Caribbean Assurance Brokers has gone digital, as it seeks to offer more products online while growing the business seamlessly in this pandemic-struck business environment.
The multi-line insurance broker has been forced to pivot its business towards new digitised product offerings in response to the novel coronavirus pandemic. As such, Caribbean Assurance Brokers is now focusing on e-commerce development for online payment and has developed a suite of new digitised product offerings.
In addition, the brokerage firm, which went public early last year, has also developed a new website, increased its social media presence and has changed the method of operations to virtual meetings and presentations for both internal and external meetings.
Among the new additions to its product line are international insurance and Credit Union New Health Plan. In addition, the brokerage firm has partnered with Sutton Special Risk, a managing general underwriter, Lloyd’s coverholder and third party administrator out of Canada.
This partnership has resulted in a number of new services. These include the Credit Union Gold Series, which falls under the Credit Union New Health Plan.
This plan offers local health insurance to credit union members through the Jamaica Cooperative Credit Union League. In addition to pivoting digitally because of COVID-19, the company has also implemented pandemic safety measures.
Source-Ja.Observer
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