Tourism Minister lauds role of insurance in recovery

Denise Charles Pemberton

Tourism Minister Denise Charles-Pemberton has challenged insurance and financial advisors to develop products and services that are more affordable and within the range of the average man.

She made that statement while addressing the 35th Conference of the Caribbean Association of Insurance and Financial Advisors Congress held at The InterContinental Dominica Cabrits Resort & Spa in Portsmouth, on Monday.

“You need to ensure that insurance coverage is accessible to all our citizens across the region who are in need of that extra layer of protection,” she urged. “You have a responsibility as insurance to increase the chances of individuals, households, and communities to recover financially post-disaster and have peace of mind.”

She said insurance therefore plays a critical role in ensuring that income and property can be preserved and transformed in the event of death, helping to create generational wealth.

“You need then to look more closely at how you can adapt the pricing strategy to implement well-designed, unrestricted policies that encourage our citizens to buy into your services as an investment in their health, long-term safety, and future prosperity of their families,” she advised.

She went on to state that the local associations also have a role to play in ensuring that their members are kept up-to-date with insurance as well as the use of innovative technologies to advise their clients appropriately.

“I am a firm believer in the financial stability that insurance provides to individuals and families,” she noted. “Let us together take full responsibility for the collective security of our region’s people.”

Meanwhile, Charles-Pemberton indicated that the past years have proven that climate change is at the core of the threats to the sustainable livelihoods of citizens. According to her, every sector of the economy therefore, including health, tourism, infrastructure, agriculture, renewable energy, and small business is being restructured to achieve sustainable development in Dominica.

“We have boosted our healthcare system by constructing state-of-the-art hospitals and wellness centres across the island,” she said.

Furthermore, Charles-Pemberton mentioned that in the continued campaign against non-communicable diseases and other illnesses,  the government of Dominica stands strong.

“We believe that citizens should have access to affordable healthcare that mirrors their need from village to village,” she stated.

She said also that one must therefore consider continuous risk reduction measures and improvement to our natural infrastructure to combat the adverse financial effects on lives and property.

“Fortunately in the aftermath of devastating storms and hurricanes this government was able to show the significant chunk of the pot to help its citizens, restore their livelihood and property,” Charles-Pemberton noted.

“I acknowledge our efforts, that had it not been the payout in excess of $800 million from the insurance companies our country would have taken a bigger and harder financial blow,” she said. “You were able to fulfill your financial responsibility to policy owners, helping in the process to safeguard our economy and demonstrated the importance of insurance to the financial stability of any country.”

While she acknowledges this important contribution, Charles-Pemberton took the opportunity to challenge those present to maintain this focus on supporting individuals and communities that are most vulnerable to the impacts of climate change.



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  1. if we knew better
    May 7, 2024

    So, then why doesnt the government just launch its own insurance program to ensure that everybody has insurance like how you all was just giving away free housing to ensure the closure of banks and make them obsolete? I mean thats what you all did. Why not just finish off the insurance sector too for more votes?

  2. if we knew better
    May 2, 2024

    So, like the housing revolution that caused the banks to close and pull out, why not provide health and life insurance for Dominicans (labortites only) what will cause the insurance companies to down and leave also. What you should be more concerned about is the rising cost of living here, the high unemployment, the rise in utilities cost, the lack of medication at the hospital, the state of our roads, the lack of night life (inclusive of entertainment, PROPER restaurants, public transportation) that other countries have that we dont and i could go on. But you vex about insurance costs.

  3. Lucas
    May 1, 2024

    You either have no idea what you’re talking about, or you have a very short memory (or perhaps you just don’t care), but I can think of at least two hoteliers who lost their business and livelihood because an insurance company (still in operation, by the way) oversold policies and couldn’t pay up after hurricane Maria. This is a shameful speech.

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