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LATEST NEWS

DigicelA20120905NG

Digicel enters microinsurance market with Swedish partner

December 10, 2014
Mobile insurance product provider Milvik, a Swedish company which trades as Bima Mobile, is seeking a country manager for operations in Jamaica amid plans to roll out a mobile platform for microinsurance products…
Speeding

Over 30% of tickets issued by Traffic Police are for over speeding

December 6, 2014
December 5, 2o14. Taken from RJR Website It has been revealed that more than 30% of  the 408,000 traffic tickets issued to motorists since the start of  the year concerned excessive speeding…
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Cop Urges Unity To Limit Road Fatalities

December 5, 2014
Published: Friday | December 5, 2014. SSP Calvin Allen (left), Traffic Division head, converses with DSP Gary McKenzie (right), while DSP Patrick Murdock looks on during a press conference at the All Island Traffic Conference 2014 at the Police Officers' Club, St Andrew on Tuesday…
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National Takes on New York

December 5, 2014
Jamaican baked-goods company starts distribution in 'The Big Apple' Wednesday, December 03, 2014…

Photo Gallery

CHRISTMAS IN NOVEMBER 2014 – IAJ ALL INCLUSIVE EXTRAVAGANZA (NOV 15)

The IAJ Christmas in November All Inclusive Extravaganza took place on November 15 and it was another exciting, entertaining and memorable occasion.  The support was great and patrons thoroughly enjoyed themselves with the pulsating sounds from DJ Inferno facilitated by Supreme Sounds.  It was indeed a memorable night with patrons constantly exclaiming ‘This is a Great Party’.    There were also expressions such as ‘Every year this party gets better and better’.

DSC_4269 RENEWABLE ENERGY SEMINAR

The Renewable Energy Seminar held by MUNICH  RE in association with the College of Insurance and Professional Studies, CIPS and the Insurance Association of Jamaica, IAJ  on October 22, proved to be a timely,relevant and well attended Seminar.   From all indications,  participants benefited tremendously from the experience.   The Munich Re presenters were also impressed by the attention and interest displayed by participants.

INSURANCE WEEK 2014 ACTIVITIES

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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