Insurance Council and Shipping Association to discuss disaster preparedness and business continuity at Chamber AGM

By St. Lucia Chamber

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Domiinica rebuilds from “zero” after Hurricane Maria destruction.

(PRESS RELEASE) – The Mega Hurricanes Irma and Maria that ravaged the islands of the Northern Caribbean in October 2017, remains in forefront of the minds of Businesses in St. Lucia as business continuity planning has taken on a new sense of urgency.

The St. Lucia Chamber of Commerce Industry and Agriculture will, rather than the traditional Guest Speaker format, host a panel discussion with representatives from the St. Lucia Insurance Council and the St. Lucia Shipping Association.

These two sectors have seen how their service offerings needed to respond to the disasters and seek to serve clients in ways not seen before. The Chamber is still hoping to have a businessperson from Dominica or a Government Minister join the panel to share that country’s perspective.

The issue of Business Continuity from the perspective of Insurance Services has come front and center in the discussion surrounding recovery of the effected economies and how this will affect pricing and moreover the new areas of insurance which firms need to consider in the new emerging “climate” resilient environment. Meanwhile the importance of shipping and logistics also has come into focus with the concern of damage to Miami as a transshipment hub and ability to supply and serve the region.

These, and other important issues will be discussed by the Panel to help Chamber Members appreciate the new dispensation and new challenges they must be prepared to face in the coming years.

Chamber members and specially invited guests are expected to attend in large numbers. The first part of the Annual General Meeting will be held in open session, when the Panel Discussion will take place and the President of the Chamber will speak. The Closed Session follows, where the election of the Board of Directors will take place and the audited financial statements will be presented to members. The Executive Director’s Report will again be presented in the form of a magazine.

Members are urged to contact the St. Lucia Chamber of Commerce Industry and Agriculture at 452-3165 or email [email protected] for further information

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