Numbers are up for Bermuda Healthcare Forum

Published Apr 5, 2018 at 12:25 pm (Updated Apr 5, 2018 at 12:25 pm)

The two-day Bermuda Healthcare Forum this month has grown in size, beating the sell-out attendance at the inaugural event last year.

Specialist insurance buyers for major hospital systems, long-term care facilities, physicians groups, and health benefits and services providers in North America will be among the attendees.

Some 206 delegates, including 115 overseas guests, have registered for the event at the Hamilton Princess and Beach Club on April 24 and 25.

The forum provides an interactive platform for healthcare industry specialists to explore disrupters in healthcare such as technological developments, identify emerging risks, discuss insurance solutions, and examine lessons learnt from the impact on healthcare by 2017 catastrophes, including hurricanes Harvey, Irma and Maria.

“The Bermuda insurance market has had the privilege of working with North American healthcare providers for over 30 years. During that time, clients have increasingly turned to the Bermuda market for solutions to address their most complex risk-management needs,” said Vivienne Moniz, a member of the forum’s organising committee and senior vice-president and underwriting manager of Excess Casualty Insurance at XL Catlin, a platinum sponsor.

Bermuda is viewed as a market of choice for healthcare liability insurance buyers due to the amount of capacity available, the high standard of contract certainty, and the ability to create new products in response to market needs. Typical insureds include hospitals, academic research institutions, physicians groups, senior and long-term care facilities, assisted-living facilities, behavioural health facilities, blood and organ banks, diagnostic centres, rehabilitation centres, managed care organisations, and clinical research organisations.

“With our respected reputation for innovation, insurance carriers and brokers have responded with flexibility and bespoke risk solutions,” Ms Moniz said. “As healthcare in the US undergoes many changes, we welcome the opportunity to once again bring together brokers, insurance buyers and other risk professionals at this special event to engage in productive discussions and explore opportunities to continue to provide meaningful service and solutions to our clients.”

Global insurers based on the island are able to provide in excess of $350 million in capacity for any single risk and have the ability to write lead and excess layers on an insurance programme. The market has a solid track record of paying claims, has been consistent through all market cycles, and provides substantive limits.

Last year’s inaugural forum proved highly successful, selling out capacity after registering 160 delegates — including more than 100 from overseas, along with a dozen accompanying guests, and nearly 60 Bermuda-based attendees. Industry organisers say feedback indicated even before registration opened, the second event would surpass those numbers.

“Attendees at last year’s forum provided overwhelmingly positive feedback on the quality of content and their appreciation for the valuable networking opportunities presented,” said Amy Wolfinger, vice-president of Aon Bermuda, a platinum sponsor. “For the second year in a row, we are excited to bring together industry specialists with our clients, who travel from all over the US to Bermuda, to share trendsetting dialogue and advance insurance solutions for the healthcare industry.”

Forum sponsors include numerous Bermuda-based brokers and commercial insurance companies, as well as the Bermuda Business Development Agency. The BDA’s chief executive officer Ross Webber will be a speaker at the event.

The forum agenda has been developed around the ever-changing industry and ways in which roles of healthcare providers and administrators are continuously evolving. Session speakers include more than 20 Bermuda insurance industry experts, along with healthcare leaders from the US.

For a full list of forum sponsors and other details, go to: www.bermudahealthcareforum.com

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