Cayman Finance is heading to the United States for a series of insurance conferences together with the Insurance Managers Association of Cayman (IMAC) and the Cayman Islands Monetary Authority (CIMA) this month.
Cayman’s financial services industry association is exhibiting at two insurance events and attending one conference in October.
The Cayman Finance team will first have a booth at the American Society for Health Risk Management’s (ASHRM) Annual Conference in San Diego from 6 to 9 Oct., where the Cayman delegation also includes representatives from IMAC and the Monetary Authority.
ASHRM will discuss the latest risk management trends for health care organisations in the United States.
“The US healthcare sector represents the largest line of business for captive insurance in the Cayman Islands,” said Cayman Finance Associate Director for Insurance Brittany MacVicar. “ASHRM is therefore a key conference for Cayman Finance to ensure that we are staying informed about the latest trends in healthcare risk management, regulatory shifts, and emerging technologies.”
She said, “Exhibiting alongside IMAC is an important opportunity to allow our service providers to tailor their captive insurance solutions to meet specific risk management needs while having a direct line to the key decision-makers and risk managers who are responsible for managing risks in hospitals, health systems, and other healthcare organisations across North America.”
Exhibiting at the conference will also allow Cayman Finance to speak to those who are not familiar with captives about how these structures can be effectively used in their own healthcare companies.
“This gives us the opportunity to reinforce Cayman’s role as the go-to jurisdiction for healthcare captives; demonstrating our industry’s expertise, regulatory soundness, and ability to adapt to the dynamic landscape of healthcare risk management,” MacVicar said.
Cayman Finance will then exhibit together with IMAC at the National Workers Comp conference in Las Vegas from 15 to 17 October.
North America is by far the largest source market for Cayman captive insurance and reinsurance services, accounting for 89% of insured risks, and workers’ compensation insurance represents about 23% of total written premiums.
While in Las Vegas, Cayman Finance and IMAC representatives will also attend the largest insurance innovation and Insurtech event, ITC Vegas, which takes place at the same time as the National Workers Comp conference from 15 to 17 October.
“Cayman’s status as a top destination for captive insurance companies is often attributed to its responsiveness to market needs and commitment to legislative innovation. Attending conferences like ITC Vegas ensures that we can continue to do that,” MacVicar added.
“And by collaborating with IMAC and CIMA at these events we can give prospective clients a complete understanding of Cayman’s comprehensive offering and how we can meet their diverse financial needs.”
