Age: 33

Role: Senior Analyst, Insurance, Authorisations, Bermuda Monetary Authority (BMA)

What is your job? As a Senior Analyst in the Insurance department, I assist with all relevant matters related to the department’s supervision of licensed Bermuda insurers and insurance intermediaries. This includes reviewing and analysing financial data provided by insurance entities, in order to process regulatory requests or applications they make under provisions of the Insurance Act 1978 and its related regulations. It also involves monitoring company financial performance using statutory financial returns, management accounts and other management information companies submit to the BMA, to ensure they are in compliance with applicable laws, regulations, policies, plans and procedures.

What is your favourite part of the job? My favourite part of the job is the fact that the insurance industry is constantly evolving; work at the BMA is never dull or monotonous. The dynamics of the industry have a direct impact on the day-to-day business at the BMA.

What is your least favourite part of the job? Nothing!

What is your most interesting experience at work? What I find most interesting about my job is the fact that we have direct interactions with the more senior staff employed by the larger insurance/ reinsurance companies, lawyers, auditors, actuaries, other regulators, etc. Each of those contacts are experts in their respective fields. These interactions not only serve as good networking opportunities, they also help to expand my awareness of the industry as a whole, whilst enhancing my technical skills.

What would you be doing otherwise? If I hadn’t chosen a career at the BMA I would probably be working in the accounting department of one of the insurance/reinsurance companies. My role within that particular firm would have likely been very ‘routine’ as it would have been tailored only to that specific company.

In contrast, my work here in the Authorisations team at the BMA varies significantly from one day to the next. That’s because although the underlying requests may be similar from one application to the next, the work required and the level of due diligence varies for each one depending on the entity’s specific set of circumstances.