Hon Audley Shaw (left), Minister of Industry, Commerce, Agriculture and Fisheries, greets Raymond Walker, Chairman & CEO of Caribbean Assurance Brokers Ltd (CAB), at the relaunch of the CAB Loyalty Programme at Mercedes-Benz Showroom in Kingston on December 5, 2019. At centre is Natalie St. Louis, Strategic Corporate Consultant, CAB. Minister Shaw commended CAB for the relaunch of the loyalty programme, noting that it was a way of giving back to its over 50,000 customers who will be able to receive discounts from over 200 healthcare providers. CAB has also partnered with Silver Star Motors Limited where customers can now benefit from a discount of $500,000 off the purchase price of a Mercedes-Benz.
Insurance industry excellent avenue for economic growth, says Minister Shaw
Accounting, as it does, for some 11.5 per cent of the country’s financial assets, the Hon Audley Shaw, Minister of Industry, Commerce, Agriculture and Fisheries, has described the insurance industry as an excellent avenue for economic growth. “The industry saw total assets amounting to $316.2 billion as at March 31, 2018, representing an increase of 8.4 per cent over the $291.6 billion reported for the period ending March 31, 2017,” said Minister Shaw. Noting that there has been a steady growth in sales in the life insurance sector, Minister Shaw stated that “life insurance companies continue...
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