Case Study: Embedded Actuarial Consultant Enhances Modeling Infrastructure Across U.S. and Bermuda Entities

Client Need:

An asset manager with strong affiliations to both a US life insurance carrier and a Bermuda-based reinsurance entity engaged our firm to identify a skilled actuarial consultant. The client was facing multiple parallel initiatives, including a transition to new asset projection processes, model documentation and versioning enhancements, regulatory reporting modernization, and executive-level analytics development. The ideal candidate needed to possess deep experience in life insurance modeling, cross-border regulatory reporting, and automation of manual processes, all within a complex actuarial modeling environment.

Our Approach:

We introduced a credentialed actuarial consultant with a track record of delivering high-impact results across modeling, reporting, and automation initiatives. With over a decade of experience, this consultant had previously served as a lead model developer for M&A due diligence, a contributor to large-scale modernization efforts at major insurers, and an advisor to senior leaders on cross-jurisdictional regulatory projects.

Key Contributions:

• Asset Modeling Transition: Led the effort to integrate third-party asset projections into the existing modeling framework, creating a robust process for ingesting, reconciling, and validating new data sources to support regulatory and financial reporting.
• Model Governance Improvements: Provided strategic recommendations for transitioning to a more modern modeling platform with built-in change tracking, while maintaining model stability during ongoing financial reporting cycles.
• Efficiency Gains: Developed automation tools and Excel-based interfaces to streamline model input/output processes, reducing turnaround times and improving reproducibility across valuation cycles.
• Cross-Team Impact: Due to the consultant’s effectiveness, their scope was expanded to include support for the U.S. insurance affiliate. Leadership cited this consultant as one of the most impactful contributors to the actuarial function in recent years.

Outcome:

This engagement successfully addressed short-term capacity constraints while delivering long-term process improvements across both the Bermuda and US entities. The consultant’s unique combination of technical depth, regulatory fluency, and process mindset enabled the client to confidently advance several high-priority actuarial initiatives.