Transamerica Life Bermuda Tech Stack

High-net-worth life insurer specializing in complex underwriting and wealth transfer planning

Insurance Hamilton 201–500 employees Founded 2005 Privately Held

Transamerica Life Bermuda underwrites large-value life insurance for HNW individuals and families, with a tech stack anchored in legacy systems (COBOL, VBA, Excel) and modern-era tools (C#, SQL, GitHub). The hiring profile—finance-heavy with senior and manager roles—paired with projects spanning actuarial system development, policy administration enhancement, and IFRS17 compliance work, indicates ongoing infrastructure modernization alongside regulatory pressure. Pains cluster around data governance, process efficiency, and multi-standard financial reporting (US GAAP vs. IFRS17), suggesting the organization is navigating both legacy system constraints and tightening reporting regimes.

Tech Stack 12 technologies

Core StackC# GitHub Microsoft Office Prophet VBA Excel REST COBOL SQL Visual Basic for Applications Outlook Word

What Transamerica Life Bermuda Is Building

◆Challenges

Process optimization for ifrs 17 reporting
Data governance compliance
Reinsurance strategy evaluation
Process inefficiencies
Meeting tight deadlines
Reconciling us gaap and ifrs17 results
Ad hoc us gaap reporting
Strengthening finance user environment
Improving finance data flow

▲Active Projects

Rafm model run for projected cash flow and reserves
Analysis of us gaap vs ifrs17 differences
Annual orsa exercise
Stress testing assignments
Capital management (rbc2)
Policy administration system enhancement implementation
Peripheral systems enhancement implementation
Bau process and movement analysis
Actuarial system development
Product development and pricing process

Hiring Activity

Accelerating9 roles · 4 in 30d

Department

Finance

Ops

Actuarial

Engineering

Seniority

Senior

Manager

Intern

Mid

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About Transamerica Life Bermuda

Transamerica Life Bermuda is a high-net-worth life insurer headquartered in Hamilton, Bermuda, with 201–500 employees. The company serves HNW individuals and families with complex underwriting and wealth planning products, drawing on heritage spanning nearly 180 years through parent entities Aegon and Transamerica. Operations span Bermuda, China, and Singapore. Core activities include policy administration, actuarial modeling (RAFM cash flow and reserve projections), capital management (RBC2), and stress testing. The organization manages two financial reporting frameworks (US GAAP and IFRS17) concurrently, reflecting its regulatory posture and international customer base.

HeadquartersHamilton

Company Size201–500 employees

Founded2005

Hiring MarketsChina, Bermuda, Singapore

Frequently Asked Questions

What tech stack does Transamerica Life Bermuda use?

The company runs on Microsoft Office, Excel, VBA, COBOL, C#, SQL, Prophet, REST, GitHub, and Outlook. The mix of legacy (COBOL, VBA) and modern tooling (C#, GitHub, SQL) reflects ongoing infrastructure transition.

What projects is Transamerica Life Bermuda working on?

Active initiatives include RAFM cash flow modeling, IFRS17 vs. US GAAP reconciliation, annual ORSA exercise, stress testing, policy administration system enhancement, actuarial system development, and product development/pricing process design.