Industries

You’re competing in a complex environment, yet must protect and grow your business while managing multiple challenges, including the competition, supply chains, talent, accounting standards, changing technology and probably more than a handful of regulators and tax authorities.

Our industry-focused PwC firms operating in the Caribbean strive to anticipate and address your business needs. We have highly talented and experienced people with the right skills and capabilities to tackle your issues and take advantage of opportunities in the marketplace.

With the best network of consulting firms in the Caribbean, we can deliver quality services no matter where you operate.

Find your industry below. And let's talk.

Asset management

The asset management sector thrives in the Caribbean. In particular, the Cayman Islands and Bermuda provide full-service financial centres that support internationally recognised hedge funds, private equity funds, investment advisers and broker-dealers. Yet asset managers and fund companies are facing a number of challenges, including:

  • The demand for alpha capture, which continues to drive product innovation
  • A complex and far-reaching regulatory agenda
  • A rethink of risk measurement and management
  • Global information reporting requirements arising from new regulations, such as FATCA
  • A constantly shifting tax environment
  • Investors and other stakeholders requiring greater transparency
  • Evolution of independent governance models

We’ll help you to address these difficult challenges. Having recognised the importance of the industry early on, we have the talent and know-how to deliver quality services and advice to our clients. We provide assurance, tax, consulting and corporate services to many of the largest alternative investment companies. We can help you:

  • Meet your financial reporting obligations to stakeholders and regulators
  • Assess and improve governance structures
  • Manage regulatory complexity and associated reporting requirements.
  • Manage implementation of and compliance with FATCA
  • Attract and develop human capital
  • Comply with tax law as it affects partnership reporting and the offshore fund industry
  • Develop tax-efficient structuring
  • Assess internal controls, regulatory compliance and risk management systems and processes
  • Establish and maintain effective corporate legal structures

Learn more about the latest hot topics, issues and trends in asset management.

Banking and capital markets

Opportunities for the banking and capital markets sector lie in greater cost efficiencies, superior customer engagement, smarter distributions channels, new domestic and offshore markets, and strong IT systems. But the sector faces challenges on many fronts:

  • Regulatory reform
  • More stringent capital requirements
  • Increased risk management considerations
  • Cost and complexity of technologies
  • Enhanced reporting requirements (FATCA and other initiatives)
  • Low interest rates

PwC professionals have worked with banking and capital markets companies for decades. Our people offer ideas, technology innovations and industry experience to help our clients focus on what they do best. We help you:

  • Understand and comply with International Financial Reporting Standards
  • Work through complex regulatory challenges
  • Implement policies to comply with FATCA and other global initiatives
  • Create policies to navigate risk and streamline operations
  • Deliver cost-effective technology for your clients
  • Support growth and cost management
  • Increase the value from mergers and acquisitions
  • Plan for and respond to crises
  • Grow and develop human capital
  • Provide corporate secretarial and advisory support

Read Retail Banking 2020 to find out more about the future of the retail banking industry.

Capital projects and infrastructure

Investment in infrastructure creates jobs and fuels prosperity in the Caribbean. It can create opportunities for infrastructure operators, engineering and construction companies, materials suppliers and financial firms. Large-scale capital projects sometimes face cost and time overruns or fail to meet business objectives, which may threaten the implementation of business strategy, divert management focus or lead to refinancing or even insolvency.

At PwC, our professionals combine engineering and finance skills to serve the entire asset life cycle of capital projects and infrastructure, including assistance with governance, risk management and compliance. Our teams can advise you on:

  • Project efficiency
  • Project disputes
  • Project management
  • Project diagnostics, including independent financial reviews and due diligence
  • Governance, risk and compliance

When public-private partnerships are an option, we work with both governments and contractors to:

  • Identify partners
  • Raise funding
  • Conduct value-for-money assessments and develop strategy
  • Turn around distressed projects
  • Provide accounting services
  • Develop and implement effective legal and joint venture structures
  • Provide corporate secretarial and advisory support

What causes cost overruns?

See PwC’s report: Correcting the Course of Capital Projects

Consumer and industrial products and services

Manufacturing, distribution and retailing of a wide range of consumer and industrial products are commonplace for home-grown firms in the Caribbean. While multinationals play a vital role in the development of Caribbean market economies, local conglomerates are exploring opportunities in lucrative overseas markets. Adding to traditional business challenges are more empowered consumers who expect greater value and are quick to voice their opinions through both traditional and social media channels.

We’ll help you with these challenges, as well as the more traditional issues facing your business. Wherever your manufacturing, transportation, logistics, or retail and consumer business ventures – we’ll help you navigate the complex regulatory, taxation and accounting issues that you face every day, including:

  • Revenue growth and margins
  • Inventory
  • Cost control
  • Investment trends
  • Mergers and acquisitions
  • Product life cycle management
  • Customer relationship management
  • Sales and operations
  • Integrated business planning
  • Service-oriented architecture technologies
  • Financial reporting and internal controls
  • Tax structuring
  • Governance, risk and compliance
  • Entity creation and corporate secretarial and advisory support

Read more about the latest issues and trends facing the manufacturing and retail and consumer sectors.

Government and public services

Governments are moving toward a more citizen-centric, performance-based delivery model. With continued economic challenges in the short term, the public sector increasingly must do more with less. Across the Caribbean, government officials struggle to measure accountability and performance. Success requires changes to:

  • Develop and support department-wide strategies
  • Manage risk and compliance
  • Harness business intelligence and analytical capabilities

Working together with our clients – across local government, health, education, transport and international development – we’ll seek answers on how to increase efficiencies while improving quality and outcomes. Our professionals bring hands-on knowledge and experience with systems standards, internal controls and financial reporting. We help government agencies regionally and globally to solve complex business issues and add value to performance through our service offerings in:

  • Human capital
  • Enterprise effectiveness
  • Financial management
  • Governance, risk and compliance
  • Program management
  • Technology
  • Legislative analysis and drafting

Visit PwC’s Public Sector Research Center for more information and to read our latest insights.

Healthcare

Health systems around the world have the same objective: to finance and deliver the highest possible quality of care to the most people at the lowest possible cost. Although healthcare challenges can vary from region to region, we help healthcare providers, payers and pharmaceutical companies across the globe adapt to the growing demand of governments and consumers for greater value from their healthcare investment. From financial reporting to patient throughput, we have the knowledge and experience that healthcare companies need.

Our highly respected, research-based healthcare thought leadership is available free on pwc.com. Thought leadership is just one of the ways we’re helping the global healthcare industry deliver better care to patients and improve the health of people worldwide.

PwC also assists government agencies, health insurance plans, healthcare providers, pharmaceutical companies and trade associations in quantitative and statistical analysis and focused research in health economics. We have expertise in many other aspects of healthcare, including:

  • Electronic health records
  • Public-private partnerships
  • Operational reviews
  • Restructuring

See our latest publications on healthcare’s most critical issues.

Insurance and reinsurance

Transformational changes on the horizon are putting existing insurance business models at risk. The insurers that adapt will focus keenly on the customer, build their analytical capability and have a superior capacity for innovation and reinvention.

In the Caribbean, the insurance industry faces a particularly challenging environment with regulatory pressures, changing trading blocks and fierce, relentless competition.

Our insurance and reinsurance practice can help. In Bermuda and across the Caribbean, we are the leading provider of professional services to life, commercial, captive, and casualty insurers and reinsurers, and insurance brokers. Our professionals can help your company manage the issues, trends and challenges you face, including:

  • Business strategy
  • Corporate governance
  • Risk and capital management
  • Fraud risks and controls
  • Policy administration, claims and billing transformation
  • Actuarial issues
  • Regulatory compliance
  • Financial reporting, including insurance contracts and statutory accounting
  • Taxation
  • Mergers and acquisitions
  • Entity creation and corporate secretarial and advisory support

Learn more about the latest insurance and reinsurance issues facing the industry.

Telecommunications, and information and communications technology

The telecommunications, and information and communications technology sectors have a profound influence on our lives today. Multiple drivers continue to transform our increasingly mobile world, including:

  • Disruptive innovation
  • Social media
  • Device and enterprise convergence
  • Explosion and protection of data
  • Regulation mandates requiring companies to adapt internal systems and controls

PwC’s Global entertainment and media outlook: 2014-2017 contains insight and analysis of all the latest sector trends.

PwC has the sector knowledge and experience through our work with a range of companies in these sectors – large and small. We can help you to solve your most pressing business issues through our services:

  • Traditional assurance and business advisory services
  • Global human resource solutions and executive search and selection
  • E-business services, including website efficiency and security and Internet strategy
  • Corporate finance
  • Tax compliance and structuring
  • Governance, risk and compliance
  • Entity creation and corporate secretarial and advisory support
  • Intellectual property protection

Where will the disruptions in mobile innovation arise over the next five years? See PwC’s Mobile Innovations Forecast.

Tourism, hospitality and leisure

Tourism, hospitality and leisure remain important economic drivers across the Caribbean, with ample room for growth. Yet the sector is highly sensitive to economic and competitive market conditions.

Companies in this sector need to meet the challenges of today’s market by understanding and establishing strategy to address:

  • Consumer expectations and trends
  • Economic conditions
  • Technology
  • Competition
  • Concerns for public safety

In the Caribbean, the tourism, hospitality and leisure sector is still feeling the lingering effects of a slow global economy but is beginning to turn the corner. Find out more about the issues facing the industry and how it’s managing an uncertain environment. We help sharpen your business performance and develop a recovery strategy tailored to your target markets. Our practitioners have the specialised experience and practical advice to help you with:

  • Market research and strategy
  • Due diligence
  • Financial analysis
  • Business planning and economic impact analysis
  • Tourism studies
  • Performance improvement
  • Tax-efficient operating structures
  • Tax compliance
  • Legal services
  • Governance, risk and compliance
  • Entity creation and corporate secretarial and advisory support

Utilities, energy and mining

Economic development for the Caribbean depends on a sufficient supply of energy and wise use of our natural resources. Utilities and energy and mining companies are keenly aware that they must:

  • Weigh the risks versus benefits of new projects, products and capital investment
  • Address regulatory, safety and environmental concerns

Oil and gas, bauxite and precious metals are not commodities that some readily associate with the Caribbean. At PwC, we know that the reality is quite different. From Trinidad and Tobago, a major player in the regional oil and gas sector, to Jamaica, holder of some of the world’s largest bauxite reserves, we provide professional services, including:

  • Business strategy
  • Financial management
  • Governance, risk and compliance
  • Operational effectiveness
  • Transactions and deals
  • Leadership and people
  • Systems and IT
  • Capital projects and infrastructure
  • Tax and legal structuring
  • Entity creation and corporate secretarial and advisory support

Find out more about the latest sector trends, issues and analysis.