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

307, 2019

Bank customers still resisting electronic banking

There were decreases in the volume and value of Jamaican dollar transactions processed by the commercial banks’ automated banking machines (ABMs) in 2018 compared to 2017.

The volume of the transactions declined 1.7 per cent to 62.3 million, the monetary value

307, 2019

Sagicor pays out billions arising from large number of death claims

Sagicor Group shareholders take a close look at the financial performance of the company. (Photo: Karl McLarty)

Sagicor was forced to fork out $11.45 payouts in insurance claims arising from a large number of death claims last year.

While pointing

307, 2019

Competition will not top Sagicor’s growth, says Zacca

The new and fortified competition in the insurance sector is not too big a worry for market leader Sagicor Life, according to the leadership of the parent company Sagicor Group Jamaica.

In fact, it is the rival operators that should be

307, 2019

Key fails capital test – Launches turnaround plan under FSC guidance

Key Insurance Company, known for its motor and property policies, has developed a turnaround plan for the business to achieve profitability and improve its capital ratios.

It comes in the wake of a breach of Key’s minimum capital test for its