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COLFIRE Chaguanas Office

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Contact person: COLFIRE Chaguanas Office

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Service category: Insurance


On 5th February, 1676, in a letter to fellow scientist, Robert Hooke, Sir Isaac Newton very modestly claimed that his success had been largely built on the previous hard work and achievements of others. He wrote, “If I have seen further, it is by standing on the shoulders of giants.” This is my exact sentiment as COLFIRE enters 2018 - our Diamond Jubilee year.
One of the giants whose shoulder we stand on is the late Cyril Lucius Duprey who founded COLFIRE in 1958 and commenced operations in Port of Spain, as a small specialized company of qualified Underwriters to assist customers. Cyril Duprey’s mantra was simple, “Give a man VALUE, give a man SERVICE and he will support you.” He predicted that one day COLFIRE would be a monument erected in the city of Port of Spain and that those who worked hard and stuck with the company, would be proud to say “I helped to build a block in this building.” Mr. Duprey instinctively knew that a successful business could only emerge if it has thoroughly satisfied customers. He also knew that the only goal that made economic sense is to deliver a sustained superior return on the capital invested over the long term.
Over the years, whilst our value proposition was not unique, COLFIRE has conducted its business affairs differently in terms of the value chain and, more importantly, in what we chose not to do. Naturally, this makes our corporate culture very difficult to compete against or to copy and, as we look back, we can actually identify some of the ingredients that the giants have left for us to follow: unselfish love, encouragement, a belief in ourselves and in our abilities and a willingness to support us in whatever we’ve tried to accomplish.
Since 1958, we have become a lot wiser through the thousands of unique client experiences that have thrilled, stretched and even challenged us along the way. We hope we have played a part in delivering more secure, resilient and efficient insurance products to the markets and contributing to the development and growth of the Trinidad and Tobago economy. As a continuously learning organization, we remain optimistic that the investment in our people will propel an emerging generation of talent within the industry and academia to make our world a much safer place; protecting hard-earned assets, livelihoods and shelter.
In September, 2017, COLFIRE launched the enhanced Affinity Card program to provide savings to our 70,000 plus policyholders with access to over 500 merchant locations. We are a firm believer that our policyholders should derive value beyond a competitive premium by saving all though the year using our discount laden Affinity Card.
COLFIRE is now a leading insurer, with an asset base in excess of $417 million, offering innovative solutions to meet the challenges of managing the underlying risks. We have forged practical links between the regulator and the industry to tackle key risks facing an economy and an insurance market in transition. We continue to build on the strength of our human and intellectual capital supported by business enabling technology to develop client centric products in a rapidly changing marketplace.

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Contact person: COLFIRE Chaguanas Office
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