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

803, 2020

2020/2021 Estimates of Expenditure adjusted

The 2020/2021 Estimates of Expenditure has been adjusted.

It has moved from $852.7 billion to $853.5 billion to reflect an additional $792 million to fund the operations of the Petroleum Corporation of Jamaica (PCJ).

The PCJ is to be integrated into the

403, 2020

PIOJ reports on state of the economy

The Planning Institute if Jamaica last week held its quarterly press conference, during which it presented the current position of the Jamaican ecomomy.

All the major sectors of the economy were reported on, including the present status of employment.

The

403, 2020

Financial stocks top earners in 2019 on the Ja Stock Exchange Threefold increases for Barita and Proven lead the way

Financial stocks have been the standout thus far in the earnings for 2019 on the Jamaica Stock Exchange returning an average 129.4 per cent increase in net profit.

This out-turn was driven by companies like Barita Investments and Proven, which reported

203, 2020

Flow launches new unlimited data plans

Telecommunications giant Flow Jamaica has launched what it is describing as “another industry-leading move”, new unlimited mobile data plans for both prepaid and postpaid customers.

Both plans offer unlimited “any-use” data in addition to unlimited