Guernsey Conference Highlights Captive Insurance Strength in Risky Market
Hundreds of insurance professionals, including Airmic Chairman Jon White, gathered in Guernsey to discuss captive insurance in a risky stock market. The conference highlighted Guernsey's great solutions in captive insurance, designed and governed by experienced talent. The island's reputation as a trusted global business hub was further cemented.
Jon White, the chairman of Airmic, spoke at the Guernsey Conference on Captive Insurance and Reinsurance. He discussed how captives are viewed as problem-solving tools in the complex stock market. The conference also explored how Guernsey can continue to flourish as a market for captives and reinsurance due to global risks, including geopolitics and AI.
The event delved into how climate risks could spark more interest in captives, while AI is reshaping risk management. A group discussion featuring insurance and regulatory representatives from Guernsey revealed that technological changes are driving innovation in captive products. It was noted that risk transfers could be used to help organisations recover from cyber incidents.
Airmic Chairman Julia Graham echoed the sentiments of the conference, stating that the protection gap is being stretched by increasingly complex and connected risks. Guernsey's captive insurance solutions, designed and governed by knowledgeable talent, continue to be a beacon in a risky stock market, attracting global trust and respect.
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