Bermuda prepares for International Technology Summit in February


Bermuda will host The International Technology Summit on the week commencing February 1, 2021, bringing together innovators, regulators and executives from Bermuda, Canada, and other countries in a virtual environment as well as in-person workshops. 

The conference is being led by Penrose Partners, a Canadian and Bermudian emerging technology consulting firm and will explore the latest breakthroughs in blockchain technology, fueled by Bermuda's digital asset regime. 

The conference will examine the impact that technology has had on the insurance industry, with one panel discussing Bermuda's fintech ecosystem and another debating institutional investment in crypto technology. 

Attendees will also appraise the progress that Bermuda has made in achieving the government’s mandate of growing the island's fintech industry. Government representatives will outline how they will facilitate further collaboration between industry leaders, legislators and regulators in fintech.

Bermuda’s Premier, David Burt, will speak at the event, as will Aqsa Zubair, a fintech specialist at the BMA and Kevin Richards of Bermuda Asset Management. Khawar Nasim, Acting Consul General of the Consulate General of Canada in New York, will also speak. 

Other discussions will cover digital dollar payments, decentralised finance, clean technology and unique enterprise implementations of blockchains. 

There will also be an educational fintech workshop series, hosted virtually in partnership with the Bermuda government, Bermuda’s InnoFund Incubator and Clarien Bank. These will examine the businesses actively pursuing or in receipt of Digital Asset Business licenses issued by the Bermuda Monetary Authority (BMA). 

Several of Penrose’s clients are involved in the insurance space. Knox Custody is 1:1 insured up to $1 billion with Marsh for its Bitcoin holdings. Another, which cannot be named, has developed a platform offering captive insurance for blockchain-based companies.

International Technology Summit, Penrose Partners, Bermuda Monetary Authority, BMA, David Burt, Kevin Richards, Bermuda Asset Management, Blockchain

Bermuda Re