At the 2025 Bermuda Risk Summit, Chris Newman, President International, ACORD, spoke with ReInsurance Business TV alongside other executives on a variety of topics regarding the Bermuda reinsurance market.
Regarding predictions on the biggest upcoming opportunities for the Bermuda reinsurance market, Newman stated, “There is a huge opportunity to provide innovative insurance solutions for emerging risks across the globe and alternative capital into the marketplace.”
See the full video here.
When asked about the factors that set Bermuda apart as a reinsurance hub, Newman said, “There is a very business-friendly set of regulations and a really good level of collaboration and commitment between the regulator and the marketplace that sets Bermuda up for a good future.”
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Regarding where reinsurance is going right or wrong when it comes to technology and AI, Newman stated, “The industry has really woken up and appreciated the value of standardized data and its importance as a foundation for automation and bringing in new technologies, like AI.”
See the full video here.