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

2204, 2020

Red Stripe Beer wins 13th Monde Selection Award for quality

Lager company Red Stripe has won a silver award for the quality of its beer from the International Quality Institute Monde Selection, adding to the brew’s impressive collection of 11 gold awards and one other silver award.

“It’s a testament

2204, 2020

Finance minister mulls oil price hedging in Jamaica

KINGSTON, Jamaica — The Government says it has taken note of the unprecedented collapse in world oil markets today, which saw oil prices collapsing more than 99 per cent before going negative.

In a statement, Minister of Finance and the Public

2204, 2020

We have to become a digital society, get a bank account to start — PM

KINGSTON, Jamaica— Prime Minister Andrew Holness is strongly urging Jamaicans to move into the digital age, saying that it is the way of the future.

The prime minister made the call last evening during a digital COVID-19 press briefing at Jamaica

2204, 2020

World Bank warns remittance payments to plunge amid pandemic

WASHINGTON, United States (AFP) — Developing countries are losing a key source of revenue as the coronavirus pandemic causes worldwide shutdowns, sharply reducing payments from workers living abroad, the World Bank said Wednesday.

Remittances are expected to plunge by about 20