Brokers are knowledgeable professionals who act as intermediaries between you, the insurance buyer, and insurance companies, helping you navigate the market and choose policies that best suit your specific needs.
What do insurance brokers do?
Insurance brokers in the Cayman Islands use their professional knowledge, experience and understanding of insurance products to:
- provide guidance on available options
- research and compare policies from providers
- negotiate terms and premiums to find a plan that fits your budget.
Basically, they help find insurance tailored to your needs to save you time and effort.
How are brokers in the Cayman Islands paid?
Insurance brokers are third-party intermediaries, and their compensation comes from commission from the insurance provider as a percentage of the policy premium. However the broker may also charge a fee for their services, so ensure you clarify all fees, including commissions, processing charges and other extra costs, before engaging a broker so you know what to expect.
As an insurance broker acts as an intermediary, response time greatly depends on the insurance company which may slow the process. If speed is a priority, you can deal directly with the insurance companies in Cayman.
Find an Insurance Broker
The Cayman Islands has a number of reputable insurance brokers who can assist with health, life, property, business, and other insurance products.
Find insurance products for all your needs
Health Insurance
Guide to health insurance in the Cayman Islands: cost estimates, health insurance companies, independent insurance brokers, individual versus group plans.
Life Insurance
Life insurance in the Cayman Islands plays an important role in protecting your loved ones from financial hardship if the unexpected happens.
Home Insurance
Your home is likely your largest financial investment. Therefore, it’s essential to protect it with the right home insurance coverage in the Cayman Islands.
Car Insurance
Learn about the costs and rules on getting comprehensive insurance coverage or third party coverage for a vehicle in the Cayman Islands.
