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)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

Claims Payout (2012-2013)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

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

2311, 2021

BOJ slams interest rate critics

Bank of Jamaica Governor Richard Byles has slammed critics of the central bank’s decision to hike its key policy interest rate twice in the last six weeks — a measure the governor said was taken to control worsening inflation to

1711, 2021

Insider trading

A s the financial markets in the Caribbean continue to deepen, there is concern that the rules and regulations aren’t evolving fast enough to keep up with the dynamic nature of dealings by insiders in a company.

As per

1711, 2021

MoneyMasters lining up private money for real estate projects out west

Boutique financial firm MoneyMasters is arranging $3 billion of private money, designated for Montego Bay property developments.

The company led by President Claudette Crooks is partnering with Concept Homes Limited, a real estate developer operating in western Jamaica, and already has

1711, 2021

GK paying $1.1b for SIECL, Wehby takes the chair

Food and financial conglomerate GraceKennedy Limited has paid over $637.7 million for the acquisition of Scotia Insurance Eastern Caribbean Limited, SIECL, but has a second payment of $476 million to meet next October.

The disclosure of the payments, amounting to more