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Critical illness insurance is a financial safety net designed to provide a lump-sum payment upon the diagnosis of a severe medical condition such as cancer, heart attack, or stroke. Unlike traditional health insurance, which primarily covers medical expenses, this policy offers flexibility in how the funds are utilized—whether for hospital bills, income replacement, daily living costs, or long-term financial planning. This type of insurance is particularly valuable as it addresses the broader economic impact of serious illnesses, which can disrupt earnings and deplete savings. Globally, the critical illness insurance market was valued at $192.3 billion in 2022 and is projected to expand significantly in the coming years. Despite its importance, only 12% of adults in the UK, for instance, have such coverage, even though one in three individuals is likely to face a critical health condition in their lifetime. In Trinidad and Tobago, non-communicable diseases like heart disease and cancer are leading causes of mortality and healthcare demand, underscoring the relevance of this insurance. For families, especially those reliant on a single income, critical illness insurance ensures financial stability during challenging times. Purchasing a policy early, while young and healthy, can also result in lower premiums. Ultimately, this insurance is not just about preparing for the worst but about protecting one’s legacy, dignity, and future.

The latest Global Economic Conditions Survey (GECS), jointly conducted by the ACCA and IMA, has revealed a slight decline in confidence among global accountants in the third quarter of 2025, following a modest recovery in the previous quarter. The survey highlights persistent caution regarding global economic prospects, with key indicators such as the Global New Orders Index and Capital Expenditure Index hitting multi-year lows. The Employment Index also remained subdued, reflecting sluggish job markets across several economies. Jonathan Ashworth, Chief Economist at ACCA, noted that while the global economy showed resilience in the first half of 2025, the third quarter’s declines suggest a potential slowdown in global growth in the coming months. Despite this, he emphasized that a major economic downturn is not imminent. Regionally, North America saw a significant rise in confidence, driven by improved sentiment among US accountants, though the forward-looking New Orders Index plummeted to its lowest level since the pandemic’s peak in 2020. Alain Mulder, Senior Director at IMA, highlighted ongoing uncertainty in the US economy, with slowing job markets but solid GDP growth. In contrast, Western Europe experienced a sharp decline in confidence, particularly in the UK, where fears of upcoming tax hikes weighed heavily on sentiment. Meanwhile, Asia Pacific’s confidence improved, buoyed by global economic resilience and reduced tariff-related uncertainty. The survey also underscored the growing prominence of cybersecurity as a critical risk, transcending IT departments to become a governance and cultural issue across sectors and regions.

In a world where online marketplaces often expose sellers to risks of fraud and theft, Quincy Richards, the founder and CEO of Bamboo Marketplace, is pioneering a safer alternative. Launching in February next year, Bamboo Marketplace aims to eliminate the dangers associated with face-to-face transactions by offering a secure, cashless platform for buying and selling electronic devices. Richards, an account manager in a telecommunications company, was inspired to create the platform after a close call with a fraudulent buyer during a personal phone sale. His vision is to provide a seamless, contact-free transaction experience, ensuring both buyers and sellers can operate without fear of scams or physical harm. The platform utilizes an ‘Escrow’ system, where funds are held in a digital wallet until the item is delivered via Aeropost’s smart lockers across 14 locations in Trinidad and Tobago. Additionally, Bamboo Marketplace offers a 24-hour warranty and a dispute management team to address any issues post-purchase. With rigorous verification processes, including AI-driven identity checks and device serial number validation, Richards is confident that Bamboo Marketplace will set a new standard for safety in peer-to-peer online transactions. The platform also caters to businesses, offering subscription plans that exempt them from transaction fees and expand their market reach. Richards envisions Bamboo Marketplace becoming the go-to platform for secure online transactions, ultimately eradicating the recurring issue of fraud in the digital marketplace.

InfoLink Services, the interbank agency responsible for ACH electronic transfers and the Linx cash payments system, marked its 30th anniversary on November 14, 2025, at the Hyatt Regency in Port of Spain, Trinidad and Tobago. The event highlighted both the agency’s achievements and the challenges it faces in an evolving electronic payments landscape. Central Bank Governor Larry Howai praised InfoLink for its critical role in ensuring smooth, secure, and efficient payment processing, calling it a cornerstone of the country’s retail payment system. However, he also emphasized the need for innovation to meet rising consumer demands for faster, more convenient, and secure payment options while maintaining financial stability and inclusion. InfoLink, which began operations in 1994, introduced Linx in 1995, revolutionizing cashless transactions in Trinidad and Tobago. Over the years, it has expanded its services to include Automated Clearing House (ACH) electronic transfers and electronic check clearing, managing 41% of the country’s electronic payments. Despite its success, InfoLink faces increasing competition and the need to adapt to advanced technologies like AI, which are transforming both payment systems and the methods criminals use to exploit them. Glynis Alexander-Tam, InfoLink’s general manager, stressed the importance of collaboration and innovation to meet customer expectations for instant payments and enhanced security.

NCB Merchant Bank (TT) Ltd has called on small and medium-sized enterprises (SMEs) to bolster their governance and financial management practices to enhance access to financing and foster sustainable growth. This message was delivered at the SME Power Breakfast event in St Augustine, organized in partnership with the Greater Tunapuna Chamber of Industry & Commerce (GTCIC). The event convened business leaders, policymakers, and investors to explore how transparency and structured management can build SME resilience and attract investment through various financial instruments, including loans, equity, and receivables financing. Christopher Buchanan, Senior Vice President of Investment Banking at NCB Capital Markets Ltd, emphasized that while many entrepreneurs are driven to scale their businesses, sustainable growth requires more than ambition. He stated, ‘Governance is what transforms a good idea into a credible business. Investors and lenders look for discipline – accurate reporting, sound management, and accountability. When these elements are in place, capital becomes more accessible.’ The event was particularly timely, following the release of the 2025 National Budget, which introduced new compliance measures and fiscal adjustments requiring businesses to strengthen their financial practices. Ramon Gregorio, President of the Tunapuna Chamber, praised NCB Merchant Bank’s collaborative efforts, highlighting the importance of dialogue between the private sector and financial institutions. He noted, ‘No business should operate in isolation. Your success depends on the ecosystem around you – banks that understand your risk profile, regulators that enable innovation, and businesses that open doors to opportunity.’ SMEs, which constitute 95% of registered businesses and contribute nearly 30% of Trinidad and Tobago’s GDP, often face significant financing challenges. Buchanan underscored NCB Merchant Bank’s commitment to closing this gap by advocating for stronger governance, which he believes will make SMEs more investible and resilient.