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.

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REFLECTIONS ON THE INSURANCE YEAR IN 2017

2017 proved to be an encouraging year as the Insurance Industry saw signs of the recovery of the Jamaican economy. Gross premiums, on the General insurance side, were up by 9%over the previous year while on the Life insurance side, Gross Premiums for Individual Life were up by 7%. More importantly, we paid out $18 Billion dollars in Group Health Claims, $21 Billion dollars in Life Claims and $13 Billion dollars in General Insurance claims.  Click to Download and Read More.

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