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

2406, 2020

Spur Tree seeks to expand in new and existing markets

After sending off its first shipment of products to Costa Rica last Friday, Spur Tree Spices is now seeking to tap into other foreign markets and to expand in those already penetrated.

The sauces and marinade company’s Chief Executive Officer (CEO)

2406, 2020

Jamaica’s net remittances down by US$15.4 million in April

Jamaica’s net remittance inflows have decreased by more than eight per cent to US$159.7 million. In April alone, the decrease was calculated at US$15.4 million.

Many pundits projected that remittance flows for April would decline with several local remittance

2306, 2020

US home sales drop to lowest level in more than 9 years

US home sales dropped to their lowest level in more than nine and a half years in May, strengthening expectations for a sharp contraction in housing market activity in the second quarter following disruptions caused by the COVID-19 pandemic.

2306, 2020

World’s poorest countries could save over US$12 billion in debt relief programme

The world’s poorest countries could save more than US$12 billion owed to sovereign and other creditors this year through their participation in a debt-relief program.

This is based on estimates published on Friday in a new database from