Bermuda is a British Overseas Territory with a parliamentary democracy. The political system is based on the Westminster model, featuring a House of Assembly and a Senate. The Premier is the head of government, while the Governor represents the British monarch. Political parties include the Progressive Labour Party and the One Bermuda Alliance. Elections are held every five years, and the political landscape is characterized by a two-party system. Key issues often include economic development, tourism, and social policies. Bermuda's unique status as a territory influences its governance and relationship with the United Kingdom.