Insurance Corporation of Barbados Limited (ICBL)

In our globally connected world, business sustainability is directly related to business evolution. The divergent growth path across industries and sectors is further complicated by the ebbs and flow of the global economic environment and resulting organizational metamorphosis is evident. For those businesses who recognize the need for change, this period of transformation can be rewarding, contributing richly to the solidification of marketplace longevity.

Within the last decade, business has been revolutionized under the pressure of a volatile economic environment, where in order to realize growth, solutions needed to be found. The results have been riveting with significant changes to internal processes and procedures, innovation of goods and service delivery, as well as legislation and regulation. Hence the disruptions in business touted by many, were borne out of the necessity to adapt - making changes to ‘traditional’ business methods which could no longer withstand the vagaries of the global financial economy.

Today business continues to shift. Entrepreneurs have launched commercial space flights to the moon, we enjoy the luxury of selfdriving vehicles and smart devices alert us when our fitness levels aren’t quite where they need to be. Leading companies now utilize new and innovative concepts such as mobile and digital payments, artificial intelligence and blockchain. Who would have ever thought that cryptocurrency would have been the next major development since the creation of paper money?

The future of business is exciting and the Insurance Corporation of Barbados Limited (ICBL) is intent on being at the forefront in Barbados of changes seen globally.

Being resilient in an ever-changing global business environment calls for a level of operational excellence that looks beyond profits. In maintaining its ‘Competitive Greatness’ ICBL understands the requirement of continuous business adaptation through the strategic management and application of technology and its most valuable resource, its people. It is with this understanding that through our ‘One Team’ concept, ICBL continues to invest in our communities, customers and knowledgeable staff.

The future for ICBL, Barbados’ only composite insurance company and leading provider of general and life insurance solutions, is exciting. We have learnt from our best assets and have made the necessary process improvements, enhanced the skillsets of our reliable staff and added value to our service delivery ensuring that we adequately meet the needs of our loyal customers.

Retaining our financial strength rating of A-(Excellent) by the international rating agency A.M. Best is no mean feat in the world of business. As we transition and propel the company into the future, the leadership team is committed to employing strategies and techniques that solidify our position in the market place as a leading insurance provider. Optimizing the strength of brand ICBL will be centred on consistent stakeholder engagement. Our commitment is to excellence whatever the climate.

ICBL – Meeting you where you are and always there when you need us most!