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)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

Claims Payout (2012-2013)
Click to Download Reports

General Insurance (2014-2015)
Click to Download Reports

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

2605, 2020

Just as the Caribbean was emerging from the debt crisis…

BEFORE the COVID-19 pandemic the small, middle-income developing economies of the Caribbean had been slowly but steadily emerging from their prolonged debt crisis. Now, thanks to COVID-19, their existing debt situation will worsen dramatically.

Reduced tax revenue and foreign exchange earnings,

2605, 2020

Business owners urged to adjust to survive

MANDEVILLE, Manchester — President of the Manchester Chamber of Commerce Kenisha Dwyer-Powell and her predecessor Garfield Green have added their voices to those urging entrepreneurs to find new ways of operating in order for businesses to survive the COVID-19 pandemic.

Dwyer-Powell

2605, 2020

Millions more Americans file for jobless benefits; productivity tanks

WASHINGTON (Reuters) – Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen.

The deepening economic crisis

2605, 2020

General Accident launches new insurance policy for SMEs

General Accident Insurance Company has launched a new combined business insurance policy for small and medium-sized businesses.

The company says Future 360 Combined Insurance Package is a cover policy specific to the new operational models being rapidly developed during the COVID-19