GK General Insurance

What GK General Insurance does

GK General Insurance (GKGI) is a Jamaican general insurance provider founded in 1981 and operating as a subsidiary of the GraceKennedy Group, one of Jamaica's largest conglomerates. The company is licensed under Jamaica's Insurance Act, 2001, and is headquartered in New Kingston, Jamaica, with a workforce of 11-50 employees. It distributes through eight physical branches across Jamaica supplemented by brokers/agents, phone, and online channels, and operates digital self-service platforms including gkgonline.com, the My Policy portal, and the GKGI ONE unified platform launched in 2026. GKGI offers a multi-line general insurance book spanning motor, home, contents, all-risk, travel, and SME products under the Premier Biz banner. In 2021 the company launched GK Weather Protect, a parametric weather-index product targeted at Jamaican farmers and fishers, which validated its operational model in 2025 when 134 of 186 insured farmers received payouts totaling approximately $5.44M following Hurricane Melissa. The company has since added Cyber Control, a cyber risk product, and partnered with the Jamaica Network of Rural Women Producers (JNRWP) and C.A.R.E. to extend parametric coverage to female smallholder farmers, signaling diversification into adjacent risk lines and underserved customer segments while remaining geographically concentrated in Jamaica.

Name

GK General Insurance

Legal name

GK General Insurance Company Limited

Website

https://gk-insurance.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

GK General Insurance is a Jamaica-focused general insurer offering motor, home, SME, travel, cyber, and parametric weather-index products to individual and small business customers across eight branches and digital channels under the GraceKennedy Group.

Ownership category

akta.pro rank

Product category

General Insurance (Property & Casualty)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

General Liability Insurance (FSAJAMAE)

akta.pro secondary industry

Commercial General Liability (CGL) (FSAJADAA)

Keywords

• General insurance
• Motor insurance
• Home insurance
• Parametric insurance
• Small business insurance

Headquarters

HQ city

New Kingston

HQ country

Jamaica

HQ region

Latin America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Insurance Premiums: GK General Insurance generates revenue primarily through insurance premiums collected from policyholders. The company offers various insurance products including motor, home, contents, all-risk, cyber control, and business insurance. Premiums are collected on a recurring basis with policy terms typically annual.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

GK General Insurance is a Jamaica-licensed general insurance provider offering motor, home, contents, all-risk, cyber, and SME business insurance products to Jamaican consumers and businesses. The company also distributes GK Weather Protect, a parametric insurance policy for farmers and fishers that pays out automatically based on weather triggers such as excessive rainfall, drought, and hurricane-force winds.

Product overview

GK General Insurance (GKGI) is a general insurance provider operating in Jamaica and licensed under the Insurance Act, 2001, and a member of the GraceKennedy Group. The company offers a comprehensive portfolio of insurance products through both digital platforms and branch locations. Its core product lineup includes Motor Insurance, Home Insurance, Contents Insurance, Cyber Control, Premier Biz (for SMEs), All Risk Insurance, and GK Weather Protect (parametric insurance for agriculture). GKGI operates through multiple distribution channels including the GKGOnline digital platform for online purchases and renewals, the My Policy customer portal for account management, and physical branch locations across Jamaica.

Differentiator

Problem solved

Functional benefit

Brands

• GK Weather Protect: Parametric insurance policy for farmers and fisherfolk covering excessive rainfall, drought, and hurricane-force winds.
• GK General Insurance Travel Insurance
• GKVR

Products and services

• Motor Insurance Vehicle insurance coverage for individual Jamaican consumers, offering comprehensive and third-party liability options with customer service exceeding premium expectations and included roadside assistance on comprehensively insured policies.
• Home Insurance Property insurance for Jamaican homeowners covering full replacement value of the home based on the last valuation, the standard industry catastrophe deductible, alternative accommodations, debris removal, professional fees, legal fees, awnings/walls/gates/fences, and liability up to $2 million. Title or other legal documents are covered up to $20,000.
• Contents Insurance Personal belongings coverage for individuals who may not own the building, insuring up to $1 million of assets for less than $15,000 per year, with all-risks cover for valuables such as jewellery, digital cameras, and laptops, plus liability up to $2 million for employers and public.
• Cyber Control Insurance coverage safeguarding individuals and businesses against disruptions and losses arising from cyber-attacks, including debit/credit card fraud, compromised account passwords, identity theft, viruses, ransomware, and data breaches. Also covers business interruption, digital asset destruction, incident response expenses, and legal fees and suits.
• Premier Biz Super-combined property, liability, crime, accident, and engineering policy designed specifically for the Jamaican SME sector. Covers buildings, contents, and stock with warranties against burglary, looting, accidental damage to plate glass, and machinery/equipment breakdown, plus business interruption coverage, loss of money, personal accident, goods in transit, fidelity guarantee, and computer/electronic equipment all-risks coverage.
• All Risk Insurance Coverage for individuals against all risks of loss or damage to valuable personal items such as cameras or jewellery, and for construction projects physical loss or damage to property that is under construction, with insurer interest in prior completed jobs, physical hazards, contract duration, site security, and type of contract work.
• GK Weather Protect Parametric insurance policy for Jamaican farmers and fisherfolk providing flexible coverage against weather-related perils including excessive rainfall, drought, and hurricane-force winds. Uses automatic weather-triggered payouts rather than traditional claims assessment, with coverage starting at $50,000 and no monthly payments required.

Quantifiable outcome

• Purchase insurance coverage in as little as 10 minutes
• +3 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered core, major and minor.

• GraceKennedy GroupcoreStrategic or Co-development PartnerGK General Insurance is a wholly-owned subsidiary member of the GraceKennedy Group of companies. The parent company provides strategic direction, brand credibility, and operational synergies across the financial services segment.
• Allied Insurance BrokersmajorChannel Partner/ Reseller/ DistributorListed as a key broker partner with office at 26 Belmont Road, Kingston 5. Represents GK Insurance products to customers seeking insurance through broker channels.
• Billy Craig Insurance BrokersmajorChannel Partner/ Reseller/ DistributorMajor broker partner with head office in Montego Bay and branch in Kingston. One of the listed broker partners for GK Insurance distribution.
• CGM Gallagher Insurance BrokersmajorChannel Partner/ Reseller/ DistributorKey broker partner with offices at 27 Harbour St Kingston (Head Office) and locations in Ocho Rios. Distributes GK Insurance products.
• GraceKennedy Money ServicesminorChannel Partner/ Reseller/ DistributorRelated company within GraceKennedy Group that may cross-sell or refer GK Insurance products to its customer base.
• Insurance Association of JamaicaminorOthersListed as an affiliate/organization GK Insurance is connected with through industry membership.
• Jamaica Network of Rural Women Producers (JNRWP)majorStrategic or Co-development PartnerKey partnership for GK Weather Protect parametric insurance programme targeting female farmers. 30 members received first round payouts totaling J$2.2 million following Hurricane Melissa. All 30 JNRWP members received support valued at $2,207,500.
• C.A.R.E. InternationalminorStrategic or Co-development PartnerHumanitarian organization mentioned as partner at GK Weather Protect payout ceremony. Caribbean Humanitarian Response Lead Jonathan Arageti and Senior Humanitarian Director Camille Davis participated in the event.
• GK CapitalminorStrategic or Co-development PartnerGK Capital Management collaborated with GK Insurance on Labour Day projects including End Time Basic School upliftment and ECI certification.
• Grace & Staff Community Development FoundationminorStrategic or Co-development PartnerFoundation collaborates with GK Insurance on community projects including school renovations, kitchenette refurbishments for JCF Canine Division, and GK Campus Connect Food Bank initiative.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Guardian Group Caribbean: Guardian Holdings operates P&C insurance subsidiaries across the Caribbean. It is a regional direct competitor in general insurance lines and has similar multi-jurisdictional Caribbean exposure to what GKGI could scale into.
• NCB Insurance Company: NCB Insurance is the general insurance arm of NCB Financial Group, a major Jamaican financial conglomerate. Like GKGI, it leverages a parent financial-services ecosystem for distribution and competes in motor, home, and SME lines.
• JN Group: Jamaica National Group operates a general insurance arm (JN General Insurance) serving Jamaican consumers and businesses with motor, home, and SME products. Similar customer base, branch-led distribution, and conglomerate backing to GKGI.
• Sagicor Group Jamaica: Sagicor operates a Jamaican general insurance arm (Sagicor General Insurance Jamaica) offering motor, property, and commercial cover. Comparable in scale, brand strength, and Caribbean geographic footprint to GKGI.
• CUNA Caribbean Insurance Society: CUNA Caribbean provides general insurance to credit-union members across several Caribbean islands, including Jamaica. It is a comparable P&C carrier with cooperative distribution channels similar in spirit to GKGI's broker network.
• ICWI Group: Insurance Company of the West Indies is a long-standing Jamaican general insurance carrier offering motor, property, and commercial coverage through a similar multi-channel model. It is the most direct head-to-head competitor to GKGI in the Jamaican P&C market.

Broad incumbents

• Pan-American Life Insurance Group: Pan-American Life is a broad incumbent insurer with deep Caribbean distribution offering life, health, and some P&C products. It is comparable as a wider-portfolio incumbent operating across Caribbean geographies GKGI could expand into.

Regional players

• RF&G Insurance: RF&G is a Belize-based insurance group operating in general insurance across the Caribbean. It is comparable as a regional P&C carrier but does not directly overlap in the Jamaican market, making it a regional rather than direct peer.
• Cayman National Insurance: Cayman National Insurance Company is a Cayman-based general insurer offering motor, property, and commercial coverage. It is comparable in product mix but operates in a different Caribbean geography from GKGI.

Emerging players

• Blue Marble Microinsurance: Blue Marble is an emerging parametric and microinsurance specialist active in climate-vulnerable markets. It is comparable in product design (parametric weather triggers) and emerging-market distribution, making it a relevant peer to GK Weather Protect specifically.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/gkinsurance_ja
• YouTubeyoutube.com/channel/UCn1TF_t9zTNHwjNOU57M4IQ
• Facebookfacebook.com/GKGICJA
• Instagraminstagram.com/gkinsuranceja
• LinkedInlinkedin.com/company/gk-general-insurance---gki

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GK General Insurance