IAJ HOME PAGE2019-12-21T18:39:12+00:00

Feature

JAMAICANS UNDER INSURED FOR PROPERTY INSURANCE

There has been continuous concern about the fact that Jamaicans are under insured where property insurance is concerned.  In fact, IAJ figures show that only approximately 20 % of Jamaica’s Residential Properties are insured.

Mark Wignall on the Nationwide Radio programme ON TARGET recently did an interview with IAJ President Peter Levy, an-experienced insurance professional, who is also the Managing Director of British Caribbean Insurance Company(BCIC).  Mark Wignall posed a number of relevant questions to the IAJ President. Click on Soundtrack and Listen.

.

IAJ YEARBOOK 2018

IAJ YEARBOOK NINTH EDITION – OCTOBER 2019

REFLECTIONS ON THE INSURANCE YEAR  2018

The Insurance Industry in keeping with the continued recovery of the Jamaican Economy had a productive year in 2018. I am pleased to report that the local Insurance industry paid out in excess of $55.30billion in benefits for 2018 comprising: $13.90billion in General Insurance benefits, $2.37billion in Life Insurance Policy benefits and $20.03billion in Health Benefits.

This amount does not include pension benefits for which the life sector has in excess of $322 billion pension funds under management which will provide Retirement Benefits for its members in the future. The buoyancy of the sector has attracted three new players to join the Insurance fraternity in 2019.

In the General Insurance Sector, Iron Rock and Massy United Insurance Company have come on board while on the Life side Canopy Insurance has joined the Insurance Family. While this is indeed evidence of the future prospects of Insurance in Jamaica, we are still concerned that the Insurance Penetration in Jamaica is still low.IAJ YEARBOOK 2019 PAGES SECTION 1

PETER LEVY, IAJ President

.

Latest News

Home is the new office

July 15th, 2020|0 Comments

Thousands of office workers are now working from home as a result of the stringent measures implemented to reduce the spread of COVID-19. Companies and workers who may have been reluctant in the past have [...]

COVID did something good

July 15th, 2020|0 Comments

If COVID did us any good itis that it forced us to live and work the digital life. The office is no longer the only place to deliver a full day's work. Flexible work suddenly [...]

Press Releases

NCB FINANCIAL GROUP STREAMLINES INSURANCE PORTFOLIO

July 1st, 2020|0 Comments

Page 1 of 2June 30, 2020 FOR IMMEDIATE RELEASE RELEASE NCB FINANCIAL GROUP STREAMLINES INSURANCE PORTFOLIO In a bid to strengthen its Jamaican insurance portfolio and optimise its product and service offerings and customer experience, [...]

Advantage General

Advantage General

BCIC

BCIC

Soctia Insurance

Soctia Insurance

NCB Insurance

NCB Insurance

General Accident

General Accident

ICWI

ICWI

JN GENERAL INSURANCE

JN GENERAL INSURANCE

CMFG Life Insurance Company

CMFG Life Insurance Company

JIIC

JIIC

Guardian Group

Guardian Group

American International Group, Inc.

American International Group, Inc.

Key Insurance Jamaica

Key Insurance Jamaica

Sagicor

Sagicor

Guardian Life Limited

Guardian Life Limited

JN Life Insurance

JN Life Insurance

Photo Gallery