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

1004, 2020

BOJ removes restriction price on US$20 billion B-FXITT auction

The Bank of Jamaica (BOJ) has removed the restriction on the price at which B-FXITT participants can resell the US$20-million intervention funds, which was auctioned on Wednesday.

While the restriction has been removed on the resale price, the

1004, 2020

ILO: COVID-19 causes devastating losses in working hours and employment

The COVID-19 pandemic is having a catastrophic effect on working hours and earnings, globally. A new International Labour Organization (ILO) report highlights some of the worst affected sectors and regions, and outlines policies to mitigate the crisis.

GENEVA (ILO News) —

1004, 2020

Key Insurance now trading on the JSE main market Graduates from Junior Stock Market

Key Insurance Company, now a subsidiary of the GraceKennedy Group, is now trading on the main market of the Jamaica Stock Exchange (JSE) having graduated from the junior market.

This follows Tuesday’s approval by the JSE of Key Insurance’s application

804, 2020

SBAJ president optimistic of COVID-19 recovery

mall Business Association of Jamaica (SBAJ) President Hugh Johnson expressed his confidence in the country’s ability to recover from the effects of the novel coronavirus disease (COVID-19) pandemic.

“We have a cadre of leaders instituting interventions, who I believe mean this