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

1602, 2020

Government involvement is crucial to roll-out of 5G in Jamaica

As the world moves to upgrade existing 4G wireless networks to the next generation of 5G, Government involvement will be crucial towards its success, according to Rohan Pottinger, chief technology officer at Digicel Jamaica.

Pottinger was speaking

1602, 2020

CDB targets 4.1 per cent growth for Caribbean

BRIDGETOWN, Barbados — Lamenting the fact that borrowing member countries (BMCs) were only able to achieve just about an average of one per cent growth in 2019, president of the Caribbean Development Bank (CDB) Dr Wm Warren Smith says the

1602, 2020

Govt_to_spend_$339.7m_on_poverty_reduction_programme

KINGSTON, Jamaica— The Government is to spend $339.706 million on the Poverty Reduction Programme IV in the new fiscal year.

As outlined in the 2020/21 Estimates of Expenditure, now before the House of Representatives, the project seeks to empower residents of

1602, 2020

Gov’t seeking to introduce micro-insurance to safeguard against climate events

Finance Minister Dr. Nigel Clarke has said the Government is looking to introduce micro-insurance as part of overall policy safeguards against risks associated with climate and weather-related events.

Dr. Clarke said the policy initiative, aims to broaden and deepen