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

3008, 2021

Jamaica’s remittance flows to May total more than US$1.4billion

THE Bank of Jamaica (BOJ) has put out final data for remittance flows indicating that for the January to May 2021 period, inflows totalled US$1401.8 million. For the month of May, net flows were US$290.7 million — a sum which

3008, 2021

Insurance companies resist move to ban premium financing

Insurance companies are resisting a move by the Financial Services Commission (FSC) to effectively ban insurance premium financing.

Premium financing allows policyholders to pay their premiums over a longer period of time so that they don’t have to find

3008, 2021

Technology key for businesses to survive containment measures

Companies are being urged to incorporate greater use of technology into their operations, if they are to survive the continuous measures to contain the spread of COVID-19. Earlier this month, Prime Minister Andrew Holness announced longer curfews and seven

3008, 2021

Budgeting and extra income: How to escape debt – Part 2

PERSONAL finance expert Sherii Budley, investment advisor at Scotia Investments Jamaica Limited, this week shares with us five additional methods to walk unscathed from a debt trap.

1. BUDGETING

The first step to becoming debt-free is to simply spend less. A budget