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

BOJ authorises resumption of dividend payment

The Bank of Jamaica (BOJ), following a recent meeting with the representatives of financial holding company designates (FHC) and deposit taking institutions (DTIs), has agreed to the resumption of dividend declarations and distributions from these entities.

Prior to this, the

2804, 2021

Resumption of cruise tourism expected in August

As the local economy continues to recover from the fallout caused by the novel coronavirus pandemic, the tourism sector, which is one of the most severely affected, is now finalising plans to homeport a cruise vessel from the Norwegian Cruise

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…

https://jamaica-gleaner.com/article/business/20210407/imf-slices-growth-forecast-jamaica

2804, 2021

Business leaders say ENDS can bring more informal operators into formal economy

KINGSTON, Jamaica — Business sector leaders say the E-commerce National Delivery System (ENDS) can potentially assist in revolutionising economic activity in Jamaica, by facilitating the transition of more informal operators into the formal sector.

ENDS is a partnership between the Government