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

2904, 2020

It’s just a postponement — BOJ governor

Bank of Jamaica (BOJ) Governor Richard Byles has described the decision taken by the central bank last week to temporarily suspend dividend payment from financial institutions as being only a short-term measure, as the country seeks to mitigate the

2904, 2020

JMEA reports 60 per cent decline in revenues for productive sector

A recent survey piloted by Jamaica Manufacturers and Exporters Association (JMEA) indicated that more than half or just about 60 per cent of businesses surveyed in the country’s productive sector have seen a decline in revenues as the COVID-19 pandemic

2904, 2020

Digital marketing — Key to business resilience

The 2019 novel coronavirus has continued its rapid spread, challenging global health and the economy. The virus transmits through human contact, threatening normative ways of doing business, as face-to-face interactions and hand-to-hand transactions have and continue

2904, 2020

Most commodity prices will drop substantially in 2020 – World Bank

The World Bank, in its April Commodity Markets outlook, says that the global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices for the rest of 2020.

The World Bank