History

Insurance Association of the Caribbean, Inc (IAC) was the "brainchild" of a small group of visionaries (industry leaders from Jamaica, Trinidad & Tobago, Guyana and Barbados) who wanted to prepare the indigenous insurance industry for the future challenges of the remaining century. This was catalysed in part by:

The signing of the Chaguaramas Treaty in July 1973

Rapid growth of the insurance industry in the Caribbean

Much of the preparatory work was done between 1972 and 1973, as the forefathers travelled to various Caribbean territories to convince industry leaders of the need for such a pioneer association. The proposal was discussed in Barbados on June 7th and 8th 1974, at what was touted to be the "most important meeting". In Trinidad, four short months later, representatives of the Caribbean insurance industry decided to proceed with its establishment.