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

Sagicor Investments expanding to Cayman

Sagicor Group Jamaica Limited, SGJ, is putting up US$100 million ($15 billion) for a large stake in the LNG power plant that fuels the Jamalco refinery at Halse Hall in Clarendon and is owned by natural gas infrastructure developer and

2106, 2021

Sagicor Group taking large stake in NFE-Jamalco power plant

Sagicor Group Jamaica Limited, SGJ, is putting up US$100 million ($15 billion) for a large stake in the LNG power plant that fuels the Jamalco refinery at Halse Hall in Clarendon and is owned by natural gas infrastructure developer and

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

‘Smaller companies don’t have the resources to comply with Data Protection Act’ — Chris Berry

Chris Berry, executive chairman of Mayberry Investments Limited, says he believes that many small enterprises may not be able to comply with the Data Protection Act, 2020 due to lack of resources.

Berry, a businessman who sits on numerous boards