May 2023
The Bermuda Ministry of Economy and Labour has extended its expedited Actuarial Work Permit process until 30 June 2023 while it conducts a policy review. The temporary initiative was announced in April 2022 in response to a high worldwide demand for qualified actuaries.
The expedited process grants employers time-saving benefits, such as waivers on local job advertising, to help them move quickly on hirings and remain competitive in the international job market. In addition, the Department of Immigration has agreed to an expedited turn-around-time of five days for any applications submitted under the qualified actuary initiative.
To qualify for an expedited work permit, a prospective employee must meet the following criteria:
- be a member, with fellowship or associateship status, of one the following actuarial associations:
- Canadian Institute of Actuaries
- Society of Actuaries
- American Academy of Actuaries
- Institute of Actuaries
- an equivalent, and officially recognised, actuarial body in another country
- have at least three years of relevant professional experience in the insurance, reinsurance or consulting industries
Conyers has an experienced team of immigration professionals and attorneys with expertise in work permits, Permanent Resident’s Certificates (PRCs) and employment law matters. If you have any questions or require advice, you can contact our Immigration Team at [email protected].