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

704, 2020

Magnitude 5.3 earthquake rocks sections of T&T

An earthquake with a magnitude of 5.3 struck sections of the twin-island republic late Monday.

According to the Seismic Research Centre at the University of the West Indies (UWI), St Augustine campus, the quake struck 55 kilometres northwest of Scarborough, Tobago

704, 2020

US sheds over 700,000 jobs amid coronavirus outbreak

A decade of jobs growth in the US came to an abrupt halt last month, as employers shed 701,000 jobs amid the coronavirus outbreak.

New data from the US Department of Labor said the unemployment rate rose to 4.4%

704, 2020

FSSC endorses BOJ initiatives to ensure financial stability in light of COVID-19

The Financial System Stability Committee (FSSC) of the Bank of Jamaica (BOJ) has endorsed initiatives being undertaken by the institution to ensure adequate foreign currency and Jamaica Dollar liquidity, in light of the COVID-19 outbreak.

The BOJ has collaborated

704, 2020

Bank encourages personal budgeting during COVID-19 crisis

WITH the unpredictability in the economy as the effects of the novel coronavirus are being realised worldwide, Sagicor Bank is reminding people to practise personal budgeting as a financial management mechanism to get through this difficult period.

“Budgeting is a financially