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

2903, 2022

BANK OF JAMAICA PRESS RELEASE – MARCH 2022

BANK OF JAMAICA REDUCES MONETARY ACCOMMODATION
Bank of Jamaica (BOJ) announces its decision to increase the policy interest rate (the rate
offered to deposit-taking institutions on overnight placements with BOJ) by 50 basis points to
4.50 per cent per annum,

2903, 2022

Pivoting on Goodwill

LONG before the novel coronavirus pandemic, sole proprietor of Goodwill Furnishings Durrant Pate understood the concept of pivoting.

After a couple years of operating a wholesale in downtown Kingston, the journalist-turned-businessman, in 2017, decided to make his foray into furniture manufacturing.

“The

2903, 2022

Clarke to chair IDB

FINANCE Minister Dr Nigel Clarke has been elected as chairman of the Board of Governors of Inter-American Development Bank (IDB) and the Inter-American Investment Corporation (IIC) for 2022.

Dr Clarke’s nomination was announced by the governor for Paraguay, Oscar Llamosas Díaz,

2803, 2022

The future of money

THE United States, one of the world’s largest economies, seems set to accelerate movement towards the integration of digital assets as a means of providing financial services, including money and payments.

Last week, United States Undersecretary for Domestic Finance Nellie