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

1911, 2020

US$50m price tag for new parliament building

The new parliament building designated for National Heroes Circle will cost US$50 million ($7.5 billion), according to the Urban Development Corporation, UDC, the agency that will oversee the project’s implementation.

Its just one of the elements of the project to develop

1911, 2020

Global luxury sales forecast to plunge 23% due to pandemic

Sales of luxury apparel, jewellery and beauty products are set to slide by nearly a quarter this year as the pandemic wipes out more than six years of growth, according to a study released Wednesday by the consultancy Bain.

Still, the

1811, 2020

General Accident records $147-million net profit

General Accident Insurance Company Jamaica Limited (General Accident) posted on Saturday, November 14 an unaudited net profit of $147.18 million for the nine-month period ended September 30, 2020. This represents a 24 per cent decline over the previous corresponding

1811, 2020

Christopher Tufton | The reality of universal healthcare in developing countries: the Jamaican experience

A response to the United Nations (UN) Secretary General António Guterres’ October 2020 policy brief, “COVID-19 and Universal Health Coverage,” in which he urged all countries to speed up and scale up investment in universal health coverage and in stronger