Ashish specialises in identifying customer and market needs and delivering effective automated solutions to address them. He works closely with clients, industry experts and the Clearwater development organisation to deliver market leading solutions.
Ashish is a chartered accountant and holds a bachelor’s degree in Applied Accounting.
On 9 December, the Bermuda Monetary Authority (BMA) published the 2015 BSCR models and the accompanying Capital and Solvency Return Instruction Handbook for individual and group insurers.
The 2015 model includes a variety of trial run reports that are identical to the regular reports, with the exception of values that should be calculated using the Economic Balance Sheet (EBS) framework. EBS is based on GAAP, and on the premise that assets and liabilities should be valued on a consistent economic basis. Per the Bermuda Monetary Authority Consultation Paper: Economic Balance Sheet Framework, ‘This common principle postulates the reduction or elimination of accounting mismatches where no underlying economic mismatches exist.’
The complete list of BMA reports relating to investments include:
Contact Clearwater to learn how we support Bermuda insurers with regulatory, accounting, and analytics reporting.