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

Oil price jumps on fear of Iranian retaliation against US

The price of oil surged Friday as global investors were gripped with uncertainty over the potential repercussions after the United States killed Iran’s top general.

News that Gen. Qassem Soleimani, head of Iran’s elite Quds Force, was killed in an air

801, 2020

Lifestyle changes, more insurance recommended to cut medical expenses

The Green Paper on the National Health Insurance Plan for Jamaica, published some months ago, indicates that out of pocket expenditures (OOP) for Jamaicans on health remain high and private insurance coverage rates are below 20 per cent.

Should individuals be

801, 2020

Currency take up weaker than expected – BOJ

The Bank of Jamaica (BoJ),is reporting that currency take up during the holiday period was weaker than expected.

The central bank projected that financial institutions would take up about $7.3 billion.

However, during the

301, 2020

Farmers grateful for JSIF and RADA initiative

From left: Managing director of the Jamaica Social Investment Fund (JSIF), Omar Sweeney looking on as Peter Thompson, Rural Agricultural Development Authority’s (RADA’s) chief executive officer, presents farmer Keisha Vassel with a certificate of completion, at the graduation ceremony