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

2406, 2021

Caribbean Airlines downsizes due to COVID-19 losses

Regional carrier Caribbean Airlines Limited (CAL) in its first quarter performance this year reported US$25.7 million or TT$172.7 million in losses — a 75 per cent downturn in revenues when compared to the corresponding period of last year.

Since the outbreak

2406, 2021

Montague: Open arms for Uber, with a warning

n his first public pronouncement on the controversial entry of Uber into the Jamaican market, Transport Minister Robert Montague has welcomed the ride-sharing company’s overtures locally but cautioned recruited drivers to have the requisite…

https://jamaica-gleaner.com/article/lead-stories/20210623/montague-open-arms-uber-warning

2406, 2021

World economy back at pre-pandemic level — data firm

PARIS, France (AFP) — The global economy has surpassed its pre-pandemic peak, data survey firm IHS Markit said Monday, as the recovery accelerates thanks to vaccination and the end of pandemic-related restrictions.

IHS Markit, which conducts monthly surveys of businesses that

2106, 2021

Oran Hall | Restoring your credit score

QUESTION: In 2019, I took out a credit card and always paid my bills on the due date. When COVID-19 came about, I had to use the card to help with getting food