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

102, 2022

Food bill headache

WHILE Jamaicans continue to moan about the cost of food, a report published Friday on Bloomberg , a US-based business publication, is suggesting there will be no relief soon.

The report titled ‘Food Bill Headache’, as part of Bloomberg’s efforts

102, 2022

JMMB joins bank fees convo

mid the row between customers and commercial banks on the increase in fees amid the slow economic recovery and inflationary environment, JMMB Group Limited has welcomed the dialogue on fees charged by deposit-taking institutions (DTI) to transact services with

102, 2022

Banks’ about-face

BANKS are issuing assurances that they have introduced products which will allow customers to save on fees.

Scotiabank has also delayed planned fee increases for six months, while Jamaica National Bank indicates that fees that were implemented from 2020 still function

102, 2022

Mexico remittances pass US$50b, surge during pandemic

Mexico’s remittances – the money migrants send home to their relatives – have soared in the past two years and are now expected to top US$50 billion for the first time once 2021’s figures are added up. That would surpass