Page 54 - Insurance Times September 2020

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4th BIMTECH INSURANCE COLLOQUIUM

23rd October, 2020

Insurance 4.0 Resilience in Risk Society

Online Platform

Background of this adversity, trauma, tragedy, threats, and
unsurmountable amount of emotional and financial stress.
COVID-19 has posed the greatest humanitarian challenge
of all time on government, business, and individuals around
the world. Enormous energy is being expended day in and Resilience in Risk Society
day out in repressing the deadly virus and saving the lives of 1. Challenges from COVID-19 to Health Insurance Industry
millions with demanding social measures. - Way Out.
2. Business Continuity: Can Insurance offer the necessary
It has become increasingly diffi cult to predict the succour?
consequence of many economic activities given the volatile
3. Hastening InsurTech adoption in Insurance Business:
nature of the pandemic. Only certain thing is that it has
Status and Appraisal
grievously hit the already depleting balance-sheet of many
industries including insurance. The global life, health, and
property and casualty (P&C) sectors are up for a difficult Objective
time. We at BIMTECH believe, it is time to cogitate on these issues
and initiate a conversation among the stake holders of all
One cannot navigate the emerging challenges with the three areas mentioned above through this BIMTECH
resilience alone –the response has to be staggered INSURANCE COLLOQUIUM. The Colloquium is expected to
systematically with resolve, reimagination, and reform illumine all aspects of the relevant issues and may also
playing important roles. Insurers are all over the world have perhaps throw up possible ways forward.
been resolving to face the emerging challenge of working
from home using the technology platform but still have been Honoring
grappling with the preparation of IT for critical-services Mr. Nasir A Choudhury
capacity and building resilience to sensitive cybersecurity
Founding Managing Director &
norms. Most of the insurers have been found wanting in
Advisor of
their IT and building up WFH capabilities.
Green Delta Insurance Company
The COVID-19 crisis is not showing any sign of abating, on Limited
the other hand, continues to affect insurance distribution with
and operation around the world. Insurers must gird up their BIMTECH Life Time Achievement Award -
loins by designing a strategy focused on near- and long-term 2020
implications.
For his outstanding contributions to the growth of
The industry has to respond and adapt itself well in the face Bangladesh Insurance Industry

50 The Insurance Times, September 2020