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

1007, 2020

Ending the stigma of insolvency

Private Sector Organisation of Jamaica (PSOJ) Immediate Past President Howard Mitchell is encouraging business and financial institutions to conduct a sensitisation campaign on insolvency and the availability of earlier intervention for micro, small and medium-sized enterprises (MSMEs).

“As a community

1007, 2020

PIOJ projects GDP will recover in two to four years

The PIOJ said it was not anticipating that the economic recovery from COVID-19 will be as long as the recovery period following the global economic recession in 2008-2009, given the relative strength of the Jamaican economy along with the

1007, 2020

Key Insurance appoints new head of finance

Key Insurance has announced the appointment of a new head of finance.

This is the third management change since GraceKennedy took over in March, and comes as the conglomerate reorganised the board of directors at Key.

Key advised that Stuart Andrade has

807, 2020

THE BOUNCE BACK FACTOR: As the world’s economy reopens… what’s next for investors?

THE COVID-19 pandemic has disrupted the world over the last several months but the situation, though slowly, is taking a turn for the better as economies worldwide reopen. What next is in store for investors?

This year has seen the economies