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Industry Statistics2024-10-08T11:27:18+00:00

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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General Insurance (2014-2015)
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General Insurance (2014-2015)
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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

202, 2021

Businessman ‘Beachy Stout’ charged with murder of 1st wife

KINGSTON, Jamaica — Portland businessman Everton McDonald, otherwise called ‘Beachy Stout’, has been charged with the 2009 murder of his first wife Merlene McDonald.

Merlene was shot dead in May of that year at her Boundbrook home in Port Antonio,

202, 2021

Oran Hall | Making informed personal investment decisions

I have often wondered why some people are prepared to invest their money without even a basic understanding of what it really means to invest.

So often, investment advisers are blamed for not calling their clients to say when they should

202, 2021

Growth & Jobs | JSIF assists with small enterprise recovery

Chairman of the Jamaica Social Investment Fund (JSIF), Dr Wayne Henry, says the agency, in partnership with the Rural Economic Development Initiative, Phase II (REDI II), has been responding to the recovery efforts of small agricultural and community tourism enterprises

2901, 2021

NCB carries no dividend payment into 2021

NATIONAL Commercial Bank Group (NCB) is advising that there will be no interim dividend payment for the first quarter of its 2021 financial year.

This represents a continuation of its no dividend payment which occurred for three of the four quarters

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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.
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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.
READ MORE
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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.
READ MORE
READ MORE

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.
READ MORE
READ MORE

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.
READ MORE
READ MORE

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.
READ MORE

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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.

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