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

2004, 2020

MSMEs to benefit from formalisation

Micro small and medium-sized enterprises (MSMEs) are being urged to become formalised to benefit from the Government’s intervention to offset the impact of the novel coronavirus disease (COVID-19).

This, according to the Ministry of Industry, Commerce, Agriculture and Fisheries

2004, 2020

IDB predicts severe economic impact from COVID-19 for Caribbean countries

As the unprecedented crisis of the COVID-19 pandemic continues its onslaught on the world, the Inter- American Development Bank (IDB) has said that there will be severe economic implications for some Caribbean countries.

In its recently released

2004, 2020

Caribbean professor promotes design thinking for region post-COVID

The COVID-19 pandemic has added new meaning to the cliché, “changed the world forever”. Governments, giant corporations, small businesses, and families have restructured to meet the challenges of a killer disease which has caused more than 125,000 deaths worldwide.

Trinidadian

2004, 2020

Finance ministry to work with business groups on COVID-19 assistance

Minister of Finance Dr Nigel Clarke has indicated that his ministry will be working closely with various business groups and major unions representing workers, to ensure compliance of business entities in relation to applications for individual assistance under the