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LATEST NEWS

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FSC Floats New Regime For Unclaimed Pensions

September 15, 2014
Published: Sunday | September 14, 2014 Avia Collinder, Business Reporter Under current law, unclaimed pension benefits revert to the pension fund, but they have to wait 150 years to take ownership…
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Clarendon Car-Stealing Ring Uncovered, Nissan Cars And Parts Seized

September 15, 2014
Published: Tuesday August 26, 2014 | 4:27 pm. The May Pen Police have uncovered a car-stealing ring in Sandy Bay…
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Police Probe Car Stealing Ring In Lyssons, St Thomas

September 15, 2014
Published: Sunday September 14, 2014 | 10:38 am…
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Thousands of farmers to get access to pension fund

September 15, 2014
By Terron Dewa. Wednesday, September 10, 2014 OVER 15,000 farmers are expected to start making pension contributions over the next 24 months, says the Jamaica Agricultural Society (JAS)…

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Overview

The business of the IAJ is managed by a Board of Directors comprising the CEOs of the Life and General Insurance Companies. The Board is made up of four representatives from the life sector and four from the General Insurance sector.

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Earl Moore

(2005-2007), President & CEO, Guardian Life.

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Andrew Levy

(2007-2009), Managing Director, Jamaica International Insurance Company.

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Jacqueline Sharp

(2009-2010), General Manager, Scotia Life Insurance Company.

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Paul Lalor

 (2010-2012)  President & CEO, Insurance Company of the West Indies

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Hugh Reid President, Scotia Insurance

President, Scotia Insurance

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Karen Bhoorasingh

(2014-Current) President, Guardian General Insurance Jamaica Limited

Committees

The President is supported by two Vice Presidents, one representing life and one representing general. The IAJ carries out its mandate with the help of various committees comprising representatives from member companies. The committees include:

Underwriting & Claims

The Underwriting Committee meets to discuss updates  and other relevant matters relating to  Underwriting Procedures for new business.

Life Claims

The Life Claims Committee meets to discuss matters related to claims settlement.  The committee makes efforts to standardize requirements for Claim Settlements throughout the industry.

Human Resources

The Human Resources Committee comprises Senior Personnel from the Human Resources Department of the various Insurance Companies who discuss and keep up to date with Human Resources practices.

General CEOs

CEOs of the General Insurance Companies have scheduled meetings which are focused on discussing matters related specifically to the General Insurance Sector.

Fraud

The Fraud Committee gathers information from relevant authorities that will help the Insurance Industry to reduce the incidence of fraud.

Day To Day Activities

The day-to-day affairs of the IAJ are managed by the IAJ Secretariat which is currently headed by Executive Director Orville Johnson.

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