Sydney has welcomed five thousand insurance and financial professionals from around the world, who have gathered in the city this week for the Million Dollar Round Table (MDRT) Global Conference 2022.

Taking place at the International Convention Centre Sydney (ICC Sydney) from 28-31 August, the conference is one of the largest international business events in Australia since borders opened in March this year. BESydney estimates the four-day event will generate $16 million in direct expenditure for the local economy.

“MDRT’s return to Sydney is a great sign that business confidence is returning,” BESydney chief executive officer, Lyn Lewis-Smith, said.

“Looking ahead, BESydney’s forward pipeline is very strong, with both retained but rescheduled events impacted by the pandemic, as well as new wins, already building up for a bumper 2023.”

NSW Minister for Tourism, Ben Franklin welcomed the return of MDRT and its global community to Sydney.

“Sydney’s major events calendar is already bustling with arts, culture and sporting events, and I welcome the return of significant international business events to round out the program in Australia’s global city,” Minister Franklin said.

“It is also worth noting that 45 per cent of these delegates are flying in from India – a great testament to the Government’s efforts securing direct flights from this high growth tourism market.”

ICC Sydney chief executive officer, Geoff Donaghy, said the Centre looked forward to hosting the event.

“As ICC Sydney’s international events calendar continues to build, it is gratifying to see economic benefits that reach through the venue’s long supply chain. This announcement is testament to the close partnership we have with BE Sydney, and we look forward to welcoming this important event back to ICC Sydney,” Donaghy said.

The MDRT Global Conference in Sydney will provide opportunities for the global delegation to hear from industry leaders, particularly from this region, addressing local and global trends, learn insights from some of the best minds in the world and exchange innovative ideas with their peers to advance their businesses.

Now in its 95th year, the MDRT is a global, independent association of the world’s leading life insurance and financial services professionals from more than 500 companies in 70 nations and territories.