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

2106, 2021

COVID halts real estate momentum

Construction, which is captured as a goods-producing sector in the counting of national output, was a star in the real economy last year. But real estate, which is classified as a service, was unable to match it. Although the number

2106, 2021

Insurers blow horn against below-radar Uber drivers

Jamaica’s main insurance umbrella group has warned vehicle owners and operators enlisting with ride-sharing service Uber that they could compromise their coverage if they fail to disclose the arrangement to their insurers. The Insurance Association…

https://jamaica-gleaner.com/article/lead-stories/20210618/insurers-blow-horn-against-below-radar-uber-drivers

2106, 2021

JNGI, CGM join forces to reach out to retirees

MEMBERS of the Caribbean Community of Retired Persons (CCRP) — a non-profit membership organisation for people 50 years or older — are welcoming the opportunity of accessing home and auto insurance at a reduced cost, courtesy of a partnership between

2106, 2021

Tourism Workers’ Pension Fund ready for applications

TOURISM Minister Edmund Bartlett says that tourism sector employers will start contributing to the new Tourism Workers’ Pension Scheme (TWPS) in January 2023, at a rate of five per cent per annum.

He told the House of Representatives Tuesday, as he