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Statistics on The Insurance Sector

Review of Economic Performance-Current Context.

Industry Statisticsmyiaj_admin2024-10-08T11:27:18+00:00

Latest Industry News

PeterLevey-SpeakstoMotorInsurance

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.

PeterLevey-SpeakstoMotorInsurance

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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General Insurance (2014-2015)
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General Insurance (2014-2015)
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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

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MOTOR INSURANCE

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PROPERTY INSURANCE

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HEALTH INSURANCE

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RETIREMENT INSURANCE

3101, 2020

JSE ranks in top 5 stock exchanges globally

The Jamaica Stock Exchange (JSE) was the fifth best-performing stock exchange in the world for 2019, according to a report from Bloomberg.

One year ago, the JSE received global recognition when it was recognised — yet again — as the world’s

3101, 2020

Real estate industry not affected by devaluations, crime

With the recent Jamaica Chamber of Commerce (JCC) quarterly business and consumer indices revealing a downward trend for business confidence in the fourth quarter of 2019, influenced by the devaluation and fluctuation of the Jamaican dollar

3101, 2020

Millennials looking to infrastructure investments on Jamaican stock market

The Jamaica Stock Exchange (JSE) has had some of the highest returns in the world, giving rise to a new generation of Jamaican investors who have cashed in on the JSE’s global phenomenon.

Over the last five years the JSE has

3101, 2020

Earthquake Safety Tips

Earthquakes are the sudden, rapid release of energy stored in rocks.

The constant motion of the earth’s surface causes an earthquake. The earth’s rock layer is broken into large pieces. These pieces are in slow but constant motion. They may

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.

2017 General Insurance Claims

Gross Claims incurred for 2017 was $13.2 billion 10% below the $14.7 billion recorded 2016 as there some exceptional claims in 2016.Reinsurance on claims was $2.42billion, -55% below $5.39billion for 2016. Motor claims were $ 9.5 B, 72 % of total claims incurred.

Other Interesting Statistics

Life Insurance Caribbean

General Insurance Caribbean

Retirement Investment Caribbean

IAJ Promotes Best Practices in
The Insurance Industry.

The IAJ provides avenues for addressing common concerns and encourage sound industry practices and ethical conduct of members while promoting the best interests of the insuring public.

Stay Informed, Join the Conversation

IAJ stands ready to engage everyone promoting insurance literacy among the Jamaican consumers through our various platforms including but not limited to our Website, Social Media, Email and Events.

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