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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Forensic Accounting
Organisations may undergo some type of dispute or internal investigation during their lifetime. Our Forensic Accounting team can seek evidence that can make the difference between finding the truth or being left in the dark.
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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.
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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.
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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.
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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.
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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.
Actuarial
Today, (re)insurance companies and captives play a critical role in all aspects of business. They enable firms of all sizes to both thrive in growth markets and to weather out less favourable conditions. Getting the balance right can be challenging, whether from increased regulatory requirements or underwriting cycles, developments such as new technologies, increased competition and novel product offerings can compound the complexity.
As the volume and variety of developments in the industry continues to grow apace, (re)insurance providers and captives are experiencing issues in securing specialist actuarial expertise.
New compliance requirements around developments such as IFRS 17 and US GAAP Long Duration Targeted Improvement (LDTI), the climate change and sustainability agenda, along with AI and machine learning applications in the (re)insurance industry suggest that constant change is the new normal to which companies must adapt, and the need for specialised knowledge and experience is on the rise.
As well addressing the challenges of the ever changing (re)insurance and captive environment, we offer support with Pillar I reporting requirements such as the fair value calculation of Economic Balance Sheet (EBS) Technical Provisions and the Bermuda Solvency Capital Requirement (BSCR). We also help support Pillar II & III reporting including the Commercial Insurer’s Solvency Self Assessment (CISSA) and the Financial Condition Report (FCR) and offer our services in reviewing Loss Reserve Specialist Opinions (LRSO).
Our Services
Why Grant Thornton
Grant Thornton Bermuda offers a broad range of actuarial services to Life, Health, Property & Casualty (re)insurers & captives. 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 across the traditional areas of pricing, reserving, capital modelling and risk management.
