As the largest insurance broker in Barbados and a regional leader, we manage annual premiums of US$80 million. We are your reliable partner in navigating the complexities of insurance, with a team of 85 experts dedicated to providing comprehensive, full-service brokerage solutions and leading the regional health & benefits market.

We proudly represent Marsh, the world’s largest insurance broker, in the Caribbean, ensuring our clients receive unmatched expertise and unwavering commitment to safeguarding their interests. With a rich legacy and a forward-thinking approach, we offer unparalleled dedication to protecting what matters most to you.

Lynch Caribbean Brokers has been a trusted name in the insurance industry for over 165 years.

Guy Carpenter is a leading global risk and reinsurance specialist, which has over a 100-year history of providing integrated reinsurance and capital market solutions to private and public sector organizations globally.

With over 3,100 professionals in more than 60 offices around the world, Guy Carpenter delivers a powerful combination of best in-class broking expertise, strategic and capital advisory services as well as re/insurance industry-leading analytics to help its clients anticipate and solve a range of emerging risk challenges and business opportunities.

Guy Carpenter has one of the most experienced teams in structuring and executing complex reinsurance transactions with parametric features.

Raincoat is a strategic partner of Guy Carpenter dedicated to the development and deployment of highly-scalable parametric insurance solutions.

Raincoat collaborates with insurers, reinsurers, governments, and financial institutions to develop fully automated solutions that address climate risks at scale.

Subtitle Copy

Awaiting copy- urance product that pays out based on the observed loss when an event damages crop production. The objective is to increase resilience of registered beneficiaries against extreme weather events (draught, excess of rain and/or wind) through a direct payout mechanism that will cover cost of production and/or business interruption; pillared by a multi-perils traditional cover.

List Copy:

  1. De-risked lending to the farming and fisheries sector enabling repayment of loans.

  2. Reduced budget volatility transferring climatic risk to the private sector

  3. Increased fiscal space during shock/trigger years

  4. Stimulated growth of the agriculture sector

  5. With growth comes job creation potential

  6. Inspiration to youth to embark/return to agriculture: many social positive spin-offs.

  7. Improved public sector governance and transparency

R.E.A.P. (Regional Economical Agri-Insurance Programme) is a protection tool for agricultural risks.

An insurance product that pays out based on the observed loss when an event damages crop production. The objective is to increase resilience of registered beneficiaries against extreme weather events (draught, excess of rain and/or wind) through a direct payout mechanism that will cover cost of production and/or business interruption; pillared by a multi-perils traditional cover.

Projected Programme Outcomes:

  1. De-risked lending to the farming and fisheries sector enabling repayment of loans.

  2. Reduced budget volatility transferring climatic risk to the private sector

  3. Increased fiscal space during shock/trigger years

  4. Stimulated growth of the agriculture sector

  5. With growth comes job creation potential

  6. Inspiration to youth to embark/return to agriculture: many social positive spin-offs.

  7. Improved public sector governance and transparency

We have launched with signed commitments from the following nations:

  • Barbados 

  • St Vincent & the Grenadines 

  • St. Lucia 

  • Dominica 

  • Guyana 

  • St. Kitts & Nevis

and are currently in conversation with other Nations.

Follow us to learn more about REAP as we release this programme throughout the Caribbean.