BDO USA, an organisation offering professional services in finance and re/insurance, today announced plans to expand its Insurance Advisory Service with James Evans set to lead the operation as managing director and national practice leader.
Evans is an accredited actuary, with over 20 years experience in insurance or reinsurance and has previously worked with companies in quantifying and pricing key risks, setting up compliance programs, and streamlining operations.
The new insurance advisory practice will assist re/insurance companies with data-driven decisions through combining the firm’s data analytics with its actuarial services and predictive modelling.
Executive director of BDO Consulting, Carl Pergola, said; “Emerging technologies and advancements in the ability to analyze information are challenging traditional insurance models and forcing the industry to find new ways to retain market share and mitigate risk.
“Under Jim’s leadership, BDO’s insurance advisory and business intelligence capabilities will help clients invest in the right growth strategies and new product development opportunities to drive future success.”
BDO’s data-driven modeling and business transformations solutions will include helping companies troubleshoot and improve risk management strategies and adapt these according to future risk predictions.
Co-leader of BDO’s Insurance Industry Group, Imran Makda, said; “With more external factors at play than ever before―including greater compliance demands, a volatile marketplace and increasing cybersecurity risks―having a solid risk management strategy is critical to insurers’ continued success and growth.
“Jim’s deep knowledge of the insurance industry, extensive experience as an actuary and strong analytical skillset will be a significant value-add to our insurance clients.”
Before joining BDO, Evans worked as chief actuary for a Bermuda captive reinsurer – leading a team of actuaries in preparing for European Solvency II regulatory changes.