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

112, 2020

Remittances up

Despite the uncertainties caused by COVID-19, Jamaicans overseas are sending home more money to their loved ones, evidenced by the latest Bank of Jamaica (BOJ) Remittances Bulletin.

The Bulletin for September 2020 showed a 30 per cent jump in remittances for

2611, 2020

BOJ confident of Jamaica being removed from Anti-Money Laundering (AML) and Counter-Financing of Terrorism watchlist

The Bank of Jamaica (BOJ) is confident of having Jamaica removed from the international watchlist of countries with weak Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) regime based on the work being carried out by the bank.

BOJ Deputy Governor

2611, 2020

US economy grew 33.1% in Q3

WASHINGTON, DC, United States (AP) — The second of three estimates on United States growth for the July to September quarter was unchanged at a record pace of 33.1 per cent. But a resurgence in the novel coronavirus is expected

2611, 2020

Cannabis stocks surge as US election opens new markets

LOS ANGELES (AP) — Cannabis stocks are flying high after voters in New Jersey, Arizona and three other states cleared the way for expanding legal sales of marijuana.

Shares in some of the biggest cannabis companies, including Aurora Cannabis, Canopy Growth