Align, Build, Grow Pwc Caribbean 2014

www.pwc.com/cb

Align, Build, Grow

PwC Caribbean 2014

Supporting leading sectors in the Caribbean with the strength of our industry knowledge, capabilities and experience

©John Matheson

“Coming together is a beginning; keeping together is progress; working together is success”

— Henry Ford

Best wishes for 2014

The biggest issue we see facing our clients revolves around how

to grow profitably in a challenging economic environment – and this goes for all types of businesses – whether local, regional or international in scope. When we surveyed business leaders in our 16th Annual Global CEO Survey, we found they were continuing to refine their operations, looking to cut costs without reducing value and seeking organic growth opportunities without large outlays of capital. Most important, they said they had a clear focus on customers, and were working with them more closely than ever on programmes to stimulate demand, loyalty and joint innovation. that two qualifications give us a distinct advantage: We have highly

talented and experienced people with the right skills and capabilities

necessary to tackle the issues and opportunities facing our clients. Secondly, we have the best network of ﬁrms in the Caribbean and in

157 countries around the world to deliver services no matter where our clients operate.

More than ever, our focus is on how we can improve the delivery

of our services to our clients and increase their opportunities for

success. We remain extremely humbled that organisations around the Caribbean and beyond continue to turn to us for help and advice.
We work closely with our clients to help navigate change, transform their operating models, grow their business and build value for their customers – this is what PwC Caribbean does best. I believe

Darren Johnston, CEO, PwC Caribbean

Our primary industries and sectors include:

Who we are

Asset management

PwC Caribbean is an integrated network of

seven ﬁrms. Together, we serve clients across the region in Bahamas, Bermuda, Cayman Islands, East Caribbean (Barbados and BVI), Jamaica, T r inidad & Tobago and Turks & Caicos.

Banking Consumer and industrial products and services Energy and utilities Telecoms

We provide quality assurance, advisory, tax and corporate services to international, regional and local businesses, as well as a variety of government organisations.

Insurance and reinsurance Hospitality and tourism

Our 1,200 people work hard every day to help our clients succeed by navigating change, improving their operations, growing their business and delivering value to their customers. We also have ready access to the talent and expertise of 184,000 people in 157 countries across the

PwC global network to achieve these aims.

To learn more, visit us at www.pwc.com/cb

This content is for general information purposes only and should not be used as a substitute for consultation with professional advisors. © 2013 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its

member ﬁrms, each of which is a separate legal entity. Please see www.pwc.com/structure

for further details.

PwC Caribbean

Also contact for queries on

Territory

Ofﬁce address

Telephone

Facsimile

(242) 302-5300

(242) 302-5350

The Bahamas (BS)

Providence House, East Hill St., Nassau

East Caribbean • Barbados (BB)

(246) 626-6700

(284) 494 4100

(246) 436-1275

(284) 494 4480

Anguilla, Antigua, Dominica, Grenada, Montserrat, St. Kitts-Nevis, St. Lucia,

St. Vincent & the Grenadines

Barbados

The Financial Services Centre, Bishop’s Court Hill, St. Michael BB14004

• British Virgin Islands (BVI)

British Virgin Islands

Level 2, 139 Main Street Road Town, Tortola

(441) 295-1242

(345) 949-7352

Bermuda (BM)

Dorchester House, 7 Church Street West,

Hamilton HM 11

(441) 299-7136 (345) 949-7000

Cayman Islands (KY)

Strathvale House, 90 North Church Street, George Town, Grand Cayman

Jamaica (JM)

Scotiabank Centre, Duke Street, Kingston

(876) 922-6230 (868) 299-0700

(876) 967-1949

(868) 623-6025

Belize

Trinidad & Tobago (TT)

PricewaterhouseCoopers Building, 11-13 Victoria Avenue, Port-of-Spain

Guyana

(649) 946-4890

(649) 946-4892

Turks & Caicos (TC)

Abacus House, Tropicana Plaza, Leeward Highway, Providenciales

Ofﬁces also in Freeport, Grand Bahama (The Bahamas), Montego Bay (Jamaica), and San Fernando (Trinidad).

Bermuda

U . S . A .

Bermuda and the Caribbean

G U L F O F M E X I C O

Bahamas

A T L A N T I C O C E A N

Turks and Caicos

British Virgin
Islands
Cayman Islands
Jamaica

C A R I B B E A N
S E A

Barbados
Trinidad & Tobago

“Dream no small dreams for they have no power to

move the hearts of men”

— Johann Wolfgang von Goethe

©Brian Rosen

December

January 2014

S

M

T

W

T

F

S

1

2

3

4

5

6

7
8

9

10 11 12 13 14

Sun

Mon

Tue

Wed

Thu

Fri

Sat

15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

29

30

31

1

2

3

4

NEW YEAR’S

5

6

7

8

9

10

11

18 25

1

February

BS

S

M

T

W

T

F

S

18

12 19 26

2

13 20

14

15

22 29

5

16 23 30

6

17 24 31

7

29

3

4

5

6

7

10 11 12 13 14 15
16 17 18 19 20 21 22 23 24 25 26 27 28

21

BB

27

28

4

KY

3

8

The Bahamas 1 January 10 January 18 April
Barbados 1 January 21 January 18 April 21 April 28 April 1 May
Bermuda 1 January 18 April 26 May
Cayman Islands 1 January 27 January 5 March
New Year’s Day Majority Rule Day Good Friday
New Year’s Day Errol Barrow Day Good Friday
New Year’s Day Good Friday
New Year’s Day National Heroes Day Ash Wednesday Good Friday
Bermuda Day

21 April

Easter Monday

Labour Day
Easter Monday National Heroes Day Labour Day
16 June 31 July
National Heroes Day Emancipation Day Somer’s Day
18 April

6 June

21 April

Easter Monday

Discovery Day

9 June

Whit Monday

1 August

19 May

10 July

Independence Day

Emancipation Day Discovery Day

9 June

Whit Monday

1 September Labour Day

11 November Remembrance Day 25 December Christmas Day 26 December Boxing Day

16 June

Queen’s Birthday

Constitution Day

4 August

13 October
1 August 4 August
Emancipation Day Kadooment Day
7 July 10 November Remembrance Day 25 December Christmas Day 26 December Boxing Day
25 December Christmas Day 26 December Boxing Day
30 November Independence Day

(observed Mon. Dec. 1)

Jamaica

Trinidad & Tobago

Turks & Caicos

2014

1 January 5 March 18 April 21 April 23 May
New Year’s Day Ash Wednesday Good Friday

1 January

New Year’s Day

1 January

10 March 18 April 21 April 28 May
New Year’s Day Commonwealth Day Good Friday

3 - 4 March

Carnival Monday and

Tuesday

National holidays

Easter Monday Labour Day

30 March

Spiritual Baptist

Shouter Liberation Day
Easter Monday National Heroes Day
1 August 6 August
Emancipation Day Independence Day
18 April 21 April 30 May

Good Friday

16 June

Her Majesty The

Queen’s Birthday
Easter Monday

Indian Arrival Day Corpus Christi Labour Day
20 October National Heroes Day 25 December Christmas Day

26 December Boxing Day

4 August

Emancipation Day

19 June 19 June 1 August 31 August
28 September National Youth Day 13 October 25 October
Columbus Day
Emancipation Day Independence Day
International Human Rights Day

24 September Republic Day (as decreed) Eid-ul-Fitr (as decreed) Divali

“Strive not to be a success,

but rather to be of value”

— Albert Einstein

January

February 2014

S

M

T

W

T

F

S

18

29
3

4
5

6

7

10 11

Sun

Mon

Tue

Wed

Thu

Fri

Sat

12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

26

27

28

29

30

31

1

March

2

3

4

5

6

7

8

S

M

T

W

T

F

S

18

9

10

17 24

3

11 18 25

4

12 19 26

5

13 20 27

6

14 21 28

7

15 22

1

29

3

4

5

6

7

10 11 12 13 14 15
16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

16 23

2

8

Insurance and reinsurance

Transformational changes are putting existing insurance business models at risk. Insurers that succeed will:

Our Insurance and Reinsurance practice is a leading provider of professional services to life, commercial, captive, and casualty insurers and reinsurers, and insurance brokers.
• Quickly adapt

• Focus on the customer

We can help insurance and reinsurance companies with the issues, trends and challenges they face, including:

• Continuously improve and build their analytical capability
• Innovate and reinvent

• Business strategy
They will anticipate change and quickly capitalise on emerging opportunities.

• Corporate governance • Risk and capital management • Fraud risks and controls • Policy administration, claims and billing transformation

Those slow to respond to change risk ﬁnding themselves priced out of the market, falling short of customer expectations, and under threat from aggressive new entrants.

• Actuarial issues • Regulatory compliance • Financial reporting, including insurance contracts and statutory accounting
• Taxation • Mergers and acquisitions

In the Caribbean, the insurance industry faces a particularly challenging environment with regulatory pressures, changing trading blocks and ﬁerce, relentless competition.

• Entity creation and corporate secretarial and advisory support

“It is in your moments of decision that your destiny is shaped”

— Tony Robbins

February

March 2014

S

M

T

W

T

F

S