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

2601, 2021

COVID-19: Here’s what you need to know today

KINGSTON, Jamaica — More than 99.1 million coronavirus infections have been confirmed worldwide, with over 2.1 million people across 196 countries and territories having died and over 60.1 million having recovered from the virus.

Many countries have re-imposed restrictions on movement

2101, 2021

Wall Street hits records amid profit reports, Biden inauguration

US stocks rallied to records on Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.

The S&P 500 was 1.3 per cent higher at 3,848 points in early afternoon

2101, 2021

Unemployment figures tick upwards as COVID-19 bites

The country’s unemployment rate increased by 3.5 percentage points between October 2019 and October 2020 to leave 10.7 per cent of Jamaica’s labour force unemployed.

The number were released yesterday by the Statistical Institute of Jamaica (STATIN) which further noted that

2101, 2021

Sagicor’s tough choices

For 23 years Sagicor Jamaica has made the tough decision of who, among the country’s needy, will benefit from funds raised through its hugely popular Sigma Run. The company’s strategy has been to focus on those with the greatest