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

2110, 2020

Jamaica readies for proliferation of 5G services locally

Jamaica is far advancing its regulatory and monitoring regime for the proliferation of fifth generation (5G) mobile technology services in Jamaica.

Already the regulator of mobile technology in Jamaica, the Spectrum Management Authority (SMA), is laying the groundwork for

2110, 2020

BCIC preps cyber insurance for businesses

Amid rising cybercrimes and sophisticated digital attacks on companies globally, a British Caribbean Insurance Company (BCIC) executive has said that the underwriting company is in the process of adding cyber insurance as a new line to its already extensive

2110, 2020

Jamaica approves Remdesivir for treatment of COVID-19 patients

Jamaicans infected with COVID-19 will soon have access to the antiviral drug Remdesivir which has proven to shorten the recovery time for some patients.

The Ministry of Health and Wellness has indicated that it will be procuring supplies of the drug

2110, 2020

Remittance inflows continue to outpace 2019

The freshly released Bank of Jamaica (BOJ) report for remittances for the month of July 2020 indicates that inflows continue to climb year over year.

January to July 2020 remittance inflows totalled US$1555.1 million, central bank data shows. This compares to