Bermuda is an international financial centre with a significant reliance on the insurance industry and North American Geographic risks.
The present international trends of converging insurance, banking and investments operations as well as the opportunities for improved distributions created by e-Commerce provide many opportunities for Bermuda.
Bermuda's limited space requires a stronger emphasis on planning and management of growth in the international financial sector than would be the case in financial centres without our space restrictions.
Bermuda's strong "know your customer" policy of restricting the number of companies that are formed in Bermuda has provided it with an enviable reputation. The OECD and other initiatives have as a core their requirement for "know your customer" and in this respect Bermuda has a regulatory system in place that should be emulated by some of the larger financial jurisdictions.
