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

1105, 2021

Lending institutions expecting increased demand in loans

Jamaica’s lending institutions are forecasting an increase in the demand for loans during the March and June quarters of 2021, evidenced by the results of the latest Quarterly Credit Conditions Survey (QCCS) undertaken by the Bank of Jamaica (BOJ).

The results

1105, 2021

Transfer Impact Assessment – EU Data Transfer

THE Government is holding talks with a number of prospective investors on projects that are expected to establish 400 acres of additional special economic zone (SEZ) space across the island, estimated at a value of more than US$1.3 billion.

Construction on

1105, 2021

Eric Parrado | Ending Latin America’s economic malaise

Latin America and the Caribbean need a hard reset. With less than one-tenth of the world’s population, the region has accounted for more than one-quarter of total COVID-19 deaths.

The pandemic continues to rage almost unabated in Brazil, Paraguay, Chile, Argentina,

1105, 2021

Supreme Ventures buys stake in Main Event

Supreme Ventures Limited, SVL, announced the purchase of a 10-per cent stake in Main Event Entertainment Group Limited, an events production company valued at $1.05 billion on the stock market. The stake bought by SVL Group would be valued around