Sagicor Group Jamaica Limited has created a new position for a head of group technology and redefined the jobs of three other top executives – changes that focus in the main on the financial conglomerate’s flagship insurance business.

The company, which is one of the top three profit-makers on the stock market, said it is reorganising for growth.

“These changes are designed to effect greater efficiencies, streamline, and strengthen our operations and transform our business with an ultimate goal of deepening our focus on our clients and the development of our people,” Sagicor Group President and CEO Christopher Zacca said in a statement.

Insurance remains its flagship business and key source of profit and revenue. Its other business lines include banking, investments, and property services. Sagicor is also Jamaica’s largest pension fund manager, a function that falls under the life insurance subsidiary.

Last year, Sagicor Group’s net revenue topped $102 billion, a new record that reflected a steep 21 per cent gain in top-line income year on year; but insurance premiums, while accounting for half of net revenue, only improved by a sluggish five per cent to around $53 billion.

The company is putting new emphasis on its digitalisation effort through the recruitment of Howard Gordon, formerly a senior manager in charge of technology at top bank National Commercial Bank Jamaica.

https://www.sagicor.com/en-jm/news/sagicor%20group%20puts%20focus%20on%20tech%20in%20management%20shuffle