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.

Five pioneering women in the actuarial profession

By |2019-03-18T14:57:48+00:00March 18th, 2019|news|

As we approach the 100th anniversary of the year when women were first admitted to the Institute of Actuaries of the UK, I thought it would be interesting to reflect on some of female pioneers of the profession. The honour of being the first female actuary is usually ascribed to Lucy Jane Wright who was [...]

The 14 stages of investor behaviour

By |2019-03-18T14:49:37+00:00March 18th, 2019|news|

Behavioural Finance is the study of investor behaviour, which endeavours to understand and explain how investors think, act and why they do what they do. Most investors understand the concept of buying low and selling high. However, because they allow fear, greed and other emotions to influence them, they tend to stray from their principles, [...]

Guardian Life makes record profits for 20th anniversary

By |2019-03-18T14:46:05+00:00March 18th, 2019|news|

FOR the first time in its 20-year history, Guardian Life Limited has achieved a consolidated net profit of $6.9 billion. The announcement was made by Eric Hosin, president, Guardian Life, during the company's 19th Annual Awards Ceremony hold on Saturday, March 9, 2019 at the Sunken Gardens, Hope Gardens in Kingston. Noting that what started [...]

Whopper suggests Jamaican dollar is undervalued against … but overvalued against many others

By |2019-03-18T14:43:32+00:00March 18th, 2019|news|

JAMAICA no longer has a McDonald's fast food restaurant, so it is not included in The Economist newspaper's Big Mac Index. It is one of the few places that doesn't have a restaurant from that American chain, and the Big Mac is sold in some 120 countries. But if the similar Burger King Whopper is [...]

Oran Hall | Sensible returns at low risk

By |2019-03-18T14:39:59+00:00March 18th, 2019|news|

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I am seeking your advice on how to best invest $750,000, which I have in my credit union. I have been working for over 13 years in my current job. I have been saving an average 10 per cent of my salary in my credit union's Golden Harvest account [...]

GK to refinance loans for logistics centre

By |2019-03-18T14:35:31+00:00March 18th, 2019|news|

Food and financials services conglomerate GraceKennedy Limited plans to raise up to $500 million in a refinancing deal. The facility will replace a US dollar-denominated loan utilised to fund the build-out of its logistics centre in the United States, said Group CEO Don Wehby. GK Capital Management Limited, a member of the GK group, will [...]

CDB says economic outlook for the region is “positive”

By |2019-03-18T14:32:38+00:00March 18th, 2019|news|

BRIDGETOWN, Barbados, CMC – The Caribbean Development Bank (CDB) says despite projections of deceleration in global economic activity, the 2019 economic outlook for its borrowing member countries (BMC) is positive. “CDB is projecting that real GDP (gross domestic product) growth will be 2.1 per cent, as construction, tourism, and the extractive industries, such as gold [...]

Mark Golding attacks Jamaica’slow growth and inequality

By |2019-03-16T10:30:29+00:00March 16th, 2019|news|

Shadow Finance Minister Mark Golding began his budget speech yesterday by noting “the burning issue of low growth”, observing that even what he called the “modest but achievable” growth targets the last PNP Administration had set for the years 2013/2014 to 2019/2020 had now slipped — and that if they had been achieved there would [...]

Highlights from budget speech by Minister of Finance Nigel Clarke

By |2019-03-16T10:26:44+00:00March 16th, 2019|news|

PUBLIC PROCUREMENT REFORM Public procurement reform, pursued over the last five years, will come into force in the next financial year. I remind this House that the Public Procurement (Amendment) Act was passed in August, 2018 and two sets of related regulations were passed in June and July, 2018. I have requested of the Governor [...]

Clarke welcomes Massy’s insurance arm to Jamaica

By |2019-03-16T10:22:06+00:00March 16th, 2019|news|

Minister of Finance and the Public Service, Dr Nigel Clarke (third right), joins David O'Brien (second right), chairman, and other executives of the newly formed Massy United Insurance, Jamaica, to cut the ribbon at Wednesday's launch at the Pan Jamaican building in New Kingston. Others in the picture from left are: Mark Sommerville, chief commercial [...]

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