Coralisle
- Company typePrivate
- Founded1958
- HeadquartersHamilton, Bermuda
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
Coralisle firmographics
Firmographics- Name
- Coralisle
- Legal name
- Coralisle Group Ltd.
- Website
- https://cgcoralisle.com
- Company type
- Private
- Founded year
- 1958
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Coralisle industry classification
Industry- Product category
- Insurance and Pension Services
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Health and Medical Insurance Carriers (524114), Direct Life Insurance Carriers (524113), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Accident & Health Insurance (6321), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Mid-Market Commercial Package (Package Policies) (FSAJAFAB)
- akta.pro secondary industries
- Commercial General Liability (CGL) (FSAJADAA), Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ)
Keywords
Where Coralisle is headquartered
LocationHeadquarters
- HQ city
- Hamilton
- HQ country
- Bermuda
Offices8 records
Markets served
Coralisle business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Premiums - Health: Revenue from individual and group health insurance policies including Premier Health, Provident Plan, HIP Enhanced, and Solus Health plans. Provides coverage for inpatient, outpatient, emergency, maternity, pharmacy, and preventative care with optional dental and vision benefits.
- Insurance Premiums - Property & Casualty: Revenue from personal and business property & casualty insurance including car, bike, home & contents, travel, marine, condo, and commercial vehicle insurance. Business covers include public liability, professional indemnity, business interruption, contractor's insurance, buildings, contents, cyber insurance, and shipping insurance.
- Insurance Premiums - Life: Revenue from individual and business life insurance products including Whole Life, Level Term Life, and Decreasing Term Life policies. Business life insurance covers key employee protection, buy-sell agreements, and succession planning.
- Pension Administration & Asset Management: Revenue from managing group pension plans, individual retirement plans, and post-retirement products. The company acts as administrator and investment manager with assets under management. Features investment fund performance tracking, self-directed and managed risk profile options, and $813M+ in assets under management as of December 2023.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | Travel Insurance - Single Trip |
| Subscription | Annual | Travel Insurance - Annual Plan |
| Subscription | Annual | Bundle Discounts |
| Subscription | Annual | Commercial Vehicle Insurance - No Claims Discount |
| Subscription | Annual | Bike Insurance - No Claims Discount |
| Subscription | Monthly | Pension - Additional Voluntary Contributions |
| Subscription | Pay-as-you-go | Life Insurance - Single Premium |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Coralisle product offering
Product offeringCore offering
Coralisle Group Ltd. (also known as CG Insurance) is a pan-Caribbean insurance and pension provider offering health insurance, property and casualty insurance, life insurance, and pension administration products to individuals and businesses across 21+ Caribbean jurisdictions. The company distributes through directly operated offices, an online self-service portal (hellocgi.com), and a network of agents and brokers, with $813M+ in pension assets under management and over 1.2 million healthcare claims processed annually.
Product overview
Coralisle Group operates as a pan-Caribbean insurance and pension provider offering a comprehensive portfolio of products organized across multiple sub-brands. The core health insurance offerings include Premier Health, Provident Plan, Island Plan, and HIP plans for employers and individuals, with Solus Health serving as a dedicated sub-brand for self-paid individual coverage. Property and casualty insurance is delivered through Road User (motor), Home Options, Business Options, Office Options, Condo Options, TravelSure (travel), and Marine products. Life insurance is centralized under the Life Choices brand offering Whole Life, Level Term, and Decreasing Term products. Pension and retirement services operate under the Custodian brand with group and individual investment plans. Customers access services through integrated online portals including the CG Customer Portal for policy and claims management and the CG Pensions Portal for retirement account administration. The company also offers a Zest Wellness Program as a value-added health benefit.
Differentiator
Problem solved
Functional benefit
Brands
- Road User: Property and Casualty Insurance brand for motor vehicle coverage.
- Home Options
- Business Options
- Office Options
- Condo Options
- TravelSure
- Premier Health
- Solus Health
- Provident Plan
- Island Plan
- HIP
- Custodian
- Life Choices
Products and services
- Individual Health Insurance Personal health insurance offering for individuals and families, providing medical protection and access to healthcare providers in the Caribbean and globally, including access to over 1 million AETNA ASA U.S. network providers. Plans include Premier Health, Provident Plan, HIP Enhanced, Island Plan, and Solus Health.
- Group Health Insurance Employer-provided health insurance plan with management tools and ancillary benefits including dental, vision, life, critical illness, and disability coverage for employees.
- Car Insurance Personal vehicle insurance offering comprehensive and third-party protection for individuals, with bundle discounts available when combined with home insurance.
- Bike Insurance Motorcycle and bicycle insurance with comprehensive, third-party fire and theft, and basic third-party coverage options, with up to 20% no-claims discounts and bundle savings with home insurance.
- Home and Contents Insurance Residential property and contents insurance protecting homes against natural disasters (including hurricanes), theft, fire, and other covered events.
- Marine Insurance Watercraft insurance for sailboats, cabin cruisers, and other vessels, covering weather damage, fire, theft, and third-party liability.
- Condo Insurance Condominium association insurance covering building damage, common areas, liability, and directors and officers protection.
- Travel Insurance (TravelSure) Travel insurance covering medical emergencies, baggage loss, trip cancellation, and personal accident, with single-trip and annual plans available.
- Commercial Vehicle Insurance Business vehicle insurance for cars, vans, freight trucks, taxis, and specialty vehicles, with up to 40% no-claims discounts for clean claim histories.
- Business Insurance Comprehensive commercial insurance covering public liability, professional indemnity, business interruption, contractor's insurance, buildings, contents, workers' compensation, cyber, and shipping insurance.
- Personal Life Insurance (Life Choices) Individual life insurance offering Whole Life, Level Term Life, and Decreasing Term Life products with optional annuity options for personal financial security.
- Business Life Insurance Corporate life insurance protecting businesses against loss of key employees, with Whole Life and Level Term Life options for buy-sell agreements and succession planning.
- Pensions (Custodian) Retirement planning services including group pension plans, self-directed and managed risk investment options, and pension administration with $813M+ assets under management and 21,000+ active members across CG jurisdictions.
Quantifiable outcome
- Claims processed: 982,929 medical claims in 2022, 1,217,831 in 2024
- +4 more outcomes
Companies that use Coralisle
Customer profileSegments3 records
Ideal customer profiles3 records
Coralisle technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Coralisle partnerships and signals
Strategic signalScale indicators13 records
Recent moves8 records
Expansion highlights6 records
Coralisle competitors and assessment
Company assessmentDirect peers
- Sagicor Financial Company: Pan-Caribbean life, health, and pensions provider with comparable multi-jurisdiction presence and an integrated insurance + asset management model similar to Coralisle's pension and life franchises.
- BF&M Limited: Bermuda-based diversified insurer and pensions provider, comparable in domicile, multi-line product mix (P&C, life, health, pensions), and A.M. Best A financial strength rating.
- Pan-American Life Insurance Group (PALIG): U.S.-headquartered carrier operating across the Caribbean and Latin America with life, health, and group benefits — directly comparable to Coralisle's Premier Health and Life Choices products.
- Guardian Group (Trinidad and Tobago): Major Caribbean insurance and financial services group operating across the same regional markets as Coralisle, with overlapping life, health, and general insurance offerings.
Regional players
- NCB Insurance Company Limited: Jamaica-domiciled insurer with life, health, and general insurance offerings, directly comparable to Coralisle's Jamaica jurisdiction book.
- ICWI Group: Jamaica-based general insurer operating across multiple Caribbean territories; competes with Coralisle's Road User, Home Options, and Business Options in the English-speaking Caribbean.
- Colina Insurance Limited: Bahamas-based insurance carrier offering life, health, and general insurance with overlapping Caribbean market exposure to Coralisle's Bahamas operations.
Others
- BritCay / BritCayman Insurance: Cayman Islands insurance provider and direct competitor to Coralisle's Cayman subsidiaries in property & casualty and health lines within the Cayman market.
Broad incumbents
- Massy Holdings: Trinidad-headquartered conglomerate and the former parent of CG United Insurance (the entity Coralisle acquired in 2022); provides a comparable Caribbean insurance benchmark and overlapping distribution.
- RBC Insurance Caribbean: Insurance arm of RBC Royal Bank operating across the Caribbean with life, health, and general insurance products that overlap with Coralisle's portfolio in multiple shared jurisdictions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Coralisle social profiles
Digital presenceCoralisle financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coralisle leadership team
Management profileNumber of profiles
Profiles1 record
Coralisle subsidiaries and ownership
Company hierarchySubsidiaries15 records
Coralisle funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coralisle M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coralisle
What does Coralisle do?
Coralisle Group Ltd. (also known as CG Insurance) is a pan-Caribbean insurance and pension provider offering health insurance, property and casualty insurance, life insurance, and pension administration products to individuals and businesses across 21+ Caribbean jurisdictions. The company distributes through directly operated offices, an online self-service portal (hellocgi.com), and a network of agents and brokers, with $813M+ in pension assets under management and over 1.2 million healthcare claims processed annually.
Is Coralisle a public or private company?
Coralisle is a private company. It is classified as unknown and is currently operating.
When was Coralisle founded?
Coralisle was founded in 1958. It employs 501 to 1,000 people.
Where is Coralisle based?
Coralisle is headquartered in Hamilton, Bermuda.
How does Coralisle make money?
Four revenue lines are on record. Insurance Premiums - Health is the primary driver. The others are insurance Premiums - Property & Casualty, insurance Premiums - Life and pension Administration & Asset Management.
Who are Coralisle's main competitors?
Direct peers on record are Sagicor Financial Company, BF&M Limited, Pan-American Life Insurance Group (PALIG) and Guardian Group (Trinidad and Tobago). Regional players are NCB Insurance Company Limited, ICWI Group and Colina Insurance Limited. BritCay / BritCayman Insurance is listed as an others. Broad incumbents are Massy Holdings and RBC Insurance Caribbean.
Does Coralisle have an API?
No public API is recorded for Coralisle.
What industry is Coralisle in?
Coralisle's product category is Insurance and Pension Services. Its primary akta.pro industry code is FSAJAFAB, Mid-Market Commercial Package (Package Policies), with a secondary code of FSAJADAA, Commercial General Liability (CGL). Its NAICS code is 524126 and its SIC code is 6331.