<< ACTUARIAL SERVICES
The general insurance market has borne the brunt of the impact of the events of September 11th 2001. These markets have hardened and consolidation has occurred in every segment of the market and the competitive environment will be intensified by tougher regulation and opportunistic new entrants. Winning business that has sensible margins, deploying capital sensibly and understanding the pattern of risk in the business – these are central to success. With Bermuda’s thriving insurance and reinsurance industry and the addition of several new large commercial reinsurers to and already impressive list, the need for actuarial consulting services has increased dramatically.
In addition to supporting our audit practice with specialist support for their audits of commercial reinsures and captives, our consulting services to non-audit clients is also increasing. In addition to consulting services we also provide full reserve opinion services. Our actuary is an approved loss specialist under the Insurance Act 1978 and related Regulations and is thus able to assist clients with reserve certificates under the Act. We can also assist our clients with modeling and pricing studies.
Deloitte is one of the leading actuarial services firms in the world, with a particular emphasis on the Property & Casualty field. This position has been attained from a strong US base and the recent mergers with Deloitte of affiliated firms Bacon & Woodrow and Trowbridge Consulting. These two firms which now carry the Deloitte brand are dominant consulting firms in their respective key markets of UK-Europe and Asia-Pacific. The marriage of actuarial consulting firms to a leading accounting firm allows Deloitte to build multi-disciplined project teams with a deep understanding of the various insurance markets around the world.