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

1208, 2020

Gov’t allocates $1 billion for students on PATH, poor relief support

THE Government will be allocating $1 billion in back-to-school assistance to just over 200,000 children who are on the Programme of Advancement Through Health and Education (PATH) and poor relief support.

Making the announcement in the House of Representatives yesterday, Finance

1208, 2020

BCIC cops top spot as leading general insurer in 2019

After surpassing an $11-billion mark in gross written premiums (GWP) last year, British Caribbean Insurance Company (BCIC) has been ranked by Insurance Association of Jamaica (IAJ) as the leading general insurance company in 2019.

According to IAJ statistics, this performance

1208, 2020

Mixed results for Sagicor’s Select Funds

Sagicor is reporting mixed results for its two Select Funds, the Manufacturing & Distribution and the Financial Select Funds, for the second quarter ended June 30.

On the positive side, the Manufacturing & Distribution Select Fund recorded a net profit of

1208, 2020

Jamaica must guard against cybercriminals, says Fortinet director

THE importance of protecting Jamaica’s vital infrastructure is reinforced in Fortinet’s 2020 State of Operational Technology and Cybersecurity Report.

Layard Terrero, Fortinet systems engineer and director for Central America and the Caribbean, says that Jamaica, like many other countries in Latin