Economic Statistics2024-10-08T11:22:26+00:00

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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General Insurance (2014-2015)
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General Insurance (2014-2015)
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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

2601, 2021

Customs reports US$15.1 billion in exports

The Jamaica Customs Agency (JCA) says for the five year period commencing January 1, 2016 to December 31, 2020, the total value of exported goods declared was US$15.1 billion.

Of this amount, bank and currency notes accounted for 53 per cent,

2601, 2021

Planning for life — pensions and old age

Life is a continuous journey which can be full of joy, jubilation, sorrow, tears and regrets. When everything is fine, we forget to plan for the future as the present is always a constant that deserves the most attention.

2601, 2021

Continuous rise in net remittances

THE latest Bank of Jamaica (BOJ) data show a continuous rise in Jamaica’s net remittances.

The data for October 2020, which was released last week, showed that net remittance inflows for the month accumulated to US$252.2 million, which was an increase

2601, 2021

JN Group expects big results from tech investment

The Jamaica National (JN) Group is deepening its investment in, and deployment of, technology to improve services to its members and employees, while increase operational efficiency.

In the past year the JN Group has been deploying additional Smart ATMs and implementing

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2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.
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2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.
READ MORE
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2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.
READ MORE
READ MORE

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.
READ MORE
READ MORE

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.
READ MORE
READ MORE

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.
READ MORE

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Other Interesting Statistics

Life Insurance Caribbean

General Insurance Caribbean

Retirement Investment Caribbean

IAJ Promotes Best Practices in
The Insurance Industry.

The IAJ provides avenues for addressing common concerns and encourage sound industry practices and ethical conduct of members while promoting the best interests of the insuring public.

Stay Informed, Join the Conversation

IAJ stands ready to engage everyone promoting insurance literacy among the Jamaican consumers through our various platforms including but not limited to our Website, Social Media, Email and Events.

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