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BDA Launches Bermuda Risk Directory

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May 05, 2017

The Bermuda Business Development Agency (BDA) has launched a new digital portal, the Bermuda Risk Directory, targeting global insurance customers and connecting them to Bermuda's top-tier market for risk coverage.

The new website offers access to the island's brokers as well as insurance, reinsurance, captive insurance, and insurance-linked securities sectors, connecting users to the market's globally respected companies. Leveraging commissioned market research by Deloitte, the site represents a contemporary relaunch of the popular former Bermuda Market Solutions website and booklet.

"We're excited to launch this intuitive, robust digital platform to underscore the capacity and innovation across our insurance and reinsurance market," said BDA Business Development Manager Jereme Ramsay. "Building on the core principles of its predecessor, this website's advanced search mechanism, navigation and mobile optimisation are designed to help drive new business to our world-respected jurisdiction.

"We're grateful to our partners at Deloitte, who gathered data from the Bermuda market for this project, and all the participating firms across our risk industry," Mr. Ramsay added. "The concerted efforts of carriers, underwriters, brokers, BDA colleagues, and our web developers, has been instrumental to this project's success."

With pull-down menus offering access to more than two-dozen lines of business, the Bermuda Risk Directory provides listings for participating companies, a brokers directory, and "Find-a-Broker" search mechanism (brokers are required for Bermuda market access by US-based clients). Users will also find an overview of the Bermuda insurance market and links to key industry groups and institutions, such as the Association of Bermuda Insurers and Reinsurers (ABIR), Bermuda International Long Term Insurers and Reinsurers, Bermuda Monetary Authority, and Bermuda Stock Exchange.

"All in one place you can find which Bermuda carriers offer which products," said ABIR President and Executive Director Brad Kading, who said he regularly receives inquiries from potential insurance clients about the Bermuda market. "It's a thriving market, one of the world's top three, and this is the best way to figure out which carriers can best serve your needs."

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