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

Job or jab?

The Ministry of Labour and Social Security has advised that Jamaica’s current laws do not support mandatory vaccination against COVID-19 for workers. This, despite concerns arising from employers as well as employees in relation to the safety of all

2908, 2021

Recovery underway

Jamaica’s economic recovery accelerated in the second quarter of this year (April to June), with the Planning Institute of Jamaica (PIOJ) estimating that output expanded by 12.9 per cent.

Dr Wayne Henry, director general of the PIOJ, said the

2908, 2021

Caribbean Blockchain Alliance counters claims of eCurrency CEO

Caribbean Blockchain Alliance has come out swinging against a claim from eCurrency CEO Jonathan Dharmapalan that blockchain technology is a “vulnerable security mechanism”. The claim was made in an article published recently by the Jamaica Observer which said Jamaica’s

2908, 2021

Small businesses grapple with lockdown disparity, no incentives

With the Government’s seven-day lockdown to curb the latest spike in coronavirus cases now in force, small business associations say the measure has been unsettling for the micro, small and medium-sized enterprises (MSME) sector which has felt the sharp