Hamilton
05 May 2017
Reporter: Mark Dugdale

BDA launches Bermuda Risk Directory


The Bermuda Business Development Agency (BDA) has launched a new digital portal aimed at connecting insurance customers with the island’s risk management providers.

The Bermuda Risk Directory offers access to the island's brokers, as well as insurance, reinsurance, captive insurance, and insurance-linked securities sectors.

The Bermuda Risk Directory is an update of the Bermuda Market Solutions website and booklet, which Deloitte was commissioned to review.

"We're excited to launch this intuitive, robust digital platform to underscore the capacity and innovation across our insurance and reinsurance market,” said BDA business development manager Jereme Ramsay. “Building on the core principles of its predecessor, this website's advanced search mechanism, navigation and mobile optimisation are designed to help drive new business to our world-respected jurisdiction.”

“We're grateful to our partners at Deloitte, who gathered data from the Bermuda market for this project, and all the participating firms across our risk industry. The concerted efforts of carriers, underwriters, brokers, BDA colleagues, and our web developers, has been instrumental to this project's success.”

With pull-down menus offering access to more than two-dozen lines of business, the new website provides listings for participating companies, a brokers directory and Find-a-Broker search mechanism.

Users will also find an overview of the Bermuda insurance market and links to key industry groups and institutions, such as the Association of Bermuda Insurers and Reinsurers (ABIR), Bermuda International Long Term Insurers and Reinsurers, Bermuda Monetary Authority, and Bermuda Stock Exchange.

“All in one place you can find which Bermuda carriers offer which products,” said ABIR president and executive director Brad Kading. “It's a thriving market, one of the world's top three, and this is the best way to figure out which carriers can best serve your needs.”

BDA will manage the site, working with Deloitte and design agency Cosmic to update the complimentary participant listings and data every six months.

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