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

2601, 2022

Alliance loses second round of licence suspension court battle

Alliance Financial Services Limited, AFSL, has failed in its bid to have the suspension of its cambio and remittance licences lifted while it fights the action taken by the central bank in court.

The Bank of Jamaica, BOJ, suspended the licences

2601, 2022

GK still working through details of employee share offer

GraceKennedy Limited is working through details of the announced employee stock ownership plan, ESOP, but intends to share full information about the centenary gift with its more than 2,000-member workforce within the next few weeks, before advising regulators and stakeholders.

The

2601, 2022

Adrian Stokes resigns from Scotiabank

Dr Adrian Stokes has resigned as senior vice president and head of insurance and wealth for Scotia Group.

Scotiabank says he will be leaving to pursue other opportunities.

Stokes joined the Scotia Group in 2010 and held several key positions during his tenure including

2601, 2022

Amazon heads to the mall with prototype clothing store

F irst, Amazon competed with malls. Now, it’s moving inside one.

The online retailing giant said Thursday that it plans to open a clothing store in a Southern California mall later this year. It’s the latest foray into brick-and-mortar