A series of five webcasts on the growing global healthcare insurance market in Bermuda is being released during this month.

The series was produced by the Bermuda Business Development Agency, working with the industry.

Over the past five years, Bermuda has become a leading provider of healthcare-liability coverage, with carriers able to provide up to $350 million capacity for any single risk.

A high standard of contract certainty, the ability to create innovative new healthcare-risk products in response to the needs of hospitals, senior-care facilities, physicians groups, clinical research organisations, bloodbanks, academic medical centres, and other clients.

BDA business development coordinator Mark Darko said: “The Bermuda healthcare market is a leader in this sphere and our industry has proven highly responsive in creating new products and providing access to a large volume of needed capacity.

“Bermuda’s expertise is well reflected in the webcast participants — they are all highly experienced in the sector and represent the strong synergies in our marketplace.”

The five videos, which range in length from over a minute to the longest, at 5½ minutes, will be released starting today throughout September.

They can be found on the BDA’s YouTube channel and website. Each details different aspects of the healthcare-liability market, including Bermuda’s advantages over other insurance hubs to cater to this sector, claims paid to date, underwriting experience on the island, and the market’s creativity and innovation.

Topics and speakers comprise:

Bermuda’s global healthcare insurance market: a one-stop-shop for a fast-growing sector — Amy Wolfinger, vice-president, senior healthcare broker, Aon; and Douglas Jones, assistant vice-president, team leader, healthcare division, Allied World Assurance Company.

The flexibility and creativity of Bermuda’s global healthcare market — Susan Pateras, senior vice-president, healthcare practice leader, Iron-Starr Excess Agency.

Underwriting experience in Bermuda’s healthcare insurance market — Susan Pateras and Lindsay Roos, senior vice President, Healthcare Broker, Bowring Marsh Bermuda.

Claims paid by Bermuda’s healthcare-liability market — Kim Wilkerson, senior vice-president, regional head of claims, XL Catlin.

Bermuda’s global healthcare market: more than excess medical malpractice — Kirsten Beasley, senior vice-president, healthcare, Willis Towers Watson.

“Bermuda’s healthcare-liability insurance market is a robust, yet responsive industry that looks for bespoke coverages tailored to fit international demand,” noted Ms Beasley.

Ms Pateras said: “The emerging dynamics of healthcare reform have presented distinct themes that clients are positioning themselves to address. Health systems and providers are facing extraordinary pressure to reduce costs, manage care more effectively across the continuum, and improve patient engagement.

“I believe the Bermuda market is keeping pace with these changes and continues to reinvent itself as we respond to changing needs of our clients. These videos tell that story and give insight into the strength of our market.”

The webcasts are timed to preview next month’s annual conference of the American Society for Healthcare Risk Management, a personal membership group of the American Hospital Association .

ASHRM has invited a panel of industry experts from the inaugural Bermuda Healthcare Forum — held last March at Rosewood Tucker’s Point — to present at the conference in Seattle, Washington, from October 15 to 18.

Titled “A Peek Behind the Underwriting Curtain,” the panel, featuring Ms Pateras, Kim Morgan, of Sompo International, Eve Adamson of XL Catlin, and Adam Bates, of Allied World, will discuss how insurance carriers price medical professional liability policies.

The forum, which attracted close to 150 industry specialists to the island, is returning on April 24 and 25 next year and will be held at the Hamilton Princess.

For information, contact email@BermudaHealthcareForum.com