CICL – Covering Insurance Needs In Dominica And The Eastern Caribbean Region
Corp-EFF Insurance provides specialized insurance products to Credit Unions in the OECS. As a value-driven organization, we integrate this ethos, as a foundational principle in the crafting of our products, and in our daily interaction with you.
We specialize in the provision of Loan Protection, Life Savings, Family Bereavement, and Mortgage Protection Insurance to Credit Unions.
We operate from our head office location at 13B King George V Street, Roseau Commonwealth of Dominica. We also interface with our clients through our agency offices in Dominica and Grenada.
Corp-EFF Insurance takes your investment and trust very seriously. We have an established relationship with a secure and reputable reinsurer- Lloyd’s Syndicate who enjoys an “A+ rating from Standard & Poor’s, AA- from Fitch and A, from A.M. Best” to cover risks associated with any catastrophe.
Get your most reliable insurance coverage from Corp-EFF Insurance today.
Governance & Leadership
Corp-EFF Insurance is governed by the Insurance Act #4 of 2012 of the
Commonwealth of Dominica, and the Grenada Insurance Act # 5 of 2010. The company is regulated by the Financial Services Unit in each territory it has footprints.
A nine (9) member Board of Directors, are the custodians of the governance direction of the company and are accountable to the company’s shareholders. Their varied backgrounds and collective experiences, ensure the company is stirred in the right direction.
Dependable Insurance Coverage for Unions
We offer Loan Protection insurance and Life Savings insurance (LP & LS) to credit unions, with the objective of reducing cost, while offering better overall coverage. We are dedicated to maintaining the viability of the co-operative movement in Dominica and the Eastern Caribbean nations. To this end, we strive to maintain a standard of financial stability so that credit unions and MFGs find it feasible to continue operating.
Increased Security for Credit Union Members
Our Loan Protection and Life Savings insurance plans are meant to benefit the insured member’s beneficiaries as well as other members. LPs prevent the need for any disabled or deceased member’s outstanding loans to be paid by other members, subject to the restrictions put in place by the union or group. LSs provide benefits to deceased members’ dependants in proportion to their savings.
Customer-Oriented Insurance Coverage
We respect the complexity of co-operative finance structures. This is why we try to simplify your insurance needs as a group. We have the best insurance broker and reinsurer working with us to ensure your security. We also do our best to maintain the feasibility of your credit union or MFG by ensuring insurance costs and returns to the client that are market driven and not driven by a profit motive.
Monday – Friday From 08:00am To 04:30