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

2806, 2020

Pandemic business continuity insurance possible but pricey

With no vaccine or treatment yet developed, there is a lot of ‘guesstimating’ that the COVID-19 coronavirus may be around for at least another year, but more likely two, and that people and systems will have to adjust.

That includes the

2806, 2020

BNS sells another Caribbean bank

The Bank of Nova Scotia (BNS) continues to reduce its Caribbean presence by selling some country operations.

Caribbean Investment Holdings Limited (CIHL) announced on June 22 that it has reached an agreement for the purchase of Scotiabank (Belize) from Scotiabank Caribbean

2806, 2020

Jamaica has no choice but to remain open – Clarke

Minister of Finance and the Public Service Dr Nigel Clarke says Jamaicans who are conflicted about the island reopening its economy, before the coronavirus (COVID-19) is completely contained, should understand the consequences of doing otherwise.

Growing economic dislocation could affect the

2806, 2020

EXIM Bank providing $8.1 billion in loans

The National Export-Import Bank of Jamaica (EXIM Bank) says it will be disbursing $8.1 billion in loans to micro, small, and medium-sized enterprises (MSMEs) this fiscal year. That is an increase of $2.1 billion over the $6 billion in financing