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

2708, 2023

BOJ clarifies position on wage increases

Bank of Jamaica has issued a statement clarifying its position on the potential impact of private-sector wage increases on inflation, following news reports on Wednesday.

https://jamaica-gleaner.com/article/business/20230825/boj-clarifies-position-wage-increases

2708, 2023

NCB cuts Lynk jobs in hunt for cash to pay dividends

NCB Financial Group is restructuring its fintech subsidiary TFOB (2021) Limited, which trades as Lynk, resulting in job losses particularly among employees engaged as contractors. It is also likely to affect some department heads.

NCB has not detailed the size of

2308, 2023

Business BOJ concern

Bank of Jamaica Governor Richard Byles

THE Bank of Jamaica (BOJ) said it is concerned about the potential destabilising effects of a tight labour market on its efforts to combat inflation, especially if wage increases being negotiated by various

2308, 2023

Caribbean Assurance Brokers spending big on tech

Caribbean Assurance Brokers is looking to launch a new platform later this year.

After its regional expansion plans were grounded to a halt because of the pandemic, Caribbean Assurance Brokers Limited (CAB) has ramped up its spending on