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Insurance Commission of The Bahamas Launches the Region’s First InsurTech Course

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By LLONELLA GILBERT
Bahamas Information Services

NASSAU, The Bahamas – The Insurance Commission of The Bahamas has launched a six-week online program, known as the InsurTech Compliance, Innovation and Regulatory Practices (ICIRP) Course, which is a first in the region.

“The launch of this ICIRP Course demonstrates the Insurance Commission of The Bahamas’ dedication to being the pioneers in fostering innovation, enhancing compliance and upholding the highest regulatory standards in the insurance industry,” Minister of Economic Affairs the Hon. Michael Halkitis said during the launch at The Balmoral on Friday, January 24, 2025.
Minister Halkitis explained that the online program, which begins Saturday, January 25, 2025, represents a strategic collaboration between the Insurance Commission of The Bahamas, the Cambridge Centre for Alternative Finance at the University of Cambridge, and the Bahamas Institute of Financial Services.

“The ICIRP course reflects a forward-thinking approach, equipping financial service professionals with the necessary tools and exposure to international best practices, trends and typologies required to be innovators and free thinkers in this industry that is undergoing profound regulatory and legislative enhancements.”

He said, “As technology continues to redefine how we do business, this initiative ensures that our financial services professionals are prepared for the future and are taking intentional steps toward actively shaping our financial services ecosystem.”

The Economic Affairs Minister noted that the partnership with the University of Cambridge is particularly noteworthy.  “Cambridge is globally recognized for its leadership in advancing financial innovation, and this collaboration signifies the Insurance Commission’s commitment to excellence and progression in the industry.

“It reinforces The Bahamas’ reputation as a jurisdiction that encourages innovation, values professional development, embraces emerging technologies and prioritizes robust regulatory frameworks.”

The Superintendent of Insurance, Dana Munnings-Gray said, “The Insurance Commission of The Bahamas is proud to lead this groundbreaking initiative that bridges the gap between technology and the Insurance Industry.

“This course represents our commitment to fostering innovation and providing the tools and knowledge necessary to ensure regulatory excellence and industry growth.”

The course will cover key topics critical to the integration of technology within the insurance sector, digitalization, emerging technologies, regulatory considerations and future trends.

It is aimed at regulators, insurance professionals, compliance officers, legal experts, offering a robust foundation for understanding InsurTech’s transformative impact.

To register and learn more about the course, interested persons can go to the Insurance Commission of The Bahamas’ website at https://www.icb.gov.bs/.

PHOTO CAPTION

Minister of Economic Affairs the Hon. Michael Halkitis brought remarks at the the launch of the Insurance Commission of The Bahamas six-week online program, known as the InsurTech Compliance, Innovation and Regulatory Practices (ICIRP) Course held at The Balmoral on Friday, January 24, 2025.  The Superintendent of Insurance, Dana Munnings-Gray spoke to the media about the course.

(BIS Photos/Llonella Gilbert)

Bahamas News

Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

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Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

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Bahamas News

CBC Supports Opportunities for Young Bahamian Basketball Players

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NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Dasani products, proudly sponsored the fifth annual, Caribbean Hoopfest.

The tournament brings together Bahamian high school basketball teams and visiting teams from the United States for a competitive showcase at the Kendal G. L. Isaacs Gymnasium.  Following its inaugural year at the Kendal G. L. Isaacs gym and last year’s event at Loyola Hall, the tournament returned to the Kendal G. L. Isaacs gym this year.

During the weekend tournament, CBC kept athletes well hydrated with in-kind donations of Dasani Water, Powerade and Minute Maid Juices.

During the tournament’s final day, CBC provided additional support by offering Sprite No Sugar samples and inviting attendees to participate in its Spin the Wheel for a chance to win exciting prizes.

CBC was proud to support this incredible event, which provides young Bahamian athletes with valuable exposure to U.S. basketball scouts and coaches. This opportunity gives them the chance to earn scholarships, continue their education, and pursue their basketball careers in the United States.

Event organizer, Donald Francois shared his appreciation for CBC’s support.

“I want to express our sincere appreciation for Caribbean Bottling Company, who has been a tremendous supporter and an important part of the success of our program. Without CBC’s support, Caribbean Hoop Fest would not be able to function at the level it does today. And without Caribbean Hoop Fest, we would not have been able to provide the opportunities that have helped young Bahamian athletes gain exposure and pursue educational opportunities in the United States,” he expressed.

Since the program’s inception, several Bahamian student-athletes have been selected for scholarship opportunities, highlighting the tournament’s growing impact on the development and advancement of young basketball talent in The Bahamas.

They are: Kelvin McDowells – Guard, Wodson Antoine – Power Forward, Justin Lafleur – Guard and Sean John – Guard.

After another successful edition of the tournament, Francois shared what he hopes he and Caribbean Bottling Company can achieve in the future.

“Our vision is bigger than basketball. We want to use the platform of Caribbean Hoop Fest to educate, develop, and create opportunities for young people and their families throughout the Bahamas. With individuals and organizations committed to our mission, we believe we can continue to grow the program and make an even greater impact,” Francois said.

For more details on community support, events and new products visit Caribbean Bottling Company at www.cbcbahamas.com today.

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Bahamas News

More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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