The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) attended Risk Insurance Management Society (RIMS) RISKWORLD 2023 at Georgia World Congress Center in Atlanta, Georgia from April 30th – May 3rd, 2023. This four-day event brought together more than 10,000 risk management professionals for an opportunity to educate, learn, and connect with clients and other risk professionals.
RIMS, founded in 1950, is a platform for risk management professionals to create a safer, more secure, and more sustainable world. RISKWORLD 2023, hosted under the theme of “The World of Resilience” is an event that provides attendees with the tools and connections to collaborate with other risk professionals and swap innovative strategies.
RISKWORLD 2023 offered professionals in this field with insights and tools on how to respond to today’s challenges and tomorrow’s risks with in-depth education for all career levels. This took place in a dynamic marketplace filled with 400+ exhibitors and allowed for exclusive networking in the Global Studio and Wellness ZENter. There were groundbreaking insights in the Thought Leader Theater and Innovation Lab. The event also featured four keynote speakers, namely Johnny C. Taylor Jr., Josh Linkner, Evan G. Greenberg, and Danica Patrick.
The topics featured at this event ranged from career development, claims management, cyber and technology risk. Specific sessions at the event included:
- Discovering and Managing ESG and Risk Relationships
- Cryptocurrency Risks: Challenges and Opportunities
- Climate Change and Catastrophic Property Loss: From Risk to Resilience
- Parametric Insurance: A Fundamental Pillar in a Resilient Risk Management Approach
- CaptiveLand: A Journey to Forming a Captive
- Captive Industry: Insurance Strategies to Address a Hard Insurance Market and Improve Risk Management
- Settlement of Underlying Claims When the Policyholder and Insurance Company Disagree
The Bahamas delegation was primarily focused on promoting the growth of the captive insurance industry in The Bahamas. The representatives of The Bahamas that attended this year’s RISKWORLD conference are Dr. Tanya McCartney, CEO of BFSB, Ms. Rianna Sobiech, Marketing & Special Projects Associate at BFSB, Mrs. Michele Fields, Superintendent of Insurance at ICB, Mrs. Tiffany Moss, Analyst Intermediaries & Market Conduct at ICB, Ms. Phelice Jones, Deputy Manager of Supervision at ICB, Mr. Jermaine Williams, Vice President & Chief Risk Officer at Commonwealth Bank Ltd, Mr. Kencil McPhee, External Insurance Manager at J.S. Johnson & Company Ltd, Mrs. Candice Bain, Business Development Manager/Principal Representative at The Bahamas Co-operative League Ltd/Co-operative Assurance Ltd, and Mr. Larnest Brown, Group Procurement Manager at Cable Bahamas.
RISKWORLD 2024 is scheduled for May 5-9, 2024, in San Diego, California.