Bermuda: The future of technology and innovation
Bermuda is rapidly emerging as a global leader in technology sectors, including fintech and insurtech.
The island has pioneered a robust regulatory and legislative framework governing digital asset businesses that is attractive to companies looking for a quality ecosystem in which to test ideas, develop products and grow internationally.
A pioneer of the world's most progressive digital asset business legislation
Our financial regulator has two innovation initiatives aimed at developing insurtech
As a blue-chip financial centre, Bermuda is a trusted domicile with talent and expertise
With the passing of the Digital Asset Business Act 2018 (DABA), Bermuda created one of the world’s first comprehensive Digital Asset Business (DAB) regimes. The Bermuda Monetary Authority pride themselves on their ability to iterate on the framework, meet evolving market demands, and continue to support the growth of the DAB ecosystem globally. Click here to learn more.
Supported by innovative legislation and significant expertise in risk and regulatory management, Bermuda provides a flexible yet reputable jurisdiction for quality fintech companies and digital assets business wanting to do business and is able to respond to the industry's rapidly changing needs.
Bermuda has always been at the forefront of innovation and insurtech is no different. The Bermuda Monetary Authority operates two innovation tracks, the Regulatory Sandbox and the Innovation Hub, targeted at insurtech companies to facilitate efficiencies from new technology while ensuring compliance.
The Privacy Innovation and Knowledge-Sharing (PINK) Sandbox serves as a formal mechanism to allow the Office of the Privacy Commissioner (PrivCom) to engage with organisations early, without discouraging innovative programmes or ideas that do not have long histories of risk profiles. Click here to learn more.
The BMA Sandbox is an innovation track for companies looking to test new technologies or business models on a limited number of clients in a controlled environment and for a limited period of time. Click here to learn more about the BMA Sandbox, and Innovation Hub.
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