BARBADOS, March 20, 2022 /EINPresswire.com/ — The second annual Barbados Insurance and Risk Management (BRIM) Conference, organized by BIBA, the Barbados World Trade Association, opens Monday on the island.
Considered a must-attend event on the global executive conference calendar, the two-day, in-person and virtual-streamed meeting will highlight “the enormous value of expanding the captive insurance sector in Barbados, the potential future growth, emerging insurance risks, key economic and regulatory developments and digital advances in insurance,” explained Carmel Haynes, Executive Director of BIBA.
The summit, to be held at the Hilton Barbados Resort, has attracted dozens of delegates from the United States, Canada, the United Kingdom and the Caribbean, who will gather to explore a variety of captive insurance management issues.
Day one will feature a keynote address by Oliver Jordan, the new Chairman of the Financial Services Commission (FSC), Barbados’ supraregulatory agency for the insurance industry, mutual funds, securities, pension funds and the credit union sector. Tuesday’s keynote speaker will be Daniel Towle, president of the Captive Insurance Companies Association and former Chief Financial Services Officer for the state of Vermont in the United States, one of the world’s leading jurisdictions for captives and other insurance structures. international.
Reya Ali-Dabydeen, Partner and Head of Banking and Insurance Tax for Ernst & Young in Canada, will lead discussions on tax developments impacting captives while reviewing the most recent Canadian federal budget and its implications for global affairs in Barbados. Based in Geneva, Niel Harper, international cybersecurity expert, will share his knowledge and experience on mitigating the impact of cyber risks and ransomware attacks.
Technology and the impact of the digital revolution on the insurance industry will also be highlighted by New Zealander Klaas Stijnen, co-CEO and founder of global software company Montoux; while Robert Panza of CFC Underwriting in the UK will explore how the expansion of digital healthcare is changing traditional approaches to underwriting.
Jorge Carstensen, managing partner of Sophós Advisors, an independent advisory firm specializing in risk management and international insurance, will review developments in Latin America; while Cyralene Benskin-Murray, General Counsel of FSC Barbados, will provide an overview of the regulation of the Barbados insurance industry.
Kevin Hunte, Director of International Affairs in the Barbados Department of Energy and Business Development, and Graeme Stoute, Acting Director of International Tax in the Global Relations Unit of the Audit Division and Tax Compliance Officer from the Barbados Revenue Authority, will provide a tax and regulatory update focusing on Country-by-Country Reporting, Economic Substance and the impending Global Corporate Minimum Tax. Charles van Oppen, co-owner and director of London-based risk management consultancy TBIAS, will examine how regulatory compliance can be a trigger for improving business resilience and efficiency.
Global and regional experts will also address issues such as ESG (environmental, social and governance factors) in corporate decision-making; changes in the risk-return dynamics of investing for captives; captive fundamentals in business planning; how the basics change when comparing old captive structures with those of today; developments in pension affairs; and the implementation of IFRS 17.
BRIM 2022 has secured sponsorship from major players in the financial services industry, including RBC Dominion Securities Global Limited; USA Risk Group, Inc.; London and capital; strategic risk solutions; Clarity life insurance; Invest in Barbados; Summit Asset Management; CIBC FirstCaribbean; Sagicor Life Inc; integrity officers; C&W Business; PwC; DGM Captive Management Inc; and Dark trace.
For more information, contact the BIBA secretariat at [email protected]; +1 246 537-2422 or visit brim.biba.bb.
BIBA is a not-for-profit private sector organization comprised of businesses engaged in global trade within and across Barbados, and businesses that are otherwise strategically associated with this sector. It offers a network of meetings and exchanges. BIBA serves as the voice for global business development in Barbados and has over 140 member companies. BIBA has repositioned itself as the Association for Global Business to align with the vision of Barbados as a global trading hub.
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For immediate release
Source: BIBA, the World Trade Association
Contact: Grace Chambers
Tel: + 1 246 537 2422
Email: [email protected]
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