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

2804, 2021

Carol Ebanks appointed chief people officer at BCIC

British Caribbean Insurance Company (BCIC) is moving forward with plans to further modernise its workforce with the addition of Carol Ebanks as the insurers first-ever chief people officer (CPO). Ebanks, a talent management executive, stepped into the newly created

2804, 2021

Guardian Life posts strong financial results for 2020

Guardian Life Limited (GLL) is reporting after-tax profits of $9.3 billion for the year ended December 31, 2020, an increase of 17 per cent on the $7.9 billion achieved in 2019.

This performance, the company said in a news release, reflects

2804, 2021

IMF slices growth forecast for Jamaica

Jamaica is forecast to leap over some of its regional peers next year, amid recovery from the coronavirus pandemic, new growth estimates released on Tuesday by the International Monetary Fund show. But this year, while the country is still expected…

2804, 2021

Way out of COVID-19 economic crisis increasingly visible – IMF

WASHINGTON, USA (AP) — The roll-out of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund (IMF)