Case Study: Actuarial Modeling Support for Bermuda Regulatory Transition and US Resource Constraints

Client Need:

A Bermuda-based reinsurance company engaged our firm to identify a senior actuarial modeling consultant to support regulatory-driven model development and enhancements. The initiative required advanced expertise in AXIS, a strong understanding of evolving regulatory frameworks, and the ability to deliver with minimal ramp-up. The client also expressed interest in leveraging this resource to validate existing models and improve efficiency in reserve calculations.

Our Approach:

We identified a highly experienced consulting actuary with a strong background in both Bermuda and US regulatory modeling, including AXIS model conversion, enhancement, and validation across life and annuity products. The consultant brought more than 20 years of actuarial experience, with a track record of solving complex modeling challenges and optimizing actuarial processes.

Impact:

The consultant quickly became a key contributor to the client’s modeling team, delivering high-impact work related to regulatory compliance, reserve methodology, and model performance. Based on the consistently high quality and productivity of his work, the client expanded his role beyond the Bermuda entity to support modeling efforts at its US affiliate.

Outcome:

The consultant played a pivotal role in supporting both entities’ actuarial initiatives, receiving direct praise from senior leadership for his technical acumen and efficiency. His contributions strengthened the client’s actuarial modeling infrastructure during a period of regulatory transition and helped bridge resource gaps across jurisdictions.