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

Less money, more transactions for WorldRemit

As world economies buckle under the impact of the COVID-19 pandemic, WorldRemit International has said that despite the talk of declines in the remittance sector, it has seen 100 per cent increase in its digital money transfer services.

“While senders are

2204, 2020

Sagicor Group tweaks 2020 investment strategy because of COVID-19

Sagicor Group Jamaica has revised its investment strategy for this year owing to the COVID-19 pandemic, which has seen the conglomerate becoming more conservative in its investment plans for 2020.

Sagicor President and CEO Chris Zacca, who made the disclosure

2104, 2020

More than 75% of Digicel bondholders endorse debt write-off deal

The Irish Times newspaper is reporting that Digicel has revealed that more than 75 per cent of creditors holding almost US$5.1 billion of the group’s debt pile have so far agreed to write off a significant amount of what they

2004, 2020

NCB urges businesses to pay staff online this month

NATIONAL Commercial Bank (NCB) has urged businesses to pay staff electronically, instead of with cheques, for the month of April to avoid pay disruptions resulting from branch closures and quarantines related to the COVID-19 epidemic.

NCB, in a release, said in