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)
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

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

1802, 2021

Okonjo-Iweala is first woman, African to lead world trade body

FRANKFURT, Germany (AP) — Nigerian economist Ngozi Okonjo-Iweala was appointed on Monday last to head the World Trade Organization (WTO), becoming the first woman and first African to take on the role amid rising protectionism and disagreement over how the

1802, 2021

World Bank approves additional US$10 million for Jamaica

Minister of Finance and the Public Service, Nigel Clarke, and World Bank Director for the Caribbean, Tahseen Sayed signed the loan agreement of the Second Rural Economic Development Initiative (REDI II) Project in March 2020. Other members of the

1802, 2021

Join a retirement pension plan, Montague urges transport operators

KINGSTON, Jamaica— Minister of Transport and Mining, Robert Montague is urging transport operators to ensure they have a pension plan for retirement.

Montague was speaking at the stakeholders meeting for the “Ribbon First Responders Training and Certification Project” in Half Way

1802, 2021

Private bond market launches with GHL listings

Insurance conglomerate Guardian Holdings Limited, GHL, listed two securities on the JSE Private Bond Market platform on Tuesday, the first company to utilise the platform that went live in January.

The two bonds include the GHL Tranche B 6.50% fixed-rate, unsecured