The 2018 Guernsey Insurance Forum takes the island's captive
sector back to its roots with the theme of 'Creative
Destruction'.
Guernsey's insurance industry's first foray into serving
non-domestic clients started with captive structures. Credited to
economist Joseph Schumpeter in the 1940s, 'creative
destruction' describes the processes by which the old is
replaced by the new.
Guernsey Finance Chief Executive Dominic Wheatley said: "In
another year where international tax reform and Brexit threaten to
disrupt the status quo, we called on Joseph Schumpeter's
science to put today's events in context.
"Fortunately, creative destruction also has positive
potential, which encourages us to look for opportunities amongst
the threats, such as technical innovations and organisational
transformation. I'm sure this very apt theme will prompt some
fascinating discussion from all our contributors."
