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

805, 2020

Jamaica to be added to EC “financial risk” list

Reuters news agency has reported that Jamaica is among twelve countries the European Commission is set to add to its list of states that pose financial risks to the bloc because of anti-money laundering and terrorism financing shortfalls.

Reuters said the

605, 2020

Berry cautions about BOJ-imposed dividend suspension

At least one major player in the financial sector, Chris Berry, chairman of Mayberry Investments, is cautioning about the recently imposed suspension of dividend payments by the Bank of Jamaica (BOJ).

Last week the BOJ ordered that local financial holding companies

605, 2020

Carnival to resume limited cruise operations on August 1

MIAMI United States (AFP) — Carnival Cruise Line announced on Monday that it will resume limited operations from Florida and Texas on August 1 after halting cruises because of the coronavirus pandemic which left some passengers trapped on its ships

605, 2020

IDB projects weakened growth prospects for 2020 and beyond

The Inter-American Development Bank (IDB), in its latest assessment of the impacts of the COVID-19 pandemic, has said that shocks will have significant implications for Jamaica’s economic performance and growth prospects this year and beyond.

In a recent assessment undertaken by