During an upcoming annual meeting, Bermuda’s captive insurance industry will discuss how artificial intelligence is already improving underwriting, claims triage and risk analytics, which directly enhances the value proposition of a captive.

Parametric solutions are also becoming more accessible and precise, especially in underinsured areas like climate or business interruption where traditional triggers fall short.

Organisers of next week’s Bermuda Captive Conference said: “Technology is transforming insurance at every level and captives are well positioned to be at the forefront.”

The Bermuda Captive Conference, June 9 to 11 at the Hamilton Princess & Beach Club, is themed “Re-Imagining Risk: the Next Frontier” and is expected to attract hundreds of global captive professionals to the island.

Seádna Kirwan, the conference chair said: “Reimagining Risk reflects the mindset shift we’re seeing across the entire risk landscape.

“From climate volatility to cyber vulnerabilities, captives are being leveraged in more agile and strategic ways than ever before. This year’s agenda is forward-looking, but grounded in real-world solutions that our industry is implementing today.”

As risk advisory director for Aon Bermuda, Mr Kirwan is responsible for implementing and enhancing Aon Bermuda’s risk consulting value proposition.

A media announcement stated: “As a jurisdictional leader in captive insurance, Bermuda continues to pioneer innovative risk management solutions, pushing the boundaries of what’s possible.

“Bermuda’s robust regulatory framework, deep expertise, and forward-thinking strategies are shaping the next frontier of risk, reinforcing its unique position at the forefront of the captive insurance industry.”

The BCC programme over three days features more than 65 expert speakers across 15 sessions that include geopolitical shifts, climate resilience, portfolio optimisation and regulatory changes.

The statement said: “Seasoned captive owners as well as those exploring alternative risk for the first time, will find that this year’s sessions deliver critical insight into the issues shaping today’s and tomorrow’s insurance environment.”

Organisers said: “Speakers will dig into how these tools are not just efficiencies, but enablers. They allow captives to respond to protection gaps that commercial markets either can’t or won’t cover, and they create new ways to structure, measure, and price risk.

“Attendees will hear from innovators who are implementing these technologies right now, bringing real case studies to the conversation.

“Bermuda’s regulatory environment remains one of the jurisdiction’s greatest strengths: adaptive, transparent, and built with the nuances of the captive model in mind.

“From recent refinements around solvency requirements and economic substance to the evolution of digital compliance, the conference will provide critical updates and expert commentary from regulators, legal professionals, and international market participants.

“We’re taking a global view,” said Mr Kirwan. “It’s about understanding how jurisdictions are adapting and how Bermuda continues to lead with clarity and credibility in this space.”