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

2701, 2022

Gov’t turns up pressure on ‘tone-deaf’ banks over new fees

The Government is turning up the pressure on commercial banks saying increased user fees will cause greater stress for Jamaicans.

In the past 24 hours, both Prime Minister Andrew Holness and Finance Minister Dr Nigel Clarke have denounced the fee adjustments.

“Business

2701, 2022

NCB seeks to explain why it is increasing banking fees

Under pressure, the National Commercial Bank (NCB) has sought to explain how it arrived at new and increased banking fees.

Both NCB and Scotiabank have been facing intense public criticism over the new fees.

READ: Gov’t turns up pressure on ‘tone-deaf’

2701, 2022

Corporate Hands | Sagicor Foundation supports drive

Dr Blondel Crosdale (left), consultant neonatologist at the University Hospital of the West Indies, explains the use of the oxygen concentrator machine to Serika Sterling (centre), founder of The Preemie Foundation of Jamaica, and Mischa McLeod Hines, vice-president, Capital Markets,

2701, 2022

Earth Today | Early warning systems said key to avoiding climate disasters

GIVEN PROJECTED shifts in the frequency and scale of climate-related events, the call has come for a proper consideration of early warning systems as pivotal to adaptation for Jamaica and other small island developing states (SIDS).

“Early warning systems are an