Welcome to your definitive guide to the insurance landscape in the Solomon Islands. The market is regulated by the Central Bank of Solomon Islands (CBSI) and is served by a core group of licensed international insurers, local brokers, and the nation’s essential social security scheme.
This guide provides a clear and accurate overview of your options for protecting your car, home, business, and future.
How to Get Insurance in the Solomon Islands
Choose a Licensed Insurer: Always ensure you are dealing with an insurance company that is licensed by the CBSI. This provides you with regulatory protection. The main licensed general insurers are listed below.
Understand the National Provident Fund (NPF): The Solomon Islands National Provident Fund (SINPF) provides critical social security benefits. Understand wh at it covers so you can plan your private insurance needs accordingly.
Work with a Broker: Local insurance brokers can help you compare policies from the different licensed insurers to find the best coverage and pricing for your specific needs
Logos and profiles of licensed insurers and brokers, with links to their websites
- All
QBE
Offers commercial, specialty, reinsurance, and liability insurance.
Capital
Tower Insurance
A leading provider across the Pacific, offering reliable insurance products for homes, cars, travel, and businesses.
Aon
A leading global firm offering a broad range of risk, retirement, and health solutions.
Trans Pacific Assurance
A local broker that facilitates a range of insurance products for the community by working with the licensed underwriters.
Pacific Prime
An insurance broker specializing in international health insurance.
Licensed General Insurers
These companies are licensed by the Central Bank of the Solomon Islands to provide general insurance products, including vehicle, property, and business coverage.
- QBE Insurance: A major international insurer with a strong presence in the Pacific. QBE offers a wide range of personal, commercial, and corporate insurance solutions in the Solomon Islands.
- Tower Insurance: A leading New Zealand-based insurer with operations across the Pacific. Tower provides personal insurance like car and house policies, as well as business insurance.
- Capital Insurance Group (CIG): A Papua New Guinea-based insurer with a branch in Honiara. They offer a variety of general insurance products for both individual and commercial clients.
Insurance Brokers
Insurance brokers act as intermediaries, helping clients find and purchase insurance from the licensed providers listed above.
- Aon: As a global broker, Aon has a presence in the Solomon Islands, providing risk management, insurance brokerage, and advisory services, primarily for commercial clients.
- Trans-Pacific Assurance Ltd: A local broker that facilitates a range of insurance products for the community by working with the licensed underwriters.
National Provident Fund
This government entity is a cornerstone of the country’s financial security system.
Solomon Islands National Provident Fund (SINPF): A compulsory superannuation scheme for all employed citizens. It provides members with retirement, disability, and survivor benefits, and allows for withdrawals for specific purposes like housing. It is not a general or health insurer but is fundamental to financial planning.