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

801, 2020

Bank of England looks to Jamaica central bank for communication Ideas

The Bank of Jamaica communication videos of reggae stars singing about inflation targets are among the more unusual central bank communication strategies being studied by the Bank of England.

A working paper co-authored by chief economist, Andy Haldane, published last

801, 2020

Cards up, cash down for Xmas spending

Spending over the holiday season wasn’t as robust as anticipated, based on data coming out of the Bank of Jamaica (BOJ).

The BOJ has reported that growth in currency stock for December 2019 fell below its projected target, reflecting a decline

801, 2020

Jamaica’s economic expansion continues despite economic shocks

Minister of Finance and the Public Service, Dr Nigel Clarke is pointing to the improving resilience of the Jamaican economy given the economy’s modest expansion, despite external economic shocks, in the third quarter of 2019.

“STATIN reported earlier this week that

801, 2020

Money in circulation during last week of December fell to 5-year low

The Bank of Jamaica (BOJ) is reporting that the amount of money in circulation during the last five working days of December 2019 (23 to31) was $2.94 billion.

This was below the central bank’s projection for the period of $7.3 million