Hamilton, Bermuda – PwC Bermuda is pleased to announce the expansion of its life actuarial capabilities, underlining the firm’s commitment to providing premier services and expertise to clients. The Bermuda market continues to see significant growth, with Bermuda International Long-Term Insurers and Reinsurers (BILTIR) now representing over 70 companies supporting more than $1 trillion in life insurance reserves.
By enhancing local expertise, PwC Bermuda aims to support the life reinsurance market’s growth and enable companies to better manage risks, optimize capital, and ultimately drive performance.
The firm’s comprehensive solutions for life reinsurers, include SBA model validation and initial build services, ensuring that the development of SBA models meet rigorous BMA approval standards. Our services also include Approved Actuary services, providing life reinsurers with external actuaries to fulfill all BMA mandates effectively; BSCR support; capital modelling; deals; pricing and internal audit support.
“The global life reinsurance market presents vast opportunities, and Bermuda remains at the heart of this expansion,” Damian Cooper, Partner, PwC Bermuda, said. “By strengthening our capabilities and specialized actuarial knowledge and skills we can help to ensure sustainable growth and innovation within Bermuda’s thriving life reinsurance landscape.”
PwC Bermuda's increased focus on actuarial services is driven by factors including the rising demand for asset intensive life reinsurance, the impact of regulatory evolution in Bermuda and beyond, the shift towards more sophisticated risk modeling, and the need for tailored solutions that address company-specific challenges.
“As the life reinsurance market in Bermuda continues to mature and expand, we are excited to enhance our services and expertise to better serve our clients,” said Jignesh Mistry, Director, PwC Bermuda. “Our strengthened actuarial capabilities are key in supporting innovative solutions and strategic growth for companies operating within this dynamic sector.”
PwC’s life reinsurance and actuarial teams look forward to attending the 2025 Bermuda International Life & Annuity Conference from 15-16 September.
About PwC
At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 370,000 people in 149 countries. Across audit and assurance, tax and legal, deals and consulting, we help build, accelerate, and sustain momentum. Find out more at www.pwc.com/bermuda
Contact us
