{"id":3020,"date":"2025-10-30T13:00:28","date_gmt":"2025-10-30T14:00:28","guid":{"rendered":"http:\/\/xinetica.com\/?p=3020"},"modified":"2025-10-30T14:28:18","modified_gmt":"2025-10-30T14:28:18","slug":"bma-strengthens-bermudas-position-in-innovative-insurance-solutions","status":"publish","type":"post","link":"http:\/\/xinetica.com\/index.php\/2025\/10\/30\/bma-strengthens-bermudas-position-in-innovative-insurance-solutions\/","title":{"rendered":"BMA strengthens Bermuda\u2019s position in innovative insurance solutions"},"content":{"rendered":"

The Bermuda Monetary Authority (BMA), Bermuda\u2019s integrated regulator and supervisor for the financial services sector, continues to drive innovation in the Insurance Linked Securities (ILS) market.<\/p>\n

\"bermuda-monetary-authority-bma-logo\"The BMA highlights that Bermuda\u2019s ILS market is built on a foundation of prudence and practicality, underpinned by a regulatory framework designed to respond to the evolving needs of policyholders.<\/p>\n

Leveraging its established Special Purpose Insurer (SPI) framework, the BMA is intensifying efforts to address protection gaps arising from climate change and emerging risks.<\/p>\n

In line with this commitment, the BMA plans to issue a Consultation Paper in the fourth quarter of 2025 proposing a new SPI framework specifically tailored for parametric products.<\/p>\n

As climate factors alter the nature, scale, and frequency of Natural Catastrophe (Nat Cat) events globally, the financial exposure faced by policyholders continues to increase. This is further compounded by non-traditional risks such as cyber threats, highlighting the need for innovative market solutions.<\/p>\n

\n
\"Brit<\/a><\/div>\n<\/div>\n

The BMA emphasises that a purpose-built framework for parametric insurance is central to developing a resilient parametric market.<\/p>\n

Such a market can help policyholders fill gaps not covered by traditional indemnity insurance while providing faster claims and payout processes to support recovery following loss events.<\/p>\n

As global risk dynamics evolve, the BMA remains committed to ensuring Bermuda\u2019s insurance sector offers solutions aligned with policyholder needs, maintaining a robust and trusted regulatory environment that supports continued innovation and market resilience.<\/p>\n

The post BMA strengthens Bermuda\u2019s position in innovative insurance solutions<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bermuda Monetary Authority (BMA), Bermuda\u2019s integrated regulator and supervisor for the financial services sector, continues to drive innovation in […]<\/p>\n","protected":false},"author":1,"featured_media":3022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3020"}],"collection":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=3020"}],"version-history":[{"count":3,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3020\/revisions"}],"predecessor-version":[{"id":3024,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3020\/revisions\/3024"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/3022"}],"wp:attachment":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=3020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=3020"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=3020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}