This Privacy Policy explains how Stasis Insurance Ltd. (“Stasis Insurance”, “we” or “us”) collects, uses, shares, and protects your personal information when you use our website and services, in accordance with the Barbados Data Protection Act, 0219 (Cap. 579B) (as amended, the “Act”). We are committed to complying with the Act and maintaining the trust of our customers and stakeholders through the responsible and ethical use of data, and strive to handle personal data transparently, with due care, and in a fair and lawful manner.
We may collect various types of personal data depending on your interaction with our website and services, including:
Individual details: Name, address, email address, phone number, date of birth, gender, and other contact information
Identification details: Government-issued identification numbers as required for certain services
Financial information: Bank account details or payment information for processing premiums and claims payments
Website usage data: Information about your visits to our website, including your IP address, browser type, operating system, pages viewed, and the dates and times of your visits
Cookies and tracking technologies: We use cookies and similar technologies to collect information about your browsing activities on our website. You can manage your cookie preferences through our cookie settings
Communication data: Records of your communications with us, including emails and phone calls
We collect personal data in the following ways:
Directly from you: When you provide information through our website forms, applications, or when you communicate with us
From authorized third parties: When you provide information to a third party authorized to share such information with us
Automatically: When you browse our website, we may collect certain information automatically through cookies and other tracking technologies
We may use your personal data for various purposes, including:
To provide and administer our services (Contractual necessity)
To communicate with you, respond to your inquiries, and provide customer support (Consent)
To process transactions and manage your account (Consent and Contractual necessity)
To personalize your experience on our website (Consent)
To improve our website and services (Consent)
For marketing purposes, where permitted by law, including sending you promotional materials and updates about our products and services (Consent, where required, or legitimate interests). You can opt-out of these communications at any time
To prevent fraud and ensure the security of our website and services (Consent)
To comply with legal and regulatory obligations (Legal obligation)
We may share your personal data with third parties in the following circumstances:
Affiliates: Other companies within the Stasis Insurance group
Service providers: Third-party vendors who provide services on our behalf, such as IT support, data analytics, and marketing assistance. We require these service providers to protect your personal data
Business partners: With whom we collaborate to offer certain products or services, including reinsurance companies
Legal and regulatory authorities: When required by law or to comply with legal processes
In connection with a business transfer: In the event of a merger, acquisition, or sale of all or a portion of our assets
We do not share your personal data with third parties for their direct marketing purposes without your explicit consent.
We have implemented reasonable technical and organizational security measures to protect your personal data against unauthorized access, use, disclosure, alteration, or destruction. These measures are regularly reviewed and updated to maintain their effectiveness. However, we cannot guarantee the absolute security of your information.
We will retain your personal data only for as long as necessary to fulfill the purposes for which it was collected, or as required by the Act and any applicable laws and regulations.
Subject to applicable law, you may have the following rights regarding your personal data:
Right to Access: You have the right to request access to the personal data we hold about you
Right to Rectification: You have the right to request that we correct any inaccurate or incomplete personal data
Right to Erasure: You have the right to request the deletion of your personal data under certain circumstances
Right to Restrict Processing: You have the right to request that we restrict the processing of your personal data under certain circumstances
Right to Data Portability: You may have the right to receive your personal data in a structured, commonly used, and machine-readable format and to transmit it to another controller
Right to Object: You may have the right to object to the processing of your personal data under certain circumstances, including for direct marketing purposes
Right to Withdraw Consent: If we process your personal data based on your consent, you have the right to withdraw your consent at any time
Right to Complain: You have the right to lodge a complaint with the Barbados Data Protection Commissioner if you believe that we have not complied with applicable data protection laws
To exercise any of these rights, please contact us using the contact information provided below. We may require you to verify your identity before processing your request.
Our website uses cookies and other tracking technologies to enhance your browsing experience and collect information about how you use our site. You can manage your cookie preferences through our cookie settings.
Your personal data may be transferred to and processed in countries outside of Barbados. In such cases, we will ensure that appropriate safeguards are in place to protect your personal data in accordance with applicable data protection laws.
This Privacy Policy shall be governed by and construed in accordance with the laws of Barbados and the provisions of the Barbados Data Protection Act.
We may update this Privacy Policy from time to time to reflect changes in our practices or applicable laws. We will post any changes on this page and update the "Last Updated" date at the bottom of the policy. We encourage you to review this Privacy Policy periodically.
These Terms of Use are governed by and construed in accordance with the laws of Barbados, without regard to its conflict of law principles. You agree that any legal action or proceeding arising out of or relating to these terms or the website shall be brought exclusively in the courts of Barbados, and you consent to the personal jurisdiction of such courts.
We may update these Terms of Use from time to time to reflect changes in our practices or applicable laws. We will post any changes on this page and update the "Last Updated" date at the bottom of the terms. We encourage you to review these Terms of Use periodically.
If you have any questions or concerns regarding these Terms of Use, please contact us at:
Stasis Insurance Ltd.
Cidel Place
Lower Collymore Rock
St Michael
BB11000
Barbados
/ info@stasisinsurance.com
Last Updated: April 1, 2025
