Loading...

Statistics on The Insurance Sector

Review of Economic Performance-Current Context.

Industry Statisticsmyiaj_admin2024-10-08T11:27:18+00:00

Latest Industry News

PeterLevey-SpeakstoMotorInsurance

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.

PeterLevey-SpeakstoMotorInsurance

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)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

Claims Payout (2012-2013)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

advertise-here

advertise-here

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

iaj-motorinsurance_icons_white-01

MOTOR INSURANCE

iaj-propertyinsurance_icon_white-01

PROPERTY INSURANCE

iaj-heath-insurance_icon_white1-01

HEALTH INSURANCE

iaj-retierment-insurance_icon_white-01

RETIREMENT INSURANCE

2009, 2023

Will AI replace marketers?

IN recent years, the world has witnessed unprecedented advancements in artificial intelligence (AI) technology, reshaping industries and redefining the boundaries of what machines can achieve. As these AI-driven tools become increasingly sophisticated, they’ve ignited a fervent debate

2009, 2023

Investing in an APO can be a good financial strategy, says research analyst

NOT to be confused with an initial public offering (IPO), where a company offers its stocks to the public for the first time, an additional public offering (APO) is an additional opportunity provided to the public to purchase

2009, 2023

A shareholder’s ‘right’ to dividends

2009, 2023

SL insurance payout relieves Gov’t of salary costs

Opposition Spokesman on Finance Julian Robinson is questioning whether the US$1 million (J$155 million) insurance payout to Stocks & Securities Limited (SSL) will be used to, among other things, refund payments to the receiver/manager and costs incurred by the state

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.

Other Interesting Statistics

Life Insurance Caribbean

General Insurance Caribbean

Retirement Investment Caribbean

IAJ Promotes Best Practices in
The Insurance Industry.

The IAJ provides avenues for addressing common concerns and encourage sound industry practices and ethical conduct of members while promoting the best interests of the insuring public.

Stay Informed, Join the Conversation

IAJ stands ready to engage everyone promoting insurance literacy among the Jamaican consumers through our various platforms including but not limited to our Website, Social Media, Email and Events.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Settings Ok