About IAJ

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.

UPDATE: Light 4.6 magnitude earthquake shakes Jamaica

By |2018-09-17T13:36:39+00:00September 17th, 2018|news|

KINGSTON, Jamaica — The Earthquake Unit at the University of the West Indies is reporting that a “light earthquake” with a magnitude of 4.6 was felt in the Corporate Area and St Catherine at 1:47 this afternoon. The tremor had a focal depth of 23.1 kilometres, the unit reported. Meanwhile, The Office of Disaster Preparedness [...]

Jamaica ranked amongst 2018 start-up hot spots

By |2018-09-14T14:37:10+00:00September 14th, 2018|news|

Jamaica moved up 0.57 per cent in its rating for starting a business to secure its place as the fifth best country in the world to open a business, according to the latest Global Banking and Finance Review. The island, rated at 97.3, was the only Caribbean country to be ranked amongst the 12 best [...]

Enforce traffic laws and positive change will come

By |2018-09-14T14:32:57+00:00September 14th, 2018|news|

Members of the Jamaica Constabulary Force's Public Safety and Traffic Enforcement Branch at the launch of the new division held at Harman Barracks in St Andrew recently. (Photo: Bryan Cummings) We had hoped that the successful management of traffic in the Corporate Area on September 3, the start of the new academic year, would have [...]

Letter | Still focused on insurance solvency

By |2018-09-14T14:28:20+00:00September 14th, 2018|news|

The Editor, Sir: With reference to the Insurance Helpline column published in the Sunday Gleaner of September 9, 2018, titled 'Finally, insurance reform with upsides for consumers', the Financial Services Commission, FSC, would like to thank you for your article regarding our Revised Guidelines on Market Conduct for Insurance Companies and Intermediaries IR-CONSUL-18/07-0016, published on [...]

IMF mission chief defends BOJ, blames low inflation for forex movement

By |2018-09-14T14:24:15+00:00September 14th, 2018|news|

In this June 14, 2018 Gleaner photo, IMF Mission Chief to Jamaica, Dr Uma Ramakrishnan, participates in a public forum at the UWI Mona Visitors Lodge in Kingston. Dr Ramakrishnan said in a podcast on Wednesday, September 12, that the depreciation of the Jamaican currency is due to low inflation. International Monetary Fund (IMF) mission [...]

Dominica declares State of Emergency as Tropical Storm Issac approaches

By |2018-09-14T14:20:31+00:00September 14th, 2018|news|

ROSEAU, Dominica, CMC – A State of Emergency has been declared in Dominica as the island braces for the effects of Tropical Storm Issac today. Yesterday, National Security Minister Rayburn Blackmoore announced that the state of emergency would run from midnight on Wednesday to noon on Friday. This is in addition to an islandwide curfew. [...]

1 killed and several injured after multiple gas explosions in Massachusetts

By |2018-09-14T04:09:48+00:00September 14th, 2018|news|

Several suspected gas explosions caused fires in Massachusetts 00:47 (CNN)A man was killed as a series of explosions and fires rocked nearly 40 homes and businesses in three Massachusetts towns on Thursday, according to the Essex County District Attorney's office. Leonel Rondon, 18, was inside a car in Lawrence, Massachusetts, when a chimney fell on [...]

NCB implements more security measures for online bankers

By |2018-09-13T16:47:40+00:00September 13th, 2018|news, Uncategorized|

Effective September 30, 2018, users of National Commercial Bank (NCB) Jamaica online services will be required to carry out a two-layered security login procedure as the Bank moves to clamp down on fraudulent activities. NCB in press release yesterday, said since its introduction of the RSA SecurID Tokens, over 70 per cent of active online [...]

Isaac now category one hurricane, JDF urges Pedro Cays evacuation

By |2018-09-11T12:42:04+00:00September 11th, 2018|news|

Tropical Storm Isaac has now been upgraded to a category one storm and the Jamaica Defence Force (JDF) Coast Guard is urging fisher-folk to evacuate the Pedro Cays as soon as possible as the system heads towards the eastern Caribbean. The Coast Guard says it will also be evacuating its personnel from the Pedro Cays station. "We [...]


By |2018-09-10T20:11:33+00:00September 10th, 2018|news|

Fayval Williams, Minister without Portfolio in the Ministry of Finance and the Public Service, says for the fiscal year 2017/2018, Tax Administration Jamaica (TAJ) performed above expectations, topping their forecast. For the period, the TAJ collected $307 billion, surpassing estimates by $9.2 billion or 3.2 per cent. In the fiscal year, 2016/2017, tax revenues were $284 [...]

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