The Tribune

A team featuring Bahamas Financial Services Board (BFSB) and Insurance Commission of the Bahamas (ICB) representatives has attended the four-day RIMS conference in Los Angeles, California.

Under the theme ‘Give Yourself an Edge’, this year’s annual conference and exhibition of the Risk & Insurance Management Society offered new additions and twists on previous conference offerings, as RIMS looked to help its members become better risk managers. The event has become renowned, too, for the widespread insurance domicile presence, complete with exhibits and special events.

The BFSB and the ICB manned a Bahamas booth in the Exhibit Hall of RIMS, and met one-on-one with some 200 conference visitors.

The BFSB’s chief executive, Aliya Allen, said: “There was specific interest in the Bahamas’ risk-based regulatory approach, with booth visitors also seeking general information on corporate and other services offered in our jurisdiction.”

The Bahamas delegation consisted of Ms Allen and Janelle Sands from the BFSB, and the ICB’s superintendent. Michele Fields. She was accompanied by Patrice McDonald and Kimberly Kemp-Rolle, also of the ICB.

This year’s RIMS conference, from April 21 to 24 at the Los Angeles Convention Centre, included more than 100 educational sessions spanning 11 categories, and offered a variety of networking opportunities.

Session categories included claims management, employment risks, enterprise risk management, finance, industry, insurance, international, legal legislation, loss control, risk management and strategic risk management.

In opening the conference and exhibition, RIMS leaders said risk management continues to evolve as a discipline, bringing added value to organisations and new opportunities to its practitioners.

Mary Roth, RIMS executive director, said: “As membership continues to grow globally, we are better positioned to address risks that transcend national boundaries.” More than 10,000 delegates participated in RIMS 2013.