New insurance brokerage company aims to engage Guyanese on importance of being insured

Atlantic Edge Insurance Brokerage Incorporated on Friday officially launched its services in Guyana, with the aim of educating the public on the right policies and offering products that will offer significant coverage at affordable rates.
The new licensed insurance brokerage will provide services from its Lot 85 David Street, Georgetown office. It brings years of experience in the business from its Caribbean Insurers Limited operations in the British Virgin Islands.
Managing Director Brian Jermyn noted that given Guyana’s growth trajectory, coupled with investments in various sectors and interests from multi-national companies, it was time to launch here.

“It is also an exciting time for Guyana. These are times of exponential development, which will ultimately lead to the continued future prosperity for all Guyanese residents. With a continued expected increase in the Guyanese economy, we feel that the time is now right to bring our insurance expertise and relationships with strong A-rated insurance companies to provide the necessary insurance products to the people of Guyana,” Jermyn relayed.
The Managing Director gave credit to the Ali-led Government, for its contribution to the change in economic landscape. In their contribution, the company is aiming to make Guyanese more aware of the importance of insurance.
“Atlantic Edge Insurance Brokerage hope to be part of this expansion and make our contribution to this exciting Guyanese business landscape…We plan to be a brokerage that not only sells a portfolio of motor, property, casualty, marine, health and life insurance products but we also hope to educate the Guyanese public on the importance and value of insurance through education and interactive events with the public.”
According to Jermyn, the aim is not just offering the cheapest options available, but to understand their needs and offering a policy that will lend sufficient coverage.
Attending the launch was Attorney General Anil Nandlall, who pledged his Government’s full support to the company. He shared that while oil and gas has been heavily talked about, the growth of the country is also heavily influenced by development in traditional and non-oil sectors.
“It is no secret anymore that Guyana is one of the most sought-after investment destinations in the Western Hemisphere. We are growing at a rate that is several times over any other country in the Caribbean. While that is so because of oil and gas, that growth is taking place significantly in the non-oil sector,” Nandlall positioned.
Recognising that the oil and gas sector is a multi-billion-dollar industry, the AG said insurance will be needed at a level never seen more. As such, the local content framework catered for this in allowing international players to offer their services.”
“We have to be alive and cognisant of those commercial realities…The type of finances that is required need to be insured. There’s a series of mechanisms to protect the particular investment and liability. Insurance is one of those protective mechanisms. If hundreds of millions of US dollars are required to be vested onshore and offshore, we don’t have the insurance capabilities here. We had to devise a way to accommodate local operators and the international players.”
The company has partnered with GTM Fire and Life, CG United Insurance, Hand-In-Hand Insurance, Assuria, Premier Insurance, New India Assurance Company, Demerara Mutual, NALICO/NAFICO, and Diamond Insurance to provide a wide range of options for its clients. (G12)