BILTIR Attends Meeting & Conference In Japan
Bermuda International Long Term Insurers and Reinsurers [BILTIR] executives were in Tokyo, Japan, for the 2023 International Association of Insurance Supervisors [IAIS] Meeting and Global Federation of Insurance Associates [GFIA] Annual Conference.
A spokesperson said, “Executive Director Christine Patton and Vice Chair of BILTIR and Chair of BILTIR’s Global Advocacy Committee John Hele represented BILTIR at the meetings, which took place from November 8-10.
“The GFIA Annual meeting is an opportunity for BILTIR to meet fellow global association executives to share and discuss insurance and reinsurance issues that many associations share.
BILTIR Executive Director Christine Patton and Vice Chair of BILTIR and Chair of BILTIR’s Global Advocacy Committee John Hele at the conference.
“The theme of the IAIS meeting was ‘Mind the gap: the role of supervisors in making the global insurance sector more inclusive’ and it addressed issues such as the natural catastrophe protection gaps, evolving risks in the global insurance sector, emerging risks to consumer protection, climate risk and the Insurance Capital Standard.
“Attendance at the IAIS and GFIA meetings are part of BILTIR’s ongoing international networking and advocacy efforts, which has seen BILTIR executives visit the Insurance Europe conference in Paris on June 7, and the IAIS 2023 Global Seminar in Seattle on June 15-16.”
Ms Patton said, “It is very important for BILTIR to continue its global advocacy efforts. By attending key conferences, we can network with member colleagues and global regulators and keep abreast of the latest trends in the industry.”
The spokesperson said, “BILTIR represents 56 life re/insurers and 21 associate members in Bermuda that provide life and annuity products and employ more than 1000 people on the island.”
