BDO Consulting Expands Insurance Advisory Services
BDO Consulting Expands Insurance Advisory ServicesPatrick Ruppe
Bliss Integrated Communication
Appoints Actuary James Evans as National Practice Leader
New York – Jan. 24, 2017 — BDO Consulting, a division of BDO USA, LLP, one of the nation’s leading professional services organizations, today announced the expansion of the Insurance Advisory Services practice, appointing James Evans as managing director and National Practice Leader.
An accredited actuary, Mr. Evans joins BDO with more than 20 years of experience in the insurance and reinsurance industries, where he has helped organizations quantify and price for key risks, implement and support compliance programs, streamline operations and increase profitability.
Combining BDO’s deep insurance industry knowledge with the firm’s data analytics and data visualization capabilities, the Insurance Advisory Services practice will provide a range of actuarial services, predictive modeling, data management and machine learning tools that enable insurance companies to make informed, data-driven decisions. Risk and capital management services include practical modeling and business transformation solutions designed to help clients spotlight gaps in their current enterprise risk management plan, predict and plan for future potential risks, and identify variables that will impact overall profitability and growth.
"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," said Carl W. Pergola, executive director of BDO Consulting. “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.”
“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,” said Imran Makda, co-leader of BDO’s Insurance Industry Group. “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.”
“The use of predictive modeling to help insurance companies develop competitive pricing strategies and quantify risks has taken a huge leap in recent years,” said Mr. Evans. “By building an insurance risk management practice utilizing BDO’s sophisticated suite of business analytics and valuation services, we can offer more integrated data-centered solutions that will help our clients make smarter decisions.”
Mr. Evans has worked on numerous consulting engagements in both the United States and Bermuda, where he has helped organizations build risk management systems, navigate national and international regulatory demands, and optimize growth and profitability. Prior to joining BDO, Mr. Evans worked as a chief actuary for a Bermuda captive reinsurer, where he led a team of actuaries preparing for the European Solvency II regulatory changes. Previously, he worked as actuarial director at a large accounting and consulting firm, specializing in reinsurance industry engagements in the firm’s Advisory Group. He has also worked with investment, audit and reserving board committees at a number of insurance companies. Mr. Evans earned his Bachelor of Science in Mathematics at Georgia State University.
About BDO Consulting
BDO Consulting, a division of BDO USA, LLP, provides clients with Financial Advisory, Business Advisory and Technology Services in the U.S. and around the world, leveraging BDO’s global network of more than 67,000 professionals. Having a depth of industry expertise, we provide rapid, strategic guidance in the most challenging of environments to achieve exceptional client service. For more information, please visit www.bdo.com.
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, advisory and consulting services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and more than 500 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of 1,400 offices in 158 countries.
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com.