Home > Caribbean = Antigua and Barbuda > Aruba > Bahamas > Barbados > Bermuda > Cuba > Curaçao > Dominica > Dominican Republic > Grenada > Guyana > Haiti > Jamaica > Saint Kitts and Nevis > Saint Lucia > Sint Maarten > Suriname > St. Vincent and the Grenadines > Trinidad and Tobago > Cayman Islands > Puerto Rico > Turks and Caicos Islands
LIST OF INSURANCE COMPANIES IN Guyana
|
Guyana, Caribbean - World Insurance Companies Logos. By clicking on the logo of each Guyanese insurance company may obtain a set of updated information that each insurer offers by the internet
|
Upper Image : Anomaloglossus beebei (Kaieteur), specific to the Guianas
List of Logos of Insurance Companies in Guyana
Guyana & Trinidad Mutual Fire Insurance Company Ltd.
|
National Insurance Scheme. Insurance Companies in Guyana - World Insurance Companies Logos
|
Guyana Co-operative Insurance Services Ltd.
|
CLICO - Guyana's Insurance
|
Bank of Baroda (GUYANA) Inc. List of Logos and names of Insurance Companies in Guyana
|
|
|
INSURANCE
GUYANA - NEWSPAPERS
|
|
Frandec & Company Insurance Inc. Insurance Companies in Guyana - Insurance Company Logos and names
|
The Demerara Mutual Life Assurance Society Ltd.
|
United Insurance.
|
Hand in Hand Mutual Fire Insurance Company Limited. Insurance Companies in Guyana - World Insurance Companies Logos
|
List of names of Insurance Companies in Guyana
|
Clico Life & General Insurance Company (SA) Ltd
Diamond Fire & General Insurance Inc Guyana Co-operative Insurance Services Ltd Guyana & Trinidad Mutual Fire Guyana & Trinidad Mutual Life Hand-in-Hand Mutual Fire From Bank of Guyana |
Hand-in-Hand Mutual Life Assurance Company Ltd
North American Fire & General North American Life The Demerara Fire and General The Demerara Mutual Life Assurance Society Ltd United Insurance Caricom General Insurance Company Inc. formerly Guyana Fire, Life & General Insurance Company Ltd. |
INSURANCE
This section of the website is intended to provide information on various aspects relating to insurance supervision and for use by industry participants in familiarising themselves with the more recent developments regarding supervision and guidance.
The primary function of the Insurance Act is the protection of insurance policyholders. This manifests itself in various forms, covering the operations of insurance companies including financial security of companies and proper management and conduct e.g. requiring timely claims settlements and meeting reasonable expectations. The Act also covers other insurance intermediaries.
Financial security for policyholder protection is reinforced by requirements for companies to hold sufficient assets in trust on behalf of their policyholders and for trustees of these funds to report on a regular basis to the Commissioner. Off-site supervision of companies is done primarily through comprehensive reporting requirements on the company’s business activities.
The principles of good corporate governance are reinforced under the provisions of the Act which also provides the regulator with the power to intervene and if necessary, cause the wind-up of an insurance Firm for policyholder protection.
Insurance brokers, individual and corporate agents and all forms of insurance intermediaries also fall under the supervision of the Commissioner.
In summary, the Act provides the OCI with a mandate to regulate all forms of insurance participation including on-going financial well-being and market conduct as well as the handling of complaints.
The primary function of the Insurance Act is the protection of insurance policyholders. This manifests itself in various forms, covering the operations of insurance companies including financial security of companies and proper management and conduct e.g. requiring timely claims settlements and meeting reasonable expectations. The Act also covers other insurance intermediaries.
Financial security for policyholder protection is reinforced by requirements for companies to hold sufficient assets in trust on behalf of their policyholders and for trustees of these funds to report on a regular basis to the Commissioner. Off-site supervision of companies is done primarily through comprehensive reporting requirements on the company’s business activities.
The principles of good corporate governance are reinforced under the provisions of the Act which also provides the regulator with the power to intervene and if necessary, cause the wind-up of an insurance Firm for policyholder protection.
Insurance brokers, individual and corporate agents and all forms of insurance intermediaries also fall under the supervision of the Commissioner.
In summary, the Act provides the OCI with a mandate to regulate all forms of insurance participation including on-going financial well-being and market conduct as well as the handling of complaints.
Economy of Guyana
The main economic activities in Guyana are agriculture (production of rice and Demerara sugar), bauxite mining, gold mining, timber, shrimp fishing and minerals. Chronic problems include a shortage of skilled labour and a deficient infrastructure. In 2008, the economy witnessed a 3% increase in growth amid the global economic crisis, grew an impressive 5.4% in 2011 and 3.7% in 2012.
Until recently, the government was juggling a sizeable external debt against the urgent need for expanded public investment. Low prices for key mining and agricultural commodities combined with troubles in the bauxite and sugar industries, had threatened the government's tenuous fiscal position and dimmed prospects for the future. However, the Guyanese economy has rebounded slightly and exhibited moderate economic growth since 1999, thanks to an expansion in the agricultural and mining sectors, a more favourable atmosphere for business initiatives, a more realistic exchange rate, fairly low inflation, and the continued support of international organisations.
The sugar industry, which accounts for 28% of all export earnings, is largely run by the Co. Guysuco, which employs more people than any other industry. Many industries have a large foreign investment. For example, the mineral industry is heavily invested in by the American Co. Reynolds Metals and the British-Australian Rio Tinto's Rio Tinto Alcan subsidiary; the Korean/Malaysian Barama Co. has a large stake in the logging industry.
The production of balatá (natural latex) was once big business in Guyana. Most of the balata bleeding in Guyana took place in the foothills of the Kanuku Mountains in the Rupununi. Early exploitation also took place in the North West District, but most of the trees in the area were destroyed by illicit bleeding methods that involved cutting down the trees rather than making incisions in them. Uses of balatá included the making of cricket balls, the temporary filling of troublesome tooth cavities, and the crafting of figurines and other decorative items (particularly by the Macushi people of the Kanuku mountains).
From Wikipedia
Until recently, the government was juggling a sizeable external debt against the urgent need for expanded public investment. Low prices for key mining and agricultural commodities combined with troubles in the bauxite and sugar industries, had threatened the government's tenuous fiscal position and dimmed prospects for the future. However, the Guyanese economy has rebounded slightly and exhibited moderate economic growth since 1999, thanks to an expansion in the agricultural and mining sectors, a more favourable atmosphere for business initiatives, a more realistic exchange rate, fairly low inflation, and the continued support of international organisations.
The sugar industry, which accounts for 28% of all export earnings, is largely run by the Co. Guysuco, which employs more people than any other industry. Many industries have a large foreign investment. For example, the mineral industry is heavily invested in by the American Co. Reynolds Metals and the British-Australian Rio Tinto's Rio Tinto Alcan subsidiary; the Korean/Malaysian Barama Co. has a large stake in the logging industry.
The production of balatá (natural latex) was once big business in Guyana. Most of the balata bleeding in Guyana took place in the foothills of the Kanuku Mountains in the Rupununi. Early exploitation also took place in the North West District, but most of the trees in the area were destroyed by illicit bleeding methods that involved cutting down the trees rather than making incisions in them. Uses of balatá included the making of cricket balls, the temporary filling of troublesome tooth cavities, and the crafting of figurines and other decorative items (particularly by the Macushi people of the Kanuku mountains).
From Wikipedia
Guyana, Caribbean - World Insurance Companies Logos
