Economic balance sheet & valuation
Review insurance-liability calculations, assumptions, risk-margin inputs, asset and liability data, methodology, reconciliations and supporting evidence relevant to the applicable economic balance sheet.
Regulatory results supported by evidence
Strengthen the analysis behind the Bermuda regulatory result.
The Bermuda framework brings together economic valuation, risk-based capital, governance and regulatory reporting. Confidence in the result depends on traceable data, well-supported actuarial judgements, controlled models and a clear explanation of movements, sensitivities and limitations.
Arocha & Associates provides these services in collaboration with David Schraub Actuarial Consultancy. Together, we support insurers and reinsurers with focused actuarial review, independent challenge and implementation assistance. An engagement may address a specific calculation or filing issue, or examine the connections across valuation, capital, models, controls and management interpretation.
The services described on this page comprise actuarial and analytical advisory support delivered by Arocha & Associates in collaboration with David Schraub Actuarial Consultancy. Unless expressly included in a written engagement, they do not constitute Bermuda legal or tax advice or locally regulated representation. Bermuda Monetary Authority’s insurance document centre.
Collaborative delivery
Complementary actuarial expertise, coordinated around the assignment.
The services described on this page are delivered in collaboration with David Schraub Actuarial Consultancy. The collaboration combines senior actuarial experience across valuation, capital, risk management, regulatory frameworks, models and governance.
Each engagement is scoped around the client’s entity, regulatory question and required outcome. Responsibilities, deliverables and lines of accountability are agreed at the outset, giving the client a coordinated team and a clear point of contact.
Core support
Connect valuation, capital and governance.
BSCR, capital & sensitivities
Trace exposures and model inputs through risk charges and aggregation; test movements and sensitivities; and support scenario-based or insurer-specific analysis where it is relevant to the entity and question.
Models, controls & reporting
Assess data quality, model governance, validation evidence, change control, documentation and review processes supporting regulatory reporting and management understanding.
Common questions
Focus the review where uncertainty can affect the conclusion.
- Are valuation and capital inputs complete, traceable and reconciled?
- Can movements be separated between business, economic, methodological and regulatory drivers?
- Are material assumptions, expert judgements and model limitations supported by evidence?
- Do validation, change control and data-quality processes operate as documented?
- Can management explain the result, key sensitivities and available actions?
- Where an adjustment is contemplated, is the rationale and supporting analysis sufficiently clear?
A traceable review cycle
Follow the conclusion back to its evidence.
The work is scoped around the entity and regulatory question, then follows the result through data, methodology, calculation, control and management explanation.
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01
Define
Confirm the entity, insurance class, reporting period, requirement and decision in scope.
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02
Trace
Follow source data, assumptions, methods, models, calculations and reconciliations.
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03
Challenge
Test methodology, sensitivities, controls, validation evidence and limitations.
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04
Strengthen
Prioritise findings, improve supporting evidence and clarify management communication.
Typical outcomes
A more transparent and defensible regulatory process.
A focused independent review of valuation, capital or regulatory-reporting evidence.
Clearer reconciliation of data, assumptions, calculations and period-on-period movements.
Prioritised findings across methodology, models, controls, governance and documentation.
Stronger supporting material for management, internal review, audit and regulatory engagement.
Start with the regulatory question
Where does the Bermuda framework create the most uncertainty?
Together with David Schraub Actuarial Consultancy, we can help define the issue, identify the evidence requiring attention and scope proportionate actuarial support, coordinating with local legal, tax or regulatory advisers where necessary.