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

2201, 2020

Managing flexibility Bank of Jamaica governor shares his thoughts on the teething pains of a modern foreign exchange market

The Jamaica dollar closed 2019 at $132.57 versus the US dollar, an annual depreciation of 3.7 per cent. This year-over-year change in the exchange rate was moderate compared to annual depreciation of 2.1 per cent in the previous year and

2201, 2020

STATIN reports continued decline in unemployment

THE Statistical Institute of Jamaica (STATIN) in its latest labour force survey findings has indicated that the country’s unemployment rate continues to trend downwards while female employment increases.

The country’s chief data processing entity, while presenting its review at a media

2201, 2020

GraceKennedy, Musson partner to form health and life insurance company

GraceKennedy and the Musson Group have partnered to enter the group health and life insurance market under the name Canopy Insurance Limited.

In a statement this afternoon, the company said it is ramping up preparations to begin operations in the

2201, 2020

Inflation rate reaches 6.2 % in 2019

The All Jamaica Consumer Price Index recorded an inflation rate of 0.5 per cent in December 2019, resulting in the calendar year inflation rate of 6.2 per cent, according to the Consumer Price Index (CPI) Bulletin – December 2019.

The