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ARTICLE · 09 FEBRUARY 2018

Bermuda Ideal Locale For Insurtech Captives

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There is no denying that technological developments are continually changing the way we live.

BermudaWealth Management

 There is no denying that technological developments are continually changing the way we live. Some of these developments have been in, and will increasingly be seen in, the insurance and reinsurance space.

Many will have heard of 'fintech', a term described at the recent World Economic Forum as the use of technology and innovative business models in financial services.

Two insurance-related derivatives of fintech are 'insurtech' and 'reinsurtech'. These terms are used to describe the various emerging technologies and innovative business models that have the potential to transform the insurance industry and reinsurance industry respectively (hereinafter used interchangeably as insurtech).

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