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

2604, 2020

What really happened in the oil market this week?

Common perception: Supply is too high, and demand is too low.

Reality: Mechanics related to the contracts that govern the purchase of oil exacerbated the impact of the price decline.

While the common perception is true, the reality is more

2604, 2020

Virus crisis ‘devastating’ jobs, output: ILO

NEW YORK, United States — A man wearing a protective mask rides a bicycle on April 21, 2020 in the Queens borough of New York City. Daily death toll numbers related to the novel coronavirus disease (COVID-19) continue to

2404, 2020

Global lockdowns changing the way people send and receive money

Country lockdowns to prevent the spread of COVID-19 are significantly impacting the flow of international payments.

Data from international money transfer service WorldRemit shows that restriction on movement is changing the way people send and receive money abroad.

WorldRemit says in recent

2404, 2020

PSOJ raises more than $80 million in COVID-19 relief effort

The Private Sector Organisation of Jamaica is reporting that it has so far raised more than $80 million through its COVID-19 Jamaica Response Fund.

The Fund is a multi-sectoral, private, public and social services initiative in partnership with the Council of