/IAJ

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.

19 years of strong performance for Sagicor

By |2019-07-08T15:55:04+00:00July 8th, 2019|news|

Sagicor is reporting that it is now the second-largest conglomerate on the Jamaica Stock Exchange, measured in terms of profitability. The feat was achieved at the end of its 2018 financial year, which was a bumper one for the multi-line financial services group whose operations span banking, insurance, investment, real estate and pension. The management [...]

Entrepreneur explains hidden costs of running an Airbnb

By |2019-07-08T06:49:56+00:00July 8th, 2019|news|

The hidden costs of running a competitive Airbnb property eat into any profits a host may think he can gain, according to an entrepreneur, who has since left behind his job of managing such properties. In light of the recent debate sparked by the suggestion from JHTA President Omar Robinson that Airbnb operators should pay [...]

Sagicor pays out billions arising from large number of death claims

By |2019-07-08T06:44:23+00:00July 8th, 2019|news|

Sagicor Group shareholders take a close look at the financial performance of the company. (Photo: Karl McLarty) Sagicor was forced to fork out $11.45 payouts in insurance claims arising from a large number of death claims last year. While pointing to this issue, Sagicor reports that there was also a large number of withdrawals from [...]

The new Sagicor Chair Sagicor Group Chairman Peter Melhado shares his views on the economy, Richard Byles, company

By |2019-07-08T06:40:24+00:00July 8th, 2019|news|

Peter Melhado took over as the chairman of Sagicor Group Limited on Monday, July 1 after a special meeting of the group's directors prior to the holding of the company's annual general meeting. Melhado replaces Richard Byles, who resigned as chairman of the conglomerate to take up the position as governor of the Bank of [...]

SMEs complain that it’s ‘not easy to do business in Jamaica’

By |2019-07-08T06:17:54+00:00July 8th, 2019|news|

Members from the SMEs sector are attentive as they listen to a panel discussion from key stakeholders. (Photos: Karl McLarty) The banking sector came under heavy criticism on Wednesday, as the Small and Medium-Sized Enterprises (SMEs) fraternity came out in a no-nonsense mode to tackle the issues and get answers to the problems that they [...]

Cedric Stephens | Insured car causes house fire – who pays?

By |2019-07-08T06:13:29+00:00July 8th, 2019|news|

QUESTION: My house burnt down in 2017. The fire began in a vehicle that was parked in the carport. It spread to engulf the car and destroyed the house. The former was insured under a comprehensive motor policy. The house was not insured. The car was owned by the former tenants. They vacated the premises [...]

Oran Hall | Securing a mortgage to buy investment property

By |2019-07-08T06:09:32+00:00July 8th, 2019|news|

QUESTION: I am seeking your advice on how to obtain a loan to purchase an investment property. I was made redundant a few years ago, so I currently don’t have a job, but I have a property that is rented. My income is rental income, and I need to purchase an investment property. The income [...]

BCIC recommits to downtown roots

By |2019-07-08T06:04:32+00:00July 8th, 2019|news|

After 56 years, general insurance company BCIC is betting that downtown Kingston is the place to be. A $50 million renovation of one floor of BCIC’s Duke Street Head Office is just the first phase of a three- to four-year makeover for the company, according to Managing Director Peter Levy. The ribbon was cut on [...]

Key Insurance predicts turnaround by 2020

By |2019-07-08T06:00:01+00:00July 8th, 2019|news|

The turnaround plan submitted by Key Insurance will cull risky motor policies as an important strategy to return to profit in 2020. Key Insurance will cull risky motor policies under a turnaround plan that is meant to return the general insurer to profitable status in 2020. The 20-page plan references the company’s regulatory breach and [...]

Tourism Workers’ Pension Scheme on track for January 2020 implementation

By |2019-07-05T16:28:48+00:00July 5th, 2019|news|

Tourism Minister Edmund Bartlett has said the Tourism Workers' Pension Scheme, designed to provide retirement benefits for all industry workers, is on track to be implemented by January 1, 2020. Mr. Bartlett said by then the first set of applicants should be registered for the landmark plan. He was speaking at the 58th annual general [...]

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