ABIR proclaims partnership totally free basis programs on Bermuda reinsurance

The Affiliation of Bermuda Insurers and Reinsurers (ABIR) is about to sponsor a free basis course on Bermuda’s reinsurance and insurance coverage business for the fourth consecutive 12 months as a part of a partnership with Bermuda School and the Maurice R. Greenberg College of Danger Administration, Insurance coverage and Actuarial Science at St John’s College in New York.

Titled “Particular Matters in Insurance coverage,” the course is designed to offer insights into Bermuda’s insurance coverage sector and function a gateway to careers within the business. The periods might be carried out on-line through Zoom each Monday night, from 6pm to 8pm, starting January 15. The curriculum will embrace displays by college from St John’s College and executives from ABIR member corporations.

In line with a report from The Royal Gazette, the course covers numerous matters, together with the historical past and growth of Bermuda’s reinsurance and insurance coverage business, its financial affect, and key focus areas comparable to local weather threat, pure disaster reinsurance, the rising legacy run-off business, life and annuities, collateralized reinsurance, captive insurance coverage, and Bermuda’s regulatory framework.

Contributors have the choice to attend particular person periods based mostly on their curiosity or register for the whole course by way of the Bermuda School web site. Moreover, the course presents foundational data for college kids contemplating summer time internships with main insurers and reinsurers in Bermuda. In 2023, ABIR member corporations sponsored a document 103 paid internships for native college students.

John Huff, president and chief govt of ABIR, emphasised the significance of the course in ABIR’s dedication to fostering a various and inclusive workforce. He expressed gratitude to the volunteer presenters from ABIR member corporations and anticipates related ranges of curiosity as seen within the first three years of the course.

“By serving to younger Bermudians to know this world business on their doorstep and the chances it presents for them, it’s going to assist to draw the subsequent technology of Bermudian leaders. I’m hopeful we are able to appeal to related ranges of curiosity and enthusiasm as we noticed within the course’s first three years,” Huff mentioned.

Focused not simply at school college students, but additionally highschool college students, profession shifters, business professionals, and most of the people within the reinsurance and insurance coverage sector, the course goals to broaden understanding and curiosity on this world business.

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