At Insurance Corporation, we are committed to finding bespoke and customer driven insurance solutions for our Channel Island customers. We are here to help people, businesses and society prosper in good times and be resilient in bad times.
Insurance Corporation was established by Peter Walpole in 1982 with a share capital of £500,000. Within 18 months Insurance Corporation had won the States of Guernsey business, and later added the States of Jersey and Alderney accounts, all of which we still hold, alongside the business of many of the Islands’ leading companies and organisations.
First local Insurer
The Channel Islands presented an ideal environment in which to set up the business. Until then, insurers tended to treat the island as just another English county and so the island’s brokers had no local insurer to whom they could look. Insurance Corporation was able to offer a local service providing policies and premiums geared purely towards the local risk environment, rather than that in the UK.
Redefining the local market
One of our underlying beliefs was that, on the political and regulatory fronts, there was less bureaucracy and more encouragement for the entrepreneurs in the Channel Islands than in the UK, enabling Insurance Corporation to quickly produce more innovative and flexible products.
In 1985, now with a team of 10, Insurance Corporation was granted a permit to operate in Jersey. A year later, the Company was sold to Royal Insurance Plc and today continues to operate as an autonomous subsidiary of RSA Insurance Group Ltd. Since then the local, domestic insurance business of Royal Insurance, Sun Alliance Insurance and Generali have been integrated into our portfolio.
The year 2011 sees Insurance Corporation based at Dixcart House, St Peter Port and with an underwriting room in Queen Street, St Helier. We have evolved into the Channel Islands’ leading insurer with over thirty thousand policyholders and insuring a wide range of risks from houses, cars and yachts to department stores, power stations, farms and ferries. To maintain this position, we place a high emphasis on our staff attaining professional qualifications.
Our business is built on our local presence. We have local underwriting teams who understand the risks on the Islands, ensuring our local rates and decision making reflect our customer needs. Our brilliant claims service, caring community support and the strength of our RSA backing all allow for focussed capability with a local outlook. It is the guiding principle for all we do and how we act, now and into the future.
Be honest, open and fair
Set high standards
Stand up for what is right
Listen to our customers
Make it easy, find solutions
Deliver second-to-none experience
Protect the environment
Make our communities more reslient
See diversity as a strength
Be inclusive and collaborate
Act with discipline and drive to outperform
Embrace change, improve every day
Celebrate success, yet remain humble
Demonstrating capability you can rely on
We are extremely proud to have been awarded the prestigious Chartered Insurers status by the Chartered Insurance Institute (CII). This exclusive accreditation is only awarded to firms that meet rigorous criteria relating to professionalism and capability, which places us in a very select group of companies. You can be assured of our commitment to you.
As a chartered firm we:
are accredited by a professional body
display a universal badge of professionalism
invest in people with knowledge appropriate for their role
have committed to an ethical code
exceed minimum standards
commit to good practice and good customer outcomes
give back to society