Accounting and Advisory Services (FAAS)
Tax

Advisory

Dynamic organisations need a broad range of advisory services to support their ambition and growth. See Overview

Actuarial
Grant Thornton Bermuda offers a broad range of actuarial services spanning life insurance, non-life insurance, and health insurance. Offering actuarial expertise and integrated services across the evolving data analytics and modelling universe, Grant Thornton’s team of experts and strong international network can provide a range of solutions tailored to your actuarial requirements.
Business Risk Services
Grant Thornton can help your organisation successfully manage risk, while embracing innovation and harnessing the right technology to deliver effective customer centric solutions tailored to your specific needs.
Consulting
The Grant Thornton FS Consulting team have a wealth of experience across a wide range of issues. From banks to insurance companies, the FS Consulting team have branched into all areas of Financial Services. Our FS Consulting team can help you with an array of issues, and guide you through the journey.
Corporate Finance
Grant Thornton’s Corporate Finance team has built up a vast range of experience providing a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
Data Analytics
Grant Thornton has the expertise required to ensure you succeed in your analytics proposition. We combine excellent technical skills in data analytics and machine learning, with a deep understanding of your business and the insurance industry.
Digital Risk
Grant Thornton provides a range of solutions to the digital risk issues facing organisations today. Our highly-qualified and experienced security experts can assist by advising you on your specific requirements, giving you peace of mind that your cyber risks are minimised.
Digital Transformation
Our Digital Transformation team works closely with business leaders to develop and deliver digital strategies and operating models (enterprise-wide, specific functions or shared services) providing new or enhanced capabilities, while driving efficiency.
FinTech
Grant Thornton’s cross-functional, dynamic team of specialists can help with your FinTech needs. Whether in supporting existing market participants looking to innovate in products and services, or new entrants seeking to upscale their FinTech businesses within the complex financial services environment, we have the solution for you.
Forensic and Investigation Services
Organisations may undergo some type of dispute or internal investigation during their lifetime. Our Forensic and Investigation Services team can seek evidence that can make the difference between finding the truth or being left in the dark.
Objectives and Key Results (OKRs)
Objectives and Key Results (OKRs) is a goal setting framework that helps teams, individuals and organisations set and track measurable goals. At Grant Thornton we understand the highly competitive and increasingly demanding environment in which your organisation operates, along with constant pressures to grow and innovate.
People and Change Consulting
Grant Thornton engages with clients to effectively build and implement the learning, development and career progression frameworks necessary to attract and retain first-rate talent in today’s dynamic workplace.
Prudential Risk
Our Prudential Risk Advisory Team of specialists engages with clients on a broad range of issues within the financial services sector, developing and implementing tailored strategies to manage and mitigate many types of financial risk.
Quantitative Risk Services
Our Quantitative Risk team comprises more than 20 specialists educated to postgraduate level in relevant disciplines including Mathematics, Statistics, Engineering, Computer Science and Econometrics.
Sustainability Desk
Grant Thornton’s team of experts provides a wide range of sustainability solutions, combining our knowledge of sustainability with our deep experience in providing professional services.

Audit

The Grant Thornton Audit team offers that expertise and knowledge along with a horizontal approach to solving clients’ problems and queries. Clients get access... See Overview

Insurance

Climate change, the gig economy, robotics and automation, AI, and continuing regulatory change are just some of the features of the insurance landscape. New... See Overview

Financial Accounting and Advisory Services (FAAS)

Our team of experts here at Grant Thornton is committed to providing best-in-class solutions to help our clients effectively overcome the hurdles associated... See Overview

Tax

Given Bermuda's very attractive tax incentives for overseas investors, our team can advise on all matters relating to expatriate and international taxes. We... See Overview

Insurance

Surfing the tides: Embracing proposed enhancements to the regulatory regime and fees for commercial insurers

By:

Andrew Howie,

Tanya Beattie

03 May 20231 min read

In February 2023 the Bermuda Monetary Authority (BMA) published a consultation paper outlining proposed enhancements to their regulatory regime and fees for commercial insurers.

This consultation paper aims to ensure ongoing adequacy of the regulatory regime for commercial insurers, to improve upon the detection of new risks and to enhance the level of accountability, governance, disclosures and transparency.

Targeted improvements focus on

Some of these proposed amendments require significant work to ensure implementation readiness and ongoing compliance. These changes are expected to have far reaching impacts on not only the financial results but also on multiple areas of insurers’ business-as-usual processes and governance. A consequential increase in operational efforts and overall governance and oversight processes is expected.