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Profile on JAGIC.

The Jamaica Association of General Insurance Companies is an association of general insurers, formed in 1963 to address the interests and concerns of general insurers in Jamaica. It is at this level that the chief executives of the companies or their representatives discuss and make policy beneficial to the industry taking into account the interests of the insuring public.

With the independence of the nation in the early 1960's, the Insurance Industry in Jamaica began to take on a decidedly Jamaican flavour. Most companies were then only agents of overseas companies, (mainly British), and they were to remain so for another decade. However, the Jamaicanization of the industry had already begun as enterprising young Jamaicans having learned the business of Insurance were serving notice that they were ready to begin the building up of an essentially Jamaican industry; JAGIC was one of the first manifestations of this.

At present, the Association is chaired by Mr. Leslie Chung of British Caribbean Insurance Company Limited. The Deputy Chairman is Mr. Andrew Levy of Jamaica International Insurance Company Limited.

Each month the Association meets to review matters of interest and concern. Implementation of the Association's plans and programmes is the work of the staff of the Association Secretariat which has its Office Building at 3-3A Richmond Avenue, Kingston 10.

These Associations of underwriters often review matters of a technical nature and recommend changes or modifications within the framework of the objectives and the policies of the Association.

Through the Association, the general insurance industry is able to communicate with other areas of the industry such as brokers and agents, with Government through the Superintendent of Insurance or various Ministries and with the public through jointly sponsored public relations/education programmes.

The Association also maintains contact with other agencies whose work is relevant to insurance such as the Office of Disaster Preparedness and Internationally with the Association of British Insurers and the United States Agency for International Development (USAID).

During the last few years J.A.G.I.C. has expanded its role within theindustry and to the public at large through a carefully prepared public education programme.