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

1607, 2020

China’s economy returns to growth as virus lockdowns lifted

BEIJING, China (AP) — China became the first major economy to report growth following the coronavirus pandemic, recording an unexpectedly strong 3.2 per cent expansion over a year earlier in the latest quarter as anti-virus lockdowns were lifted and factories

1507, 2020

Home is the new office

Thousands of office workers are now working from home as a result of the stringent measures implemented to reduce the spread of COVID-19. Companies and workers who may have been reluctant in the past have had to move quickly to

1507, 2020

Accelerate national health insurance scheme — Insurance Association

Given the ballooning cost for health care in Jamaica especially since the novel coronavirus pandemic, the Insurance Association of Jamaica (IAJ) is calling on the Government to accelerate the national health insurance scheme.

The much-talked-about national health insurance scheme for

1507, 2020

Sagicor Life sees 400% increase in use of digital insurance portals

Sagicor Life Jamaica is reporting a significant increase on its specialised digital portals as more of its clients pivot towards online transactions.

The company, which last year launched eLife for the purchasing of life insurance policies,