Canopy Insurance has disclosed plans to enter the individual life insurance business as early as the second quarter of next year.

Individual life insurance refers to a life insurance policy covering a single life, in contrast to group life insurance, which covers many lives.

“We started with group health primarily and as we went along we recognised that there are customers who are asking for group life, so we do group health and group life, you pair them together and you’re doing a good pack of business,” Canopy’s Acting CEO Oliver Tomlinson, who’s been appointed in the interim role, told the Jamaica Observer.

“The idea now is to say how about looking at some other products, some individual life- type products that customers would be very interested in,” he added.

“My idea for Canopy is to make sure that the company is covering all my clients, I like to say, from the cradle to the grave and even beyond.”

Canopy is a technology-driven health and life insurer, powered by GraceKennedy and the Musson Group.

https://www.jamaicaobserver.com/business/canopy-going-into-individual-life-insurance/#:~:text=Canopy%20Insurance%20has%20disclosed%20plans%20to%20enter%20the,to%20group%20life%20insurance%2C%20which%20covers%20many%20lives.