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

2301, 2022

CBDC for domestic use only

The Bank of Jamaica (BOJ) remains firm that its digital currency will be for domestic use only.

In an update provided to the Jamaica Observer, it said it is also not considering interoperability with any other CBDC or usable on

2301, 2022

IICA pushes transformation of agri-systems for growth and sustainability

The Inter-American Institute for Cooperation on Agriculture (IICA) has called upon states to offer increased collaboration in advancing key efforts to transform the sustainability of agri-food systems across hemispheres.

At a recent ceremony to install Manuel Otera, who was re-elected

2301, 2022

JMMB increasing funding for SMEs

The Development Finance Institute Canada (DFIC) Inc, operating under the FinDev Canada brand, recently announced a US$20-million loan to JMMB Bank (Jamaica) Limited.

The loan is intended to support Jamaica’s small and medium-sized enterprises (SMEs) seeking capital to assist them in

2301, 2022

Another door for discrimination

ARIBBEAN economist Marla Dukharan is criticising the global minimum tax as another door for discrimination.

Dukharan in the Caribbean Monthly Economic Report argued that while the United States, European Union and Organisation for Economic Co-operation and Development (OECD) convinced 136 countries