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

1210, 2021

‘We will overcome’, Pandohie says after Facey warehouse fire

Seprod Group CEO Richard Pandohie says Saturday night’s fire at the Facey Commodity main warehouse in Kingston was “hard to watch”.

Read: Fire rages at Facey Commodity

It is reported that the fire started about 8 pm and

2709, 2021

Bank of Jamaica’s CBDC solution Bank of Jamaica’s CBDC solution

Bank of Jamaica (BOJ), during the period July 16, 2020 to August 14, 2020, issued an expression of interest (EOI) inviting technology providers to submit proposals to support testing a central bank digital currency (CBDC) solution in BOJ’s Fintech Regulatory

2509, 2021

Scotia Group makes gains but still in recovery

Scotia Group Jamaica, SGJ, the second-largest banking conglomerate, reported $2.8 billion in net profit for the July 2021 third quarter, or nearly double last year’s levels, but still down by one-third over 2019 pre-pandemic levels.

“Recovery is imminent,” said SGJ President

2509, 2021

China’s trade accelerates in August despite coronavirus

China’s import and export growth accelerated in August despite disruptions due to the spread of the coronavirus’ delta variant.

Exports rose 25.6 per cent over a year earlier to US$294.3 billion, up from July’s 18.9 per cent growth, customs data showed