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

203, 2020

US consumer spending slowed in January while incomes jumped

WASHINGTON (AP) — Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose.

The Commerce Department said on Friday that consumer spending increased 0.2

203, 2020

Coronavirus to cost world tourism at least US$22 billion: global tourism body

MADRID, Spain (AFP) — The deadly coronavirus epidemic will cost world tourism at least US$22 billion owing to a drop in spending by Chinese tourists, the head of the World Travel and Tourism Council (WTTC) said yesterday.

The COVID-19 epidemic

203, 2020

Wall Street has worst week since 2008 as S&P 500 drops 11.5%

Stocks sank around the globe again Friday as investors braced for more economic pain from the coronavirus outbreak, sending U.S. markets to their worst weekly finish since the 2008 financial crisis.

The damage from the week

203, 2020

Canada economic growth slows to 0.3% in Q4 2019

OTTAWA, Canada (AFP) – Canadian economic growth slowed to 0.3 per cent in the last quarter of 2019, the government reported on Friday last, but still beat forecasts slightly.

Gross domestic product (GDP) had been widely expected to fall to 0.2