If a Clico Insurance Agent calls today I would be polite and tell him to sell for another company. What will the Clico Insurance Agent offer customers? Will Agents say how many years Clico was in business before collapsing? Will Agents promise customers peace of mind, stability, security and Government backing? Can the Government appointed Board inspire customer confidence? Will Clico be run like the hospitals or the Ministry of Works? Can Agents promise it won’t?
The Clico Insurance Agent has almost nothing to offer customers other than the past misdeeds of the previous owners. Owners who gambled with people’s pensions and savings. Owners who should be investigated by the police. How can anything on Clico’s website have any importance to today’s buyer. The website is only a piece of history and has nothing to do with the new Government sponsored company. People cannot base any future business on Clico’s boast of the past. On Clico’s website one requirement for potential Insurance Agents is “The Candidate should be free from personal financial problems.” This sounds like a sick joke.
Maybe in a recession people buy more insurance because people think more about suicide and insurance with Clico has a suicidal feel about it. If Clico cannot generate new business would the existing investors and pension fund holders suffer? I don’t know the answers and I am not willing to gamble my money to find out.