The challenge

A prominent financial services firm has recently entered the Bermuda market and established a new Bermuda life reinsurance entity. They utilized Milliman’s expertise to facilitate their market entry, and recognizing Integrate’s superior position as the preferred software provider in Bermuda, they have selected our technology to comply with the Bermuda Monetary Authority’s (“BMA’s”) requirements. With several potential deals under consideration, many of which were competitive, it was crucial to expedite the operational set-up.

Results with Integrate

Partnering with Milliman to implement Integrate, client was able to get up-and-running with the BMA’s Scenario Based Approach (“SBA”) in a production environment within a 1-year timeframe.

Client has also been able to leverage Integrate to do advanced strategic asset allocation, looking at liability-based metrics, as well as being able to test candidate portfolios that reflected the specialty asset classes that the company was investing in.