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

1711, 2021

Sagicor Group reports historic quarter, lands Cayman licence

Sagicor Group Jamaica recently received regulatory approval to start operations in the Cayman Islands, on the heels of a historic quarterly earnings of more than $8 billion that outclassed even the top profit maker.

“Our Cayman investment company finally got its

1511, 2021

POCA to target more professional groups for money laundering

The areas which the Proceeds of Crime Act (POCA) can target are being broadened to increase the prosecution of money laundering offences among certain professional groups.

Financial Investigations Division (FID) Chief Technical Director Selvin Hay, who made the disclosure about

1511, 2021

Oran Hall | Trends in the private pension industry

pension industry quarterly statistics for June 2016 and June 2021 shows several positive developments.

Coverage of the employed labour force in June 2021 was 11.56 per cent, up from 9.06 per cent in June 2016, which itself was lower than the

1411, 2021

Securities dealers record strong growth

The Financial Services Commission (FSC ) indicates in its latest report on a sector comprising 29 securities dealers that assets have grown by 16.8 per cent as at June 30, 2021.

For the sector whose primary business is dealing in