Volume 12 Email: [email protected] Website: www.iaj-online.com/ Tel: 920-3385/6 May—July 2014 MEET THE NEW IAJ PRESIDENT M rs. Karen Bhoorasingh emerged as the new President of the Insurance Association of Jamaica (IAJ) at the Association’s Annual General Meeting held in May. She is the first female from the General Insurance Industry to be elected to the Presidency of the 10 year old organisation which was formed from a merger between the Life Insurance Companies Association of Jamaica (LICA) and the Jamaica Association of General Insurance Companies (JAGIC) in 2005. Mrs. Jacqueline Sharp, who served as IAJ’s first female President (2009/2010) was from the life sector. Mrs. Bhoorasingh succeeds Mr Hugh Reid, President of Scotia Life Insurance Company who served as President of the IAJ since April 2012. Mrs. Bhoorasingh is the President of Guardian General Insurance Jamaica Limited, recently formed through the acquisition of Globe Insurance Company by the Guardian Group owned, West Indies Alliance Insurance company of which she was General Manger. She had previously served on the IAJ Executive as Vice President—General. Mrs. Bhoorasingh’s love for insurance started at an early age when she worked during the holidays at her family’s insurance brokerage business in May Pen. This career did not come by accident and was further cemented when she saw the benefits of insurance after the devastation of many Jamaican homes during the onslaught of hurricane Gilbert. Mrs. Bhoorasingh holds a Bachelor’s Degree in Public Administration from UWI. She is an Associate of the Chartered Institute of Insurers (ACII) in the United Kingdom, and studied at the University of London where she received her Bachelor of Laws. A graduate of the Norman Manley Law School, Karen was called to the bar in 2009. Karen Bhoorasingh, IAJ President Orville Johnson, Executive Director, Hugh Reid, Immediate Past President, Karen Bhoorasingh , President and Peter Levy, Vice President—General. IAJ EXECUTIVE TEAM Karen Bhoorasingh, President Mark Thompson, Director Hugh Reid, Immediate Past President Richard Byles , Director Peter Levy, Vice President—General Paul Lalor, Director Eric Hosin, Vice President Life Orville Johnson, Executive Director David Wan, Director Annette Robotham, Corporate Secretary 1 Volume 12 Email: [email protected] Website: www.iaj-online.com/ Tel: 920-3385/6 May—July 2014 R oad Safety continues to be one of the major interests of the IAJ and we are delighted to be part of this informative activity which brings forcibly to the attention of the public the need for Road Safety practices in Jamaica. IAJ was booth holder at the 2014 Driver and Traffic Safety Expo held by Grennell’s Driving School on Saturday June 21 at Jamaica College Playfield and Auditorium. There were many Booth Holders showcasing their products and services and IAJ was pleasantly surprised when the IAJ Booth was declared THE BEST DECORATED AND INFORMATIVE BOOTH OF THE EXPO”. Orille Johnson , IAJ Executive Director, in a lively discussion with Alphanso Grennell Organizer of the Expo. At centre is Dr. Lucien Jones, Deputy Chairman Road Safety Council. Members of the IAJ Team responded to visitors questions and highlighted various aspects of the industry MATHEMATICS WORKSHOP T IAJ PARTNERS WITH MINISTY OF EDUCATION ON MATHEMATICS he Insurance Association of Jamaica (IAJ) partner with the Ministry of Education once more to wage a Mathematics Revolution in Jamaica. Building a Maths culture is a necessity in an environment which has a tendency to have an aversion to dealing with numbers. Proficiency in the subject has become a national imperative, as it is the basis of subjects like Science, Technology and Engineering – areas that play a vital role in our country’s economic development at this time. IAJ President Mrs. Karen Bhoorasingh in her remarks to attendees said: “Mathematics is central to developing logical and critical thinking skills and also an analytical approach to solving problems, attributes once adopted would go a long way in dealing with our chal- Hon. Ronald Thwaites, Minister of Education (1st Right) in lenges as a nation. discussion with IAJ President Karen Bhoorasingh (3rd from In that light, we commend the Ministry of Education for staging right), Orville Johnson, IAJ Executive Director (2nd right) these workshops simultaneously in Montego Bay, Mandeville and and Dr. Tamika Benjamin, Mathematics Coordinator.. here in Kingston involving 270 teachers and 90 schools. The insurance industry has a history of supporting mathematics education. In fact for over thirty years, we sponsored Mathematics Competitions among schools island wide, under the inspirational leadership of the late Executive Director of the Life Insurance Companies Association (LICA), Vivian Rochester. He nurtured the programme with one of your stalwarts, Mrs. Terry Tomlinson who served for many years as the President of the Mathematics Teachers Association of Jamaica.“ This played a critical role in helping to provide Actuaries for the Jamaican insurance industry. 2 Participants in the Mathematics Seminar Volume 12 Email: [email protected] Website: www.iaj-online.com/ Tel: 920-3385/6 May—July 2014 INSURANCE WEEK 2014 :June 29—July 4 “INSURANCE...PROTECTING YOU, YOUR LOVED ONES AND YOUR PROPERTY” I CHURCH SERVICE nsurance Week 2014 held from June 29 to July 4 was supported by the Jamaica Association of Insurance and Financial Advisors (JAIFA). The Jamaica Medical Foundation (JMF) part sponsored the Health Seminar. The variety of activities that took place during the week all helped to enhance the image of the insurance industry in the eyes of the insurance buying public and heighten interest in the industry’s products and services. The week started with Church Services in various locations throughout the island at which a message from the IAJ President was read . The message emphasized the importance of the industry. From right: Pauline Archer, JAIFA President, Karen Bhoorasingh, IAJ President, Rosemarie Henry, FSC Director Insurance and Simone Foote of BCIC. HEALTH SEMINAR Radio interviews and outside broadcasts helped to spread the insurance week theme and focus not only island-wide but also to the Jamaican Diaspora. The Feeding of homeless persons at the KSAC facility in down-town Kingston was well received and was an eye opener to many who were not familiar with the plight of homeless persons. Emancipation Park was the site for the Health Fair and Insurance seminar. Numerous persons obtained free blood, sugar, mammogram tests. Culmination of the Emancipation Park experience was a concert featuring Fab 5. Overall, the week’s activities were informative, educational and awareness awakening. INSURANCE SEMINAR Presenters From Left: Harold Wong, Marsha Clarke-Bruce, Claudette Jackson-Rickards, Marlene Lambert, Latoya Mayehew-Kerr and Heather Bowie. KSAC FEEDING FACILITY 3 Volume 12 Email: [email protected] Website: www.iaj-online.com/ Tel: 920-3385/6 May—July 2014 HAPPENINGS Sagicor Spreads Its Wings Excerpt from Jamaica Observer of Friday June 6, 2014 The integration of RBC Bank Jamaica and Sagicor Group Jamaica (SGJ) will take about two years for the group to 'digest', said Richard Byles president of SGJ. “The acquisition will capture the imagination of executives over the period.The acquisition of RBC Jamaica and the merger with Sagicor Bank is our major investment and it will take two years to fully digest this acquisition," Byles told shareholders at the annual general meeting held at Sagicor headquarters in New Kingston on Tuesday. "By that I mean, actually owning the company is one thing but putting it together is another. Getting the technology and the systems going is a third thing and those challenges take time." Sagicor announced in January that it would acquire RBC bank for $9 billion which closely reflects the book value of the Jamaica operations. Royal Bank of Canada shortly thereafter stated that it would take a CAD$60 million ($5.9 billion) loss on the sale of its Jamaican operations to SGJ. IAJ and JIIC sponsored Trophies for the Robyn Foreman Junior Debate Competition. The event proceeded with much enthusiasm among the youngsters who participated in the competition. Trophies were presented to winners in the various categories. Orville Johnson, Executive Director , IAJ (2nd from right) and Rachel McKinley (1st Right) from JIIC took time out to take a snapshot with the winners. Anjell Bryan was selected as Miss Jamaica Festival Queen 2014. Anjell is an effervescent, creative and driven 25-year old who enjoys volunteering, performing and planning events. She is also a committed Christian who is very involved in ministry at the Kingston Open Bible Church. Currently employed at Guardian Life Limited, Anjell Bryan, Anjell wishes to pursue a career in Media & Communication. A past student of Ardenne High School, Anjell currently holds her Bachelor of Science Degree in Economics from the University of the West Indies. Miss Jamaica Festival 2014 4 Volume 12 Email: [email protected] Website: www.iaj-online.com/ Tel: 920-3385/6 May—July 2014 IAJ Activities Christmas in November. 23 October - Munich RE Alternative Energy Seminar in association with IAJ and CIPS.. IAJ 2013 Yearbook. CIPS CIPS Christmas Term - September to December. Registration closes September 4, 2014. November— Stress Testing Seminar. Bachelor of Law—University of London Tutorial. Programme starting September 21st. Registration closes soon. SEE APPENDIX A FOR MORE CIPS DETAILED INFORMATION. JMF 18th September—Annual General Meeting IAJ CONTACT PERSONS Elizabeth Chung Regional Manager Innovations - JIIC NCB Insurance Rachel McKenley, Marketing Officer JIIC Tara Braham, Unit Leader, Claims Dept, Broker Services Executive, ICWI Alysia White Advantage General Natalia Gobin-Gunter Key Ins. Simone Foote, Charmaine Stephenson Insurance Company Limited. Orville Johnson, Executive Director, IAJ. Hugh Meredith,/Carla Ashley-Grant Board Member of JAIFA Phillipa Beckford Sales and Marketing Manager, CMFG Life Sandrina Watkins Admin Assistant, JN Life Simone Hull-Lloyd Director of Administration & Operations, Kuyan Wright Executive Assistant, AIG Scotia Life Marketing Manager, Wealth Marketing Manager, BCIC Juven Montague-Anderson, Guardian General & Guardian Life Stacy-Ann Givans Facilities Officer, General Accident Judith Wilson Corporate Relations & Events Specialist, Marketing Officer, JN General Marketing Manager, Sagicor Antonio Spence Manager: Customer Experience & Tommy James, IAJ PR Production of the IAJ NEWS BULLETIN is a function of IAJ’s Public Relations and Consumer Affairs Committee 5 Volume 12 Email: [email protected] Website: www.iaj-online.com/ Tel: 920-3385/6 May—July 2014 APPENDIX A 6 Volume 12 Email: [email protected] Website: www.iaj-online.com/ 7 Tel: 920-3385/6 May—July 2014
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