As Bermuda and the global markets with which the Island
transacts move towards the so-called 'new normal', it is
timely to evaluate how developments in technology have already
impacted and present opportunities to further enhance its position
as a leader in the spheres of (re)insurance and insurtech. This
evaluation is not limited to traditional (re)insurance but also
broadens out to include the ILS market in which Bermuda is already
an established leader.
One of the obvious ways in which Bermuda has been able to
contribute to the growing tech sector is by being able identify the
new risks that have been realised as a product of the exciting
innovations. This may be in connection with exposure arising from
assets held by a business (e.g. digital assets or NFTs) or may be
as a result of services provided to clients (e.g. in connection
with the operation of an exchange).
