General Accident Eyes Regional Expansion  

  • General Accident Insurance Company is looking at opportunities to expand regionally. Managing Director of General Accident Sharon Donaldson says this was a big part of the company's decision to move up to the main market of the Jamaica Stock Exchange.
  • The move will provide the company with the opportunity to raise more capital, especially equity capital so that the company can continue with its expansion.
  • The company is also looking to go completely online as part of that expansion, so the insured will have a frictionless experience, one such that customers should be able to take out an insurance policy for their car or their home, get a printout of their documents without the hassle of going into a physical location.
  • This will enable GENAC to expand its reach, thereby generating more revenues and doing so in a more efficient way which saves cost and bolsters the bottom line.

(Source: RJR News)