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

205, 2020

Huawei expects strong growth after COVID-19

TELECOMMUNICATIONS giant Huawei is facing the future with optimism despite the economic devastation being caused by the novel coronavirus pandemic.

During a recent online cybersecurity webinar involving Jamaicans, dubbed ‘Tech Talk’, director of the European Centre for International Political Economy, Hosuk

205, 2020

MSC cruises to extend suspension of operations until July

Global cruise line MSC Cruises, which had one of its ships turned away from Jamaica two weeks ago due to coronavirus fears, has extended the suspension of all operations around the world until July 10 amid the COVID-19

205, 2020

NCB Financial reports net profit of $13.4 billion

The NCB Financial Group is reporting net profit of $13.4 billion for the first six months of its 2020 financial year.

That was up from $12.4 billion last year.

NCB says net profit attributable to stockholders totalled $9.6 billion,

205, 2020

IMF predicts 6.2 percent contraction of Caribbean economies

The International Monetary Fund (IMF) says a sudden stop in tourism caused by border closures and lockdowns aimed at containing the coronavirus pandemic will cause a 6.2 percent contraction of the Caribbean economy in 2020.

This is the deepest recession in