British Caribbean Insurance Company Ltd.
British Caribbean Insurance Company Limited (BCIC) is one of Jamaica 's leading general insurance companies, offering a comprehensive range of non-life products.
The Company started operations in 1963 and is owned by ICD Group Limited through its holding company Industrial Finance Holdings Limited (IFH).
BCIC's Head office is located at 36 Duke Street , Kingston , and it operates a branch in Montego Bay located at shop #1, 29 Gloucester Avenue and branch in Ocho Rios at shop #2, Pointe Plaza, Main Street. BCIC enjoys excellent relationships with broker/agent representatives island-wide who enhance its point of sale delivery and who contribute substantially, to the Company's income. Staff is technically competent, motivated and committed to delivering the desired level of service.
With an impressive equity base and first-class reinsurance arrangements, BCIC offers exceptional financial security to its clients. The Company's Shareholders Equity stood at approximately JA$1.3 billion at December 31, 2005. The company's reinsurers are rated at on the Standard & Poor's scale of internationally approved reinsurance security. The company is well known and respected in the general insurance industry. The company complies with all regulatory and statutory requirements to maintain its licensed status to conduct insurance business.
BCIC is highly regarded by the construction sector and affiliated associations for its superior Contractors All Risks insurance package and Engineering policies.
A major strategy is to deliver excellent service to its customers. In January 2002 the company introduced the ASSIST , a motor accident scene response service to its private car policyholders island-wide, the first of its kind in Jamaica .
In March 2004 BCIC introduced another major innovation with the opening of the ASSIST Care Centre at 9 Caledonia Avenue , Kingston 5. This is a “ One Stop” Claims Service Centre that provides insurance claims service from the “accident to repairs.” Clients who are involved in an accident are able to make a report and have the Centre manage the entire repair process.
