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

3103, 2020

Farming hit by COVID-19

As the impact of the novel coronavirus disease (COVID-19) pandemic is felt across the country, small farmers — especially those who supply produce to the now-dormant tourism sector — are among those most affected.

With the temporary closure of

2703, 2020

COVID-19’s impact and possible solutions

The novel coronavirus has been wreaking havoc throughout the world, and projections are that what is to come will be even more dire than what we are experiencing today.

Covid-19 has an impact on both the social and economic framework, in

2703, 2020

Proactive measures being considered by Ministry of Finance

IN efforts to prepare for the impact of the coronavirus (COVID-19) pandemic on the economy, Minister of Finance Dr Nigel Clarke says his ministry and the Bank of Jamaica have developed a proactive approach in the method of scenario analyses.

2703, 2020

BOJ announces eight-point pre-emptive COVID-19 monetary strategy

HE Bank of Jamaica (BOJ) has announced an eight-point pre-emptive monetary strategy to assure financial institutions and the public that there will be adequate access to both Jamaican dollar and foreign currency liquidity in wake of the escalating COVID-19 pandemic.