Captive insurance professionals are this week congregating in Bermuda, the elder of senior captive domiciles, as buyers are increasingly interested in how the insurance product can help them, and protect them, in the age of technological proliferation.

Artificial intelligence, and its use, is set to occupy the interest of risk managers after US President Donald Trump signalled his intentions towards “Removing barriers to American leadership in artificial intelligence”, the name of his January 23 executive order, empowered through his “Big Beautiful Bill” just taken to congress.

A potential battle brewing between the White House and individual states over who will control regulation of AI, may bring the issue into broader relief for insurance and captives, which are already state controlled.

David Gibbons, captive insurance leader at PwC Bermuda, looks forward to this year's conference and the usual discussion of Bermuda's regulatory strength, market innovation and unparalleled depth of executive talent.

But he is also aware of the issues facing the industry because of the rapid pace of technological changes.

He said: “As technology continues to transform the risk management landscape, the conference will address the challenges and opportunities these advancements bring, highlighting how captives can leverage innovation in an increasingly digital world.”

The 21st Bermuda Captive Conference at the Hamilton Princess & Beach Club is the first on the captive conference calendar since the “Big, Beautiful Bill”. The event consists of three days of discussion through Wednesday, exploring the theme “Reimagining Risk” in an era of rapid technological change.

It will be the first opportunity for risk managers and captive insurance professionals to compare notes in an organised forum on what to look for, and how to move forward should AI be allowed unchecked proliferation.

PwC Bermuda, a longstanding sponsor, will once again host the opening reception on Monday and take part in key panel discussions.

Danielle Moniz, senior manager at PwC Bermuda, is participating in a session ‘Exploring the Ecosystem of Captive Operations’.

She said: “We will discuss how captive owners and representatives from several key service providers work both independently and collaboratively to support captive operations, offering best practices for long-term success.”

Mr Gibbons also emphasised the value for captive owners: “The Bermuda Captive Conference presents a great opportunity for captive owners to hear first-hand from Bermuda industry experts on the best uses of a captive in managing and mitigating risk. Owners should particularly focus on creating tangible value out of existing structures and programmes.”