Capacity Building & Institutional Strengthening. Ravi Rambarran Sagicor Financial Corporation June 2006. Agenda. Introduction Insurance Industry – Last Two Decades Sagicor’s Cross Border Experience Sagicor Today Global Life Insurers Impediments Possible Solutions. Introduction.
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Sagicor Financial CorporationJune 2006
Capacity Building : the ability to increase the breadth and depth of risks undertaken
Institutional Strengthening : the ability to meet claims as risks occur
Balancing act between capacity building and institutional strengthening
Sagicor Group is a widely held public company :-Market Cap of BD 1.2 billion-Capital of BD 748 million (1989: BD16 million)-Profits BD 137 million (1989:BD 3 million)-Assets BD 6.4 billion(1989:BD 308 million)-Rating BBB+ by Standard & Poors and A Excellent by AM Best
Sagicor Group operates in four main lines of business:
Life and health insurance, annuities and pensions
Banking and other financial services