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

2912, 2021

Remittance boost

A continued upswing in remittance inflows is accredited to a growth of 9.8 per cent in inflows via remittance companies aided by an increase in inflows via other remittances of 3.0 per cent for the month of October.

Remittance inflows for

2912, 2021

More countries adopt ECCB digital currency

The Eastern Caribbean Central Bank (ECCB) expanded its central bank digital currency (CBDC), DCash, to two more nations of the Commonwealth: Dominica and Montserrat, making it seven out of the eight-member union which are now listed as participants.

The Eastern

2912, 2021

Gas prices ease

Mixed movements in the prices of petroleum products in the US Gulf Coast during the past week will result in Jamaican consumers getting an ease from record gas prices this week, but the price of diesel will increase.

As of

2912, 2021

Insurance policy puzzle

Time is running out and frustration is building for the family of Taneka Gardner, the woman whose throat was slashed during a sacrificial ceremony at Pathways International Kingdom Restoration church last October as her insurance claim process drags on.

Septimus Gardner