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

1704, 2020

Sagicor receives $250 million of funds for Tourism Workers Pension Scheme

KINGSTON, Jamaica— Tourism Minister, Edmund Bartlett says the Government has handed over $250 million of the $1 billion committed to the Tourism Workers Pension Scheme to newly-selected fund manager, Sagicor Jamaica Limited.

“The long awaited Tourism Workers Pension Scheme has reached

1704, 2020

COVID-19 – a risk management case

One of the things you appreciate with Enterprise Risk Management, is that it is not possible, or feasible, to eliminate every risk. What you do is put policies in place to mitigate the identified risks, as much as possible and

1704, 2020

SAGICOR ready for COVID-19 storm

Sagicor Jamaica is expressing confidence that it is capitally strong and highly liquid enough to ride out the COVID-19 economic contraction now on in earnest in Jamaica and across the globe.

President and CEO of Sagicor Group Jamaica Chris

1704, 2020

Jamaica seeks access to IMF’s Rapid Financing Instrument

Jamaica has requested access to the International Monetary Fund’s (IMF) Rapid Financing Instrument (RFI), Finance Minister Dr Nigel Clarke disclosed yesterday.

According to Minister Clarke, the decision was taken to access the instrument because the duration of the “global lockdown”