Apr 4, 2015
1) What are the major challenges facing the Insurance Industry in the Caribbean these days?
There are three issues impacting the industry:
a) The first is the shrinking and struggling economies that have caused an overall downturn in absolute amounts of insurance needed and purchased. As volumes decrease, some competing insurers have dropped prices in order to attempt to retain their volumes through increased market share. This in turn leads to less profitable business which impacts...
Apr 4, 2015
says Divisional Manager at Regional Business Systems Nicolas Humphrey.
It has been reported property crime is on the increase across the region. Has this been reflected by more enquiries for your security services?
Yes there have been more queries both for new installations and properties, which have dated or non-functional systems. People have become more proactive with regards to security around their property and with the advent of smart phone apps, property owners can be alerted to alarm...
Apr 4, 2015
Scotiabank’s US Dollar mortgages make it convenient for non-residents
Who among us hasn’t dreamed of a vacation home in an exotic location? Visitors to the Caribbean are attracted by more than a balmy climate and crystal waters – they find a stable political structure, friendly citizens and a relaxing lifestyle. Many return year after year and eventually commit to owning a home in the region.
A wide variety of home ownership options exist: single family detached or semi-detached, townhouse...
Apr 4, 2015
Sagicor General’s new Vice President Tracey Knight-Lloyd outlines the importance placed on her new role…
Appointing a Senior Executive specifically focused on enhancing the customer experience is a strong statement by Sagicor. Is this a shift in the company’s strategy going forward and if so, why has it been established?
Thanks for offering Sagicor General this opportunity to discuss our new and exciting journey.
At Sagicor General customer service has always been a critical part of our...
Apr 4, 2015
By the end of the first quarter of 2015, the economic roller coaster recovery continues with almost as many downs as ups. There is now clear air between the recovery of the economy in America and the more languid performance of the European markets. As the Federal Reserve finishes its own QE (Quantitative Easing) programme and may be looking to raise base interest rates during the year, so the European Central Bank is just starting its own QE, somewhat late to the starting gate, with its...
Apr 4, 2015
Experienced Insurance Broker James Peirce gives a comprehensive overview of what should be considered…
So you have just bought a piece of land and are busy planning to build your dream home? Or maybe you own an existing house that is in need of some refurbishment? Chances are you are busy meeting with your architect and contractor to see how to make your dream property become a reality, but what if things don’t go according to plan? For many of us the plan is very simple, to transform our...
Apr 4, 2015
Caribbean LED Lighting Inc., owner Jim Reid believes his manufacturing company is making an important contribution to a green culture, protecting the environment and saving money for clients and Governments.
Setting up a manufacturing business in the Caribbean seems like an awesome challenge for an International businessman. Why did you choose the Caribbean?
We chose the Caribbean because our research showed the region had the highest electricity costs in the world with the exception of...
Apr 4, 2015
Developer Scott Jaynes feels this is great news for Sundance Ridge…
1 Sundance Ridge remains one of the most beautiful settings in the Caribbean. What’s been happening on it and around it in the past 12 months?
We have enjoyed working with our latest buyers to design their 10,000 sq. ft. villa. Ground was broken in late 2014 with completion slated for August 2016. Several other prospective buyers have enjoyed tours of the property and are considering purchase. We only have seven building...
Apr 4, 2015
You are a professional involved in many aspects of business across the Caribbean. What is your opinion on the general economic position of the region as compared to the start of 2014?
WITH THE UK AND US COMING OUT OF A RECESSION, THERE ARE DEFINITELY POSITIVE SIGNS FOR THE CONSTRUCTION INDUSTRY AND THE REAL ESTATE SECTOR. IN BARBADOS, WE FEEL THAT THE 3RD/4TH QUARTER OF THIS YEAR WILL YIELD SOME GOOD NEWS. THE ECONOMIES OF MOST OF THE OECS COUNTRIES ARE STILL IN THE BALANCE BUT WE HOPE THAT...