Duggan Consulting Limited

NAME OF FEATURE | THE GLEANER | MONDAY, NOVEMBER 30, 2020 3 DUGGAN CONSULTING LTD 50TH ANNIVERSARY MESSAGE I CONGRATULATE Duggan Consulting Limited on 50 years of continuous operation in Jamaica. Having been originally established by UK-based owners 50 years ago, Duggan Consulting Limited has grown to serve a regional clientele even as the firm transitioned to local ownership and leadership. Since 1970, Duggan Consulting Limited has provided actuarial and consul- tancy services to awide cross-section of the private sector – in Jamaica and across the region, including Belize, St Lucia, Barbados, Dominica and Trinidad & Tobago. Additionally, Duggan Consulting Limited served as the actuarial adviser to the Office of the Superintendent of Insurance which preceded the Financial Services Commission of Jamaica. The Government of Jamaica con- tinues to create the right conditions for a thriving economy. This has in- cluded facilitating the unlocking of additional capital available to the private sector, through broadening the range of permissible assets in which pension funds can be in- vested. Globally, it is recognised that pensions and life insurance funds have an increasing role to play, and the growth of institutional capital over the last 30 or 40 years has led to a deepening of capital markets and has had a positive impact on growth. The Government is also seeking to broaden participation in pension schemes with reform geared at in- creasing flexibility and mobility of pension arrangements. Furthermore, improving general insurance pene- tration rates are important features of amore robust disaster risk frame- work. As such, the services provided by firms such as Duggan Consulting Limited are crucial. Congratulations again to Duggan Consulting Limited, and I am confi- dent that for the next 50 years and beyond, youwill continue toprovide sound and robust analysis and advice toyour clients in Jamaica andbeyond. DR NIGEL CLARKE Minister of Finance and the Public Service Confident of another 50 years of sound advice