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

601, 2022

Reshaping regional integration

President of the Caribbean Development Bank (CDB) Hyginus “Gene” Leon is proposing a new strategy to advance regional integration. Leon said the strategy of relying on politicians to implement changes at the national level has not been working and must

601, 2022

Oran Hall | The consumer and inflation

The effect of inflation on each household is unique because no two households are exactly alike, and households combine the goods and services they use in different ways.

The items in the ‘basket’ of goods and services used in calculating the

601, 2022

BOJ reports digital currency pilot success

The Bank of Jamaica, BOJ, says its trial run for the roll-out of its still unbranded central bank digital currency, CBDC, has been a success despite its take-up by only one financial institution.

National Commercial Bank Jamaica, NCB, was the only

401, 2022

Growth & Jobs | STATIN reports third-quarter growth for economy

The Statistical Institute of Jamaica (STATIN) is reporting third-quarter calendar year growth of 5.8 per cent for July to September 2021, compared to the corresponding period in 2020.

In a statement on Friday (December 31), STATIN said the outturn was attributable