The Ministry of Finance (Bermuda) published opening remarks by the Minister of Economy and Labour for the 2025 Bermuda International Life & Annuity Conference, positioning artificial intelligence as a near-term driver of change for the life and annuity sector and reiterating Bermuda’s focus on enabling innovation alongside robust oversight. The remarks highlighted Bermuda’s role in global reinsurance, stating that the jurisdiction writes more than 60% of the world’s reinsurance, and described strong growth in the life and annuity sector over the past decade, including expanded assets under management and increased employment. The speech cited potential AI applications across underwriting, risk assessment, claims processing and customer engagement, while flagging data privacy, algorithmic bias and workforce impacts as key challenges. It also pointed to continued investment in the regulatory regime and to education and training initiatives intended to create pathways for Bermudians to build careers in international business. The conference agenda spans two days and includes a keynote by technologist Maurice Conti and panel sessions on emerging industry trends.

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