THE NUMBER of Sagicor General-insured companies expressing interest in risk management assessment is on the rise, according to risk manager Marlon Graham.
And this is one area that is about to take off in Barbados with insurance companies, he told BARBADOS BUSINESS AUTHORITY, saying that most risks were associated with hurricanes, floods and fire.
Graham said when the risk-management department was introduced at the insurance company about seven years ago, it was predominantly residents who were being given the service.
“Now I find that as the department evolves, we are seeing a lot more commercial risks. We are doing a lot more advising on business continuity, which essentially is telling the companies how they would survive in the event of or after the hazard has occurred . . . . So we are seeing a lot of those lately with commercial [entities],” he said.
Read the full story in today’s BUSINESS AUTHORITY.
