The Bermuda Business Development Agency will host a virtual panel discussion as part of NetDiligence’s three-part webinar series about cyber-related issues.

The panel, to be held on March 4 from 11am until noon, is entitled “Bermuda Cyber Market: A Jurisdiction Built on Stability and Innovation”.

Prospective attendees can register for the free webinar at www.bda.bm.

The BDA said the panel will discuss how the growing trend towards digital transformation has led to an increase in cybercrime and, consequently, a growing demand for cyber insurance. The current landscape of the global cyber insurance market will be explored in addition to the latest trends and innovative solutions on offer in Bermuda.

Jasmine DeSilva, business development manager for risk and insurance solutions at the BDA, said: “NetDiligence is a leader of networking events for the cyber-risk industry and the BDA is proud to partner with the organisation as part of its special programming series.

“Cyber-risk management is more important now than ever and, as one of the world’s most important insurance and reinsurance hubs with a track record of providing innovative solutions, the Bermuda market is well-placed to meet the growing demand for coverage.

“This is a timely and important discussion for existing and prospective clients, and I encourage anyone who is looking to build cyber resilience to register for this session.”

The BDA said the panel features a roster of business leaders poised to offer informative and professional insights.

Moderating the panel will be Suzanne Williams-Charles, director of policy and regulation, corporate secretary and data privacy officer at the Association of Bermuda Insurers and Reinsurers.

Panellists include Donavan Burgess, AVP cyber and professional liability, Axa XL; Aritra Chatterjee, chief underwriting officer, Envelop Risk; Emma Norman, AVP cyber-risk solutions, Aon; and Sarah Spurling, SVP, professional lines Bermuda, Sompo International.

NetDiligence, based in the United States, specialises in cyber-risk readiness and response services. It is a provider of cyber-risk management software and services to the insurance industry.