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

511, 2021

VM Group eyes Caribbean expansion

Following the restructuring of the VM Group, the entity is planning to expand its footprint in the Caribbean.

While the move forms part of the group’s thrust to increase its membership to one million from the current figure of approximately 320,000,

511, 2021

Several ways to help turn around a failing business

At least one-third of all businesses are prone to fail within the second year of establishment if the right growth factors aren’t in place. That’s according to director of Sisters Ink Ja Opal Levy.

Speaking on #MoneyMovesJa with Kaliah Reynolds, Levy

511, 2021

Remittances fall further in September

he Bank of Jamaica (BOJ) in its monthly remittance report indicates that in September 2021, net remittance inflows amounted to US$282.8 million, a decline of 16.8 per cent or US$ 40.7 million in comparison to September 2020.

However, overall remittance

211, 2021

Supply chain crisis not yet front-page news, but…

Each headline-grabbing event in Jamaica tends to be more captivating than the last, hence how easy it is to obscure even critical developments that are often more impactful than the sensational news of the day.

Under the shadow of the latest