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

1203, 2020

$18b tax cut

The Government yesterday announced new tax-reduction measures in the House of Representatives expected to cost the Administration $18 billion in 2020/21.

Minister of Finance and the Public Service Dr Nigel Clarke, who made the announcement as he opened the 2020/21

1003, 2020

Virus outbreak could cost airlines US$113 billion

SINGAPORE (AP) — The International Air Transport Association (IATA) says the virus outbreak that began in China could cost airlines as much as $113 billion in lost revenue due to the collapse of air travel.

Representatives of the airline industry

1003, 2020

NATIONAL STATEMENT: COVID-19 Delivered by Dr. the Hon. Christopher Tufton

Ladies and gentlemen of the press,
Representatives of the Ministry of Health and Wellness,
Other stakeholders.
Good afternoon.
Thank you for joining us this afternoon for what is an important development with the Coronavirus Disease 2019 (COVID-19).
Jamaica today confirmed its first imported case of

1003, 2020

Guardian Life sees records profit for 2019

Guardian Life Limited is reporting that it recorded $7.9 billion in net profit last year, a 15% increase over 2018.

This represented the company’s highest profit in its 20 year history.

President of Guardian Life Limited Eric Hosin says Net Premium Income