The Insurance Company of the West Indies (ICWI) recently launched operations in Dominica, its ninth regional market.
According to ICWI President, Paul Lalor, who said he is optimistic about the country’s future “Despite the devastation caused by the passing of Hurricane Maria in 2017, the island is poised for growth and further development.”
Lalor, speaking at the January 18 launch at The Old Mill Cultural Centre in Rosseau, said further said the company is committed to the growth of the country and employing more of its citizens, adding that ICWI wants to be “part of the fabric of Dominica.”
“Insurance is serious business – buying it, and the responsibility an insurance company has in providing the protection… and we look forward to offering a great alternative to the people of Dominica.”– ICWI President, Paul Lalor
“Our mandate is to ensure that our clients are protected in the face of severe loss and disaster. As we expand, ICWI will continue to protect our clients and financial assets with one of the region’s most prudent and robust reinsurance programmes,” Lalor said adding that “We will continue to expand our services throughout the region, confident that the security and protection we offer our clients is second to none. Operating in multiple territories, ICWI is able to widen its revenue base, diversify the risk it takes, and benefit from the economies of scale that size has to offer.”
The ICWI was founded in 1968 in Kingston, Jamaica as wholly owned Jamaican insurance company with operations in the Bahamas, British Virgin Islands, Cayman Islands, Jamaica, St Kitts-Nevis, St Maarten, Trinidad and Tobago and Turks and Caicos.
Also speaking at the launch, Minister for the Blue and Green Economy, Agriculture and National Food Security, Fidel Grant, said “Following the aftermath of Hurricane Maria, I must admit no one wanted to invest in Dominica, no businesses and even more so no insurance company. So I want to applaud the ICWI for the decision to invest itself in Dominica.”
ICWI will begin by facilitating general insurance services through its branches in Roseau and Portsmouth and also through its Whatsapp platform via 876-545-4294.
“Insurance is serious business – buying it, and the responsibility an insurance company has in providing the protection. This is something that ICWI has always taken very seriously, and we look forward to offering a great alternative to the people of Dominica,” Lalor said.