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

605, 2020

IronRock increases income and reduces losses for first quarter

IronRock Insurance Company Limited, on Friday last, reported an after-tax loss of $2.8 million for its first quarter ended March 31. The company was therefore able to reduce its losses when compared with the $9.7 million net loss recorded in

605, 2020

Huawei builds world’s highest 5G base station on Mt Everest

Mountaineers climbing Mount Everest, the world’s highest mountain, may now benefit from 5G technology as Chinese information and communications technology Huawei, along with China Mobile, have jointly set up the world’s highest base station on the world’s highest mountain.

Launching the

505, 2020

NCB kicks digital transformation into high gear

Given the contraction in some of its business and the challenges resulting from the COVID-19 pandemic, Jamaica’s largest commercial bank, National Commercial Bank Jamaica Limited (NCB), is accelerating its digital transformation initiative.

The announcement has come as NCB reports a

505, 2020

Export revenues decline for January

The Statistical Institute of Jamaica (STATIN) reported that for the month of January, revenues from exports amounted to US$102.7 million or 27.8 per cent lower than the US$142.3 million earned in the similar period last year.

According to the