Latest Economic News

IAJ President – Peter Levy- Motor Uninsured
Managing Director BCIC- Speaks on the amount of uninsured motor vehicle on the road in Jamaica and the dangers it creates for the insured driver.

IAJ President – Peter Levy- General Uninsured
Managing Director BCIC- Speaks on the amount of the uninsured population in Jamaica.

Past Statistics:

Life Insurance (2016-2017)
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General Insurance (2014-2015)
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Claims Payout (2012-2013)
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General Insurance (2014-2015)
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Statistics on The Economy.

Review of Economic Performance
October – December 2018.

The PIOJ presents preliminary estimates on economic performance for each quarter, approximately 6 weeks following the end of the quarter being reviewed. This is based on preliminary information available from the major data providers.

This release of the preliminary estimate is consistent with developments in all modern economies globally, where it is the common practice to release a 1st, 2nd and even a 3rd preliminary estimate before the final official figure is released. Learn More >

Current Statistics

GOVERNMENT FISCAL MONITORING

GROSS DOMESTIC PRODUCT

BOJ RATE POLICY

JAMAICA ECONOMIC DATA

1001, 2022

$22.5-b Christmas spend

The Bank of Jamaica (BOJ) issued $12 billion in net currency during the last 10 working days of December 2021.

The currency issued during the period contributed to an overall growth of $22.5 billion or 11 per cent in the

1001, 2022

Barbados rolls out new forex platform

The Central Bank of Barbados, CBB, has introduced a foreign exchange platform that allows a person to apply for funds to be remitted abroad.

The new system, CBB Forex Online, is designed to “create a more efficient exchange controls platform that

1001, 2022

Life, motor insurance claims jump

Insurance Association of Jamaica (IAJ) is reporting a significant increase in claims on life insurance policies for the first nine months of 2021, when compared to the corresponding periods in 2020.

According to the IAJ, “Death Claims on individual life policies

901, 2022

DEATH OF MICHAEL A. FRASER, OD, JP;, CLU, CHAIRMAN OF JAMAICA MEDICAL FOUNDATION

DEATH OF MICHAEL A. FRASER, OD, JP, CLU

CHAIRMAN OF THE JAMAICA MEDICAL FOUNDATION

Members of the Insurance Association of Jamaica (IAJ) and the Jamaica Medical Foundation (JMF) an outreach arm of the Insurance Industry, are saddened by the passing of Michael