An all-star cast – Captive Insurance Times

An all-star cast – Captive Insurance Times

The fifth edition of the ICRMC takes place in Bermuda in December, Nancy Miller of MSA Research, explains that the calibre of the agenda and seniority of the speakers is what sets it apart.

Captive Insurance Times Issue 154: Page 54-55

Ned Holmes Reports –

After four years in Canada, the International Cyber Risk Management Conference (ICRMC) is launching a Bermuda-based event in December. The event, which is partnered with the Bermuda Development Authority (BDA), will be centred around the theme of ‘insurance approaches to cyber risk management’ and includes an all-star cast of cyber risk professionals. Captive Insurance Times spoke to Nancy Miller, Executive Vice President and COO of MSA Research, about the reasoning behind the new event and why the industry should be excited for it.

Who are MSA research and what do you do?

MSA Research is a Canadian-owned, independent and impartial analytical research firm that is focused on the Canadian insurance industry. MSA is the dominant provider of financial information relating to Canadian insurers, with 90 percent of Canadian industry using our reports and software. MSA’s mission is to provide Canada’s insurance professionals with comprehensive financial information, unparalleled analytical tools and rigorous research on a consistent basis. Given its central role in the insurance industry, MSA also produces several world class events including the National Insurance Conference of Canada (NICC) and the ICRMC.

Why did you decide to hold the conference in Bermuda this year?

The fifth edition of the ICRMC will take place at the Hamilton Princess in Bermuda on the 6 and 7 of December this year. We were invited to bring this premier event to the island at the request of the Bermuda government via the BDA. We have been consistently impressed with the engagement of the industry leaders of Bermuda and we are looking forward to showcasing an international set cyber security and insurance experts from Bermuda and around the world.

“The perspectives of senior government speakers
from the US and Bermuda will add a richness to the
conversation given the current international environment
of sophisticated state-sponsored cyber-attacks”

– Nancy Miller, Executive Vice President and COO, MSA Research

How is the conference unique?

What sets the ICRMC apart is the calibre of the agenda, the seniority of the speakers, and opportunity for rich networking and learning. As producers of the event, we are not selling cyber products or services. Our product is the event itself and we pride ourselves on delivering a rewarding experience.

How much focus will there be on risk management and captive insurance?

With Bermuda being the ‘world’s risk capital’ and a centre of excellence for captives, the ICRMC in December tilts heavily towards insurance and risk transfer but it goes far beyond that. Captive owners and risk managers are more than mere insurance buyers. They are risk experts managing complex organisational needs and cyber risk is an unparalleled challenge. The ICRMC has risk management at its core and is designed to address the breadth of the threat landscape.

What are you most excited about ahead of the conference?

Thanks to the reputation of the ICRMC and an exceptional steering committee, we have an embarrassment of riches with respect to the speakers. We are thrilled with the rock-star talent of our CISO session, global cyber leaders from Deloitte, XL Catlin, AIG, Chubb, Aon, Willis, Marsh, FS-ISAC, and FireEye. The perspectives of senior government speakers from the US and Bermuda will add a richness to the conversation given the current international environment of sophisticated state-sponsored cyber-attacks.

Do you think staying on the cutting edge of Cyber is important for the captive industry?

Yes of course, in its latest Global Risks Report, the World Economic Forum ranked cyber-attacks second only to natural catastrophes to the global business community and government. The captive industry is on the front lines of risk management and deals with cyber 24/7. It is no coincidence that the ICRMC’s tagline is ‘because cyber risk is everyone’s business’.

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