- RUDOLPH BROWN/CHIEF PHOTOGRAPHER
The Managing Director of JMMB Insurance, Lance Henry (left), confers with the Chairman, Public Relations Committee of the Insurance Association of Jamaica, Karl Williams during Insurance Association of Jamaica symposium 'Insurance. Protecting You and Your Assets' at the Courtliegh Auditorium in New Kingston last Thursday.
Shanya Gottshalk, Gleaner Writer
"THERE IS a challenge attracting new blood to the insurance industry." So says the managing director of JMMB Insurance, Lance Henry.
He made this statement at the Insurance Association of Jamaica (IAJ) Symposium on Insurance and Pension held at the Courtleigh Auditorium last Thursday as part of Insurance Week 2006, which ran from July 9-15.
Mr. Henry described the shortage in the industry as a world-wide problem. He said that "we need to band together to deal with the competition and deal with the margins of trading, as this will enable us to offer the best compensation plans to attract the best minds to our industry."
He added, "Profit is both long and short term. Building shareholders' and customers' value and internal clients' values are important."
He noted that this would only be of benefit in the short term since the international competition internationally is "vigorous."
STRONG COMMUNICATION
He stressed a need for strong communication cooperation in the insurance industry as well as the importance of being more creative and using modern technology.
Henry concluded that "an integrated flow must be built for the customers, because we have a common interest and a common goal."
The IAJ is the result of a merger between the former Jamaica Association of General Insurance Companies and the Life Insurance Companies Association of Jamaica.
