Wonder

Log in

Colonial Group International

Delivered August 16, 2019. Contributor: Stephie B.

Goals

To develop a clearer understanding of Colonial Group International in the Bahamas and to analyze the competitive landscape surrounding them.

Early Findings

Colonial Group international

  •  Colonial Group International (CGI) is a Bermuda-based company with operations in Bermuda, the Cayman Islands, The Bahamas, the British Virgin Islands, Turks & Caicos, Barbados, and select international locations. With equity in excess of $285 million, CGI manages over $370 million in premium income as well as circa $800 million of pension assets, taking in over $100 million in pension contributions annually.

Group Companies include:

 Bahamas  
  • Security & General Insurance Company Limited
  • Atlantic Medical Insurance Limited
  • Colonial Pension Services (Bahamas) Limited
 Barbados  
  • Colonial Medical Insurance Company Limited
 Bermuda  
  • Colonial Insurance Company Limited
  • Colonial Medical Insurance Company Limited
  • Colonial Pension Services Ltd.
  • Colonial Life Assurance Company Limited
 British Virgin Islands
  • Colonial Insurance (BVI) Limited
  • Cayman
  • British Caymanian Insurance Company Limited
  • British Caymanian Insurance Agencies Limited
 Turks & Caicos
  • Colonial Insurance Brokers Ltd.

Products Offered

  •  Group Health Inusrance - via Atlantic Medical they offer a variety of group health plan solutions supported by market leading benefits, coverage and service.
  •  Pension Services - Colonial Pension Services brings a wealth of industry and jurisdictional knowledge with years of experience in plan set-up and administration. Our platform provides a flexible, cost effective, and full service pension solution for employers seeking a pension plan for their employees.
  • Car Insurance - the company offers two levels of coverage. Third Party provides basic cover for damage to others as a result of an accident that was deemed to be your fault. With Third Party cover, any damage to your own car is your responsibility. Comprehensive is a higher level of protection that additionally covers damage to your vehicle.
  •  Bike Insurance
  •  Home insurance - Multiple insurance policy option to consolidate into convenient premium-buildings, contents, personal possessions, legal liability, and travel.
  •  Travel Insurance  
  •  Boat Insurance  

Sample of competitors

 Bahamas 
  • Bahamas First General Insurance Company Limited
  • RoyalStar Assurance Limited
  • Summit Insurance Company Limited
  • The Family Guardian Insurance Company Ltd.
 Barbados 
  • Anahita Insurance Corporation
  • Insurance Corporation of Barbados
  • Massy United Insurance
  • Sagicor General Insurance Inc.




Proposed next steps:

You need to be the project owner to select a next step.
It is suggested that research continue in order to determine CGI's prominent marketing partnerships, to determine a set of competitors on BVI, T&C, and Bermuda, and then to present a competitive landscape of these competitors for each of the islands that CGI has a presence in.
Alternatively, a high-level overview of the insurance landscape on each of the five islands can be performed.