During her speech at the 35th Conference of the Caribbean Association of Insurance and Financial Advisors Congress held at The InterContinental Dominica Cabrits Resort & Spa in Portsmouth, Tourism Minister Denise Charles-Pemberton urged insurance and financial advisors to develop more accessible products and services for the ordinary person.
She emphasized the need for insurance coverage to be available to all citizens across the region, particularly in the aftermath of disasters, to aid in financial recovery and provide peace of mind.
Charles-Pemberton highlighted the critical role insurance plays in preserving income and property, as well as creating generational wealth.
She encouraged advisors to explore pricing strategies that would make policies more attractive and accessible to citizens, positioning insurance as an investment in their long-term well-being.
Additionally, Charles-Pemberton stressed the importance of keeping advisors updated on insurance trends and technologies to better serve clients.
Addressing the impact of climate change, she emphasized the need for sustainable development in various sectors, including healthcare, tourism and agriculture, to name a few.
Charles-Pemberton praised efforts to strengthen Dominica's healthcare system and promote affordable healthcare access across the country.
She emphasized the importance of continuous risk reduction measures and natural infrastructure improvements to mitigate the financial impact of climate-related disasters.
Acknowledging the significant financial assistance provided by insurance companies in the aftermath of storms and hurricanes, Charles-Pemberton urged continued support for vulnerable individuals and communities affected by climate change.
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