The Bermuda Monetary Authority has announced it will be launching a series of awareness sessions and technical workshops targeted to Bermuda’s insurance sector.These outreach activities have been designed to ensure that participants in Island’s insurance sector are aware of and fully understand requirements under regime enhancements the BMA is currently implementing as part of its regulatory change programme.In addition to the awareness sessions and technical workshops, the Authority is developing an online question and answer (Q&A) resource that will be available through its website at www.bma.bm The Q&A webpages will include fact sheets with information on various elements of the Authority’s enhanced supervisory regimes, some based on frequently asked questions it has received from market participants.The BMA intends to update the Q&A webpages as it introduces additional regime elements, and also plans to expand the section in due course to cover all financial sectors under its remit.Jeremy Cox, CEO of the BMA, said: “As the Authority progresses with implementation of its enhanced regulatory framework, in line with developments in global regulatory standards, we acknowledge that this represents significant change, not only for ourselves as Bermuda’s regulator, but also for the market. We have therefore established these outreach initiatives to support firms as they seek to remain engaged with us throughout the transition process and adapt their operations.”The first round of information sessions coincide with implementation of various supervisory initiatives the Authority is establishing as part of its work to achieve regulatory equivalence for Bermuda’s insurance regime with Europe’s Solvency II Directive.Members of the Authority’s supervisory and risk analytics teams will conduct the sessions, which will take place at the Authority’s headquarters at BMA House, 43 Victoria Street, Hamilton. The schedule of sessions include:l Statutory Financial Returns (SFR) training - April 6, 2pm to 4.30pml Class 3A BSCR/SME Trial Run - April 13, 2.30pm to 4.30pml Long-Term Class E Trial Run - April 19, 2.30pm to 4.30pmFor more information on the SFR training session email Keisha Pitt on kpitt[AT]bma.bm and for the class 3A and long-term sessions email Giselle Outerbridge at gouterbridge[AT]bma.bm