Latest Industry 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 Insurance Sector.

The insurance industry in Jamaica is one of the largest in the Caribbean. In 2017, Jamaica’s insurance sector had over 795 Sales Representatives in Life Insurance servicing among 6 life insurance companies. In 2017, Jamaica’s insurance sector had over 500 Sales Representatives in General Insurance servicing among 10 general insurance companies. Learn More >

Industry Statistics

MOTOR INSURANCE

PROPERTY INSURANCE

HEALTH INSURANCE

RETIREMENT INSURANCE

104, 2022

Recovery continues

THE Statistical Institute of Jamaica (Statin) released final gross domestic product (GDP) figures for the fourth quarter of 2021 showing the recovery from the pandemic-induced economic contraction is well underway.

The data show expansion in the fourth quarter was measured

104, 2022

LAC ambition

SYGNUS, the Jamaica-based alternative investments company, has its eyes set on being a major player in the Spanish-speaking Caribbean using the recently acquired Puerto Rico-based Acrecent Financial Corporation to pursue the aim.

Sygnus Credit Investments completed the acquisition of 93.66 per

104, 2022

FHC Investments finds second gear

WITH FHC Investments Limited (FHCIL) admitted to the Jamaica Stock Exchange (JSE) as a member dealer and having a brokerage licence in hand, the budding firm is looking to scale its operations in 2022 as it plans to make a

104, 2022

Slimmer banks hit new digital highways

BANKING sources have told the Jamaica Observer that the race to new digital frontiers in the transactional space is intensely competitive, with service providers watching each other either to match or exceed the pace of the fastest mover.

The island’s two