IAJ President Peter Levy, an-experienced insurance professional, who is also the Managing Director of British Caribbean Insurance Company(BCIC).
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IAJ 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.
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Latest News
Gov’t proposing approximately $60 billion increase in National Budget Share1
The Government is proposing to increase the National Budget by approximately $60 billion. The additional spending is contained in the First Supplementary Estimates 2022/2023, which was tabled in the House of Representatives this afternoon by Finance Minister Dr Nigel Clarke. https://jamaica-gleaner.com/article/news/20221108/govt-proposing-approximately-60-billion-increase-national-budget
CCRIF makes US$15.2 million in payouts
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) said it has since October had to make payments totalling US$15.2 million for events associated with the 2022 hurricane season to at least three of its member governments. According to the regional insurance fund facility, a total of four payments were made to
PIAJ urges Government to adopt auto enrolment to address impending pensions crisis
Nearly 60 years after Jamaica's Independence, only 18 per cent of the population, including public sector workers, can count on a pension to provide some income stability in retirement. Sanya Goffe, president of the Pensions Industry Association of Jamaica (PIAJ), explains that after 40 years of work the most vulnerable
IAJ YEARBOOK 2017
Reflections on INSURANCE in YEAR 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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IAJ Promotes Best Practices in
The Insurance Industry.
The IAJ provides avenues for addressing common concerns and encourage sound industry practices and ethical conduct of members while promoting the best interests of the insuring public.
IAJ is The Voice of The Insurance Industry.
The IAJ is committed to supporting the growth and development of the insurance industry to the benefit of Jamaicans and the economy as a whole by providing quality support services to members through:
