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

1504, 2020

Rich nations moving toward virus debt relief for poor countries

PARIS, France (AFP) — Rich nations appeared yesterday to be moving towards a temporary debt relief deal to help poor countries weather the coronavirus pandemic.

Finance ministers and central bankers from Group of Seven (G7) countries said Tuesday they favour a

1504, 2020

Global stocks mostly rise as oil prices suffer another blow

NEW YORK, United States (AFP) — Global stocks mostly rose yesterday as markets embraced better coronavirus case counts in some hot spots, while oil prices slumped amid scepticism over a historic agreement by petroleum producers.

Major US indices gained more than

1504, 2020

Key Insurance losses increase to $769.5 million in 2019

Key Insurance Company, which was recently taken over by GraceKennedy Group, saw its 2019 losses increase to $769.5 million, some four and a half times the loss of $167.5 million it experienced in 2018.

The financial haemorrhaging stemmed from, among other

1504, 2020

PSOJ urges SMEs to preserve cash for the unforeseen during COVID-19

The Private Sector Organisation of Jamaica (PSOJ) in its continued effort to support small- and medium-sized enterprises (SMEs) and help them to navigate the challenges of the novel coronavirus disease (COVID-19), has advised the sector to preserve cash where possible