Bankers Insurance Company of Trinidad and Tobago limited

40 years of expecting the unexpected and protecting clients from costly consequences has led to Bankers Insurance Company of Trinidad and Tobago Limited taking the wheel and driving the industry into a new era.

WRITTEN BY AMY TOCKNELL

PREMIUM PROTECTION

www.littlegatepublishing.com

BANKERS INSURANCE COMPANY OF TRINIDAD AND TOBAGO LIMITED

001 868 299 0626 WWW.BANKERSTT.COM

Started in 1974 as Motor Owners Mutual Insurance Company, with headquarters in Jamaica, BICTTL came about due to a Government initiative to fully localise the insurance industry.

In 1981, the current incarnation of the organisation was founded, with a clear vision of,

“Achieving global success, recognition and stability through the support of our community, business clients and international affiliates.”

Although having become localised at the wish of Government, BICTTL remained ambitious, with international aspirations and quality standards akin to enormous conglomerates. Moreover, a comprehensive and attainable mission supports this vision for the future of the company,

“To combine aggressive, strategic marketing with quality products and services at competitive prices to provide the best insurance value for consumers.”

It is a rarity to see insurance organisations being concerned with providing truly viable value for customers, but this just one aspect that makes BICTTL so different to its competitors. This is demonstrated further in the company values,

“We will strive to maintain positive relations with other insurance agencies in our community, competing with them on an honorable and fair basis. We will follow all insurance laws relative to


When an organisation celebrates an anniversary as impressive as 40 consecutive years at the forefront of their chosen field, it is an opportunity to address issues and invest in development and improvement strategies. But what happens when the organisation is question has been continuously successful, adaptive and progressive? This is the case with Bankers Insurance Company of Trinidad and Tobago Limited (BICTTL).

the conduct of our business. We will work with other Independent Insurance Agents for the improvement of the Insurance business and endeavor to elevate the standards of our occupation by following this Code of Ethics and encourage other Independent Insurance Agents to do likewise.”

It is quickly becoming apparent that this is no ordinary insurance company and that any cliché images you may have in your mind need to be discarded. Fair competition, ethical operation and customer needs have replaced cynical, uncaring and uninformed brokers, all to offer customers a far more detailed understanding of their policies and to promote safety and loss prevention in the local community.

Stating that,“Protecting what you value most is our top priority”BICTTL has an impressive number of trade affiliations,

not to mention high profile clients, but what exactly can they offer customers? The list is comprehensive but includes auto, commercial/contractor and building & contents cover. Having started as a motor specialist, BICTTL has a deep understanding of this sector, in particular,

“According to the Motor Vehicles Insurance (Third Party Risks) Act Chapter 48:51 Act 39 of 1933, it is compulsory to have, in


force, insurance for death, bodily injury & damage to third parties. In short, this piece of our nations’ legislation makes it mandatory for all vehicle owners to have their respective vehicles covered by motor vehicle insurance whether you are new to car insurance, want to switch to a different auto insurance company, or simply looking for a low car insurance rate.”

Having equipped potential clients with all relevant legalities, BICTTL goes on to reassure as to the comprehensive service they offer,

“If you need a policy for a vehicle other than personal auto, we can provide first class coverage for this as well. Our motor vehicle policies are available to corporations and individuals alike. So whether you need coverage for your personal vehicle, business transport vehicle or even special type vehicles (tractors, forklifts, etc.), we can take care of you.”

In addition, marine and scooter insurance is also available, demonstrating a definitive understanding of the most common forms of transport being used throughout the community and addressing the requisite need. Regarding scooters, BICTTL comments,

“Scooters are generally cheaper to insure than motorcycles,

since insurance costs are related to the price of settling a claim. Scooters are simple vehicles and as such, relatively cheap to repair if damaged. They’re also cheaper than motorcycles to buy and cheaper to run with better fuel economy. Perfect for inner city commuting.”

When was the last time you encountered an insurance company that actively promoted a more financially frugal option? It is a rarity and gives a good insight into how the company has maintained relationships with customers, turning them into long-term returners, but direct sales is only one facet of this adaptive and inspirational organisation.

Enjoying success with individual clients, BICTTL also deals with registered and audited brokers, agents and sales reps, offering a multitude of channels for enjoying their services and allowing for significant expansion of the company itself. January 16th, 2015, bore witness to the opening of a second branch, in St. James, demonstrating that ethical, client-centric business is not a recipe for stagnation, but rather that this enlightened approach offers growth and development with a far more humane twist.

In line with an open and honest line of communication with customers, BICTTL


is prolific in the introduction of its high-flying management structure, listing not only all individual team members, but also the qualifications and experience which have made them ideal leaders. Lending itself to increased customer confidence, the importance of this approach cannot be over-exaggerated and nor can the personable blog posts that are included on the company website.

Offering an insight into people behind the policies, the regularly updated blog serves as confirmation that BICTTL is a truly community focused organisation, something further confirmed by the recent sponsorship of the Trinidad and Tobago Pro-League Club, Central FC.

Looking to the future, it is clear that BICTTL is a company that will strive to draw new business, both locally and internationally, without any detriment to the exemplar services already being provided to existing clients. With demand necessitating expansion into a second office, further branches cannot be far behind, as clients old and new discover a refreshingly different insurance mentality and ethics which are reinventing the industry.

638-7882 297-4774297-8561 391-4210

www.graphichousett.comEmail: [email protected]

#86 Twelfth Street, Barataria

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Bankers Insurance Company of Trinidad and Tobago limited