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

1306, 2020

Carnival Cruise says it will resume Caribbean trips in summer

Carnival Cruise Line announced Monday it will start cruising again, from Florida and Texas, beginning in August. These Caribbean trips will be the company’s first new itineraries since the coronavirus pandemic forced a near-total pause in the global cruise industry.

The

1306, 2020

Coronavirus cases in the Caribbean to date: 15,131

Confirmed Caribbean coronavirus cases as of today, May 8:

Dominican Republic- 9095 cases, 373 deaths, 2064 recovered
Puerto Rico- 2,156 cases (positive only patients), 107 deaths
Cuba- 1729 cases, 73 deaths, 1031 recovered

1306, 2020

Tropical Storm Arthur forms; first named storm of season

Tropical Storm Arthur formed off the coast of Florida on Saturday, making it the sixth straight year for a named storm to develop before the official June 1 start of the Atlantic hurricane season.

The storm’s centre was located at 11

1306, 2020

Caribbean governments get discounts on disaster coverage

The CCRIF SPC (formerly known as the Caribbean Catastrophic Risk Insurance Facility) says all member governments in the region have renewed their insurance coverage ahead of the 2020 Atlantic hurricane season.

What’s more, the pool of available funds has increased by