BII To Host Seminars For Young Professionals

April 16, 2019

A series of induction seminars are set to be held aimed helping young professionals understand the basics of insurance as well as the different parts that make up the industry in Bermuda.

Run by the Bermuda Insurance Institute [BII], the courses are aimed at junior level employees of insurance and reinsurance companies as well as those from companies involved with the industry such as recruiters, lawyers, accountants, bankers and IT professionals.

“The Bermuda Insurance Institute provides educational opportunities for those working in the insurance industry in Bermuda and this induction seminar is seen as a highlight of the educational calendar providing younger professionals and those with less experience a great insight into the different parts that make up our industry,” said Victoria Cunningham, who has been teaching the course since 2010.

She added: “Speakers come from our member companies with a variety of backgrounds and offer real life examples of the work they do. Not only is this a great educational opportunity, it also provides attendees the access to a wide range of professionals who can answer questions in an open environment.”

Alanah Bacon, Underwriter, Professional Lines at Sompo International, a global specialty provider of property and casualty insurance and reinsurance, attended the seminars when she was starting out in the industry and said: “The BII was an amazing resource when I started.

“I highly recommend these seminars, which present an essential overview of the Bermuda market, the different lines of business and range of insurance products offered on the Island.”

The seminars cover a range of topics including: the history of the Bermuda market, Basics of Insurance, Captives, Reinsurance, Lines of Business, Underwriting and Broking and Life Insurance. This year there are new presentations on Claims and Insurance Linked Securities.

They all take place at AXA XL, on Bermudiana Road, from 9am to 12 noon on Tuesday April 23, Thursday April 25, Tuesday April 30 and Thursday May 2. Refreshments are provided.

BII Members $500, Non-Member $575. The course has been pre-approved for 10.5 hours of CLE credits for the Bermuda Bar Association and may also qualify towards CPD credits for other qualifications. A certificate of attendance will be issued to participants who attend all sessions.

To register, click here.

The full schedule is:

Day 1 – April 23rd

  • [15 mins] Welcome/Introduction
  • [1 hour] Bermuda Market and role in Global Insurance
  • Break [15 mins]
  • [1.5 hours] Basics of Insurance

Day 2 – April 25th

  • [1 hour 15 mins] Underwriting, Broking and Lines of Business
  • Break [15 mins]
  • [1.5 hours] Captives

Day 3 – April 30th

  • [1 hour 15 mins] Claims
  • Break [15 mins]
  • [1 hour 15 mins] Life Insurance

Day 4– May 2nd

  • [1.5 hours] Reinsurance
  • Break [15 mins]
  • [1 hour] ILS
  • Closing remarks [15 mins]

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