The Insurance coverage Affiliation of Jamaica can be internet hosting a enterprise convention on Sept. 11-12 on the Jamaica Pegasus Resort. The Conference can be held underneath the theme “Navigating Dangers within the 21st Century: Artificial Intelligence, Climate Change, and Fraud.”
Sharon Donaldson, President of the Insurance coverage Affiliation of Jamaica, (IAJ) acknowledged “final month Jamaica skilled injury to the agricultural sector and the power infrastructure by Hurricane Beryl. The height of the 2024 Atlantic hurricane season continues to be forward. Projections proceed to forecast an above lively season as a result of warming ocean temperatures attributable to local weather change. Given the vary of threats dealing with the insurance coverage trade and by extension, Jamaica’s financial system, this convention is each well timed and vital.”
It can highlight key themes corresponding to Climate Change and Catastrophic/ Peril Insurance coverage, Reinsurance – The Common Clause and Disaster Extra, Artificial Intelligence and Information Privateness and leveraging expertise to handle fraud. Richard Byles, Financial institution of Jamaica Governor would be the keynote opening speaker. The Hon. Dr. Nigel Clarke, Minister of Finance and the Public Service would be the keynote opening speaker on September 12, the 36th anniversary of the devastating passage of Hurricane Gilbert. He’ll share his perspective on “Sizzling New World: The Climate Disaster and the Caribbean.”
Kishan Khoday, UNDP’s Resident Consultant for the Bahamas, Belize, Bermuda, Cayman Islands, Jamaica, and Turks & Caicos, and John Plevin, Senior Monetary Sector Specialist and Actuary on the World Financial institution will present an outlook on Climate Change and Catastrophic Insurance coverage. Professor Michael Taylor, Dean of the School of Science and Expertise on the UWI, will break down the science of Climate Change.
The convention may also look at the challenges and options posed by Jamaica’s getting old inhabitants. Sanya Goffe, President of the Pension Trade Affiliation of Jamaica, will present helpful insights on Future-Proofing Pensions and Navigating the AI Revoution.