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

1603, 2020

Combatting market volatility: Dollar-cost averaging

SEOUL, South Korea — Currency dealers monitor exchange rates in a trading room at KEB Hana Bank in Seoul on March 13, 2020. Global stock markets suffered historic falls as panic spread on March 13 over the spiralling COVID-19

1603, 2020

PROVEN suspends share offer

As a result of the heightened disruption triggered by the intensification of the coronavirus (COVID-19) pandemic, PROVEN Investments Limited has suspended its additional public offering of shares, with effect from Friday, March 13.

“We are extremely mindful of the current

1603, 2020

Almost $2 billion decline in Scotia Group in net income for Q1 of 2020

Scotia Group Jamaica is reporting an almost $2-billion decline in net income for the first quarter of 2020.

This represents a sizable downgrade from the $2.32 billion net income recorded for the corresponding period last year. In its latest quarterly

1603, 2020

Protecting your money, investment from COVID-19

With the recent official announcement of the imported cases of the novel coronavirus (COVID-19) to Jamaica, many are asking about the impact to their savings and investments, and what opportunities may lie ahead, said the Keith Duncan-led JMMB Group in