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

2301, 2020

‘Clerks’ occupation group tops the labour force growth list

Director General of the Statistical Institute of Jamaica (STATIN), Carol Coy, is informing that the ‘clerks’ occupation group accounted for the most significant increase in employment recorded in the October 2019 Labour Force Survey.

Speaking during STATIN’s

2301, 2020

GraceKennedy makes offer to acquire Key Insurance

Following on the heels of its 15 per cent share acquisition last year December, the GraceKennedy Group (GKG) has announced plans to further strengthen and expand its financial division through an offer by the holding company, GraceKennedy Financial Group

2301, 2020

Port Royal residents must own development, says PM

KINGSTON, Jamaica — Prime Minister Andrew Holness says the Port Royal Development project is being pursued in a “very holistic way” with the participation and support of residents, who must own the development.

“We cannot displace the people who live

2301, 2020

Gov’t adds $8b to budget

KINGSTON, Jamaica — The 2019/20 budget is being increased by approximately $8 billion, according to the supplementary estimates for the fiscal year.

The estimates which were tabled by the Minister of Finance and the Public Service, Dr Nigel Clarke, in the