Cyber risks, healthcare and risks associated with medical marijuana were among the insurance issues discussed at the Bermuda Insurance Institute’s (BII) Bermuda Insurance Market Conference.

Experts from the Island and overseas gave presentations and participated in panel discussions in front of about 100 attendees at O’Hara House earlier this month.

A ‘big data’ analytics panel included presenters from Praedicat (Los Angeles), Arium (London) Advera Health (Boston) and Pharm3r (New York).

Attorneys from the US firm of Traub Lieberman Straus & Shrewsberry were among those on the panels that focused on cyber and medical/legalised marijuana risks.

Local experts also shared their knowledge of professional lines with emphasis on the rise of the derivative lawsuit. This panel included individuals from Allied World Assurance Company and Aon Financial Services group.

Also included in this year’s conference were panels on railroad liability with professionals from Price, Forbes, & Partners (Bermuda), Aon, and Endurance.

Additionally, XL Catlin led a panel highlighting unconventional healthcare risks with panellists from XL Catlin, Hiscox, and Integro. XL Catlin also led a legal panel with experts from Bermuda and the US.

The Association of Bermuda Insurers and Reinsurers (ABIR) gave a presentation on Bermuda’s navigation of international regulatory developments and the Bermuda Business Development Agency encouraged those present to be ambassadors for Bermuda and our role as a key off shore destination for insurance practice.

Sir Russell Coutts, chief executive officer of the America’s Cup Event Authority, gave the keynote address.

Conference chairman Shannon Totten said: “We have embraced the changing needs of the industry’s intellectual capital in recent years by vastly broadening our offerings to address all career stages; from the introductory level up to executive leadership courses from institutions such as Wharton and Harvard.”