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November 07, 2022
IMF laments low insurance penetration in hurricane-prone Caribbean
Deputy Managing Director of the International Monetary Fund (IMF) Bo Li, last week raised concerns about generally low insurance penetration in Caribbean nations that are among the highest at risk for climate disasters; while one industry expert urged the government to partner with the industry to address the longstanding issue. "The financial system's role in ...
The post IMF laments low insuranc...
November 01, 2022
New National Health Insurance Bill, 2022 laid in the House
The Minister of Health and Wellness the Hon. Dr.Michael Darville laid for the first time in the House on Wednesday, October 26, anew National Health Insurance (NHI) Bill, 2022, which aims to repeal and replace the existing 2016 legislation that proved instrumental in the initial launch of quality, affordable primary care coverage and services in 2017.
Officials seeking insurance after Met Dept audit
October 24, 2022
Officials seeking insurance after Met Dept audit
AFTER an auditor general's report revealed that expensive weather equipment has gone uninsured, officials are said to be narrowing down vendors to ensure there is sufficient coverage to protect against loss and damage.
UK offers $3.4m for water insurance
October 19, 2022
UK offers $3.4m for water insurance
BRITISH High Commissioner to The Bahamas Thomas Hartley yesterday announced the United Kingdom's contribution of $3.4m to the new Caribbean Water-Utilities Insurance Company.
Captive insurance has hit a sweet spot
September 01, 2022
Captive insurance has hit a sweet spot
CEO of CG Captive Managers Guilden Gilbert said the captive insurance industry has reached a sweet spot in The Bahamas, given that capital in certain lines of business dried up. Captive insurance is an alternative to self-insurance in which a parent group (or groups) create a licensed insurance company to provide coverage for itself. Gilbert ...
The post Captive insurance has hit a sweet spot appe...
August 11, 2022
Halkitis: Govt, insurers still have opposing views on health insurance VAT change
Government and the insurance sector continue to have dialogue over the government's plan to move the burden of value-added tax (VAT) costs on healthcare services for insured people from both the insured person and the insurance provider to solely the insured person, Minister of Economic Affairs Michael Halkitis revealed yesterday, explaining that the insurance sector has ...
The post Halkitis...
November 07, 2018
National Health Insurance Authority Town Meeting-Seagrape, Grand Bahama
National Health Insurance Authority (NHIA) heads are in Grand Bahama to meet with stakeholders to discuss changes proposed to the National Health Insurance Programme...
National Health Insurance: facts and friction
November 13, 2018
National Health Insurance: facts and friction
Dear Editor, National Health Insurance (NHI) is defined as health insurance coverage for the population of a country so that access to affordable quality healthcare is assured for all regardless of social or economic status and pre-existing health conditions. The NHI package is custom designed [...]
The post National Health Insurance: facts and friction appeared first on The Nassau Guardian.
June 21, 2022
BASE: Group insurance means more cruise business for excursion operators
The Bahamas Association of Shore Experiences (BASE) continues to prepare its membership to benefit from more cruise passenger business through a group insurance plan, the association's President Denise Johnson told Guardian Business yesterday. Johnson said there has been significant interest in the insurance scheme, that will allow cruise companies to recommend insured BASE members' products to ....
June 21, 2022
Higher insurance costs expected as reinsurers shirk risk in region
Increasing catastrophic natural disasters have reduced the appetite of reinsurers for certain kinds of risk in this region, paving the way for increases in the cost of insurance next year, Bahamas First's Group Senior Vice President and Chief Operating Officer Warren Rolle told Guardian Business yesterday, adding that it is not yet know, though, what level of ...
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