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

707, 2021

Developers unwrap more plans in 2021 as portfolio diversification drives industry

DEVELOPMENTS which might have been put on hold in 2020 due to the spread of COVID-19 are now being brought forward for implementation.

Sandra Garrick, chief executive officer (CEO) of the Real Estate Board, indicates that as at June 30, 2021

707, 2021

Sagicor Life launches tele-underwriting to bolster insurance services

Sagicor Life Jamaica (SLJ) , in another first of its kind move, has added tele-underwriting to its line of digital products. The introduction of the service is aimed at bolstering operations within its insurance business.

Following a pilot launch of

707, 2021

Jamaica signs off on catastrophe bond grant agreements

Jamaica has signed off on important grant funding arrangements, paving the way for its long-awaited catastrophe bond issuance to get on the way.

Jamaica has been planning a catastrophe bond issuance for two years now to enhance its disaster

707, 2021

130 countries back deal on global minimum tax for companies

FRANKFURT, Germany (AP) — Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low