GEORGE TOWN, Grand Cayman–(BUSINESS WIRE)–
The Cayman Islands financial services sector will be well represented at the American Society for Healthcare Risk Management (ASHRM) annual conference in Austin, Texas this weekend, where over 100exhibitorsare expected.
ASHRM 2013 is structured specifically for healthcare risk management, patient safety, legal, insurance and other healthcare-related professionals.
The Insurance Managers Association of Cayman (IMAC) will be located at booth #300, industry experts including captive insurance managers, auditors, attorneys, bankers, investment managers and representatives from the Cayman Islands Monetary Authority will be in attendance.
IMAC will be hosting a panel presentation called Captive Insurance and Healthcare – A Happy Marriage. Experts in healthcare will focus on feasibility studies, best practices and domicile selection specific to the healthcare industry.
There will be more than seventy educational sessions at the convention center to help prepare for managing risk in healthcare environment. Programs insix specialised tracksclaims and litigation,enterprise risk management,legal and regulatory,patient safety,risk financingandleadership development ensure a well-rounded, first-rate learning experience.
IMAC Chairman, Rob Leadbetter is one of a team of insurance managers representing the domicile at the conference.
There seems to be a trend in captive formations and that is growth in the health care market. While Bermuda, the Cayman Islands, Barbados and Guernsey have historically been the most popular domiciles for captive formations, many of the captives formed today are in the United States.While the number of captive domiciles is growing and remains competitive, we want Cayman to be the go-to domicile for the industry, Mr. Leadbetter said.
Mr. Leadbetter added that the aim of the session is to help identify why captives have value, especially from a US tax and regulatory perspective, explain the importance of strategic planning and proper feasibility studies and explain operational procedures and programme structures, including implementation and operations in the Cayman Islands.
Insurance Managers Association of Cayman (IMAC) is a non-profit organisation run by the insurance managers of the Cayman Islands. In operation since 1981, IMACs aim is to act as both regulatory liaison with the Cayman Islands Government and to promote the Cayman Islands as a domicile of choice for captive insurance companies.
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Cayman Heads to Annual Health Care Conference in Texas