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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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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 with complex regulatory compliance requirements, especially when entering new markets.
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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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Risk Advisory
Our Risk Advisory team delivers innovative solutions and strategic insights for the Financial Services sector, addressing disruptive forces, regulatory changes, and emerging trends to enhance risk management and foster competitive advantage.
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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.
Adapting to Change in the (Re)Insurance and Captive Landscape
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).
Why Grant Thornton
Grant Thornton Bermuda offers a broad range of Insurance Risk & 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.
