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

2102, 2022

Elevated concern

THE Government’s plan to spend more to “attract and retain” professionals needed to run the public bureaucracy has come in for scrutiny from the Private Sector Organisation of Jamaica (PSOJ).

The PSOJ, in a release on Friday, in which it gave

1902, 2022

IMF predicts 4.3% growth for Jamaica this year

The International Monetary Fund, IMF, on Tuesday predicted that Jamaica would register economic growth of 4.3 per cent this year, down from the projected growth of 4.7 per cent last year.

It noted that while the Jamaican economy is rebounding, risks

1902, 2022

Brazil mudslide death toll is at 117, police say 116 missing

PETROPOLIS, Brazil (AP) — The death toll from floods and landslides that swept down on the mountain city of Petropolis rose to at least 117 on Thursday and local officials said it could still rise sharply, with 116 more still

1802, 2022

Economy grows 4.4 per cent in 2021

AMID continued COVID-19 restrictions and other challenges in the local and global environment, the Planning Institute of Jamaica (PIOJ) reported 4.4 per cent growth for the economy between January to December of last year relative to the previous year.

The entity,