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

2012, 2019

JSE strikes deal with Nasdaq exchange in the US

The Jamaica Stock Exchange (JSE) has struck a deal with the Nasdaq exchange in the United States.

The deal allows local brokers to short-sell or profit from falling stock prices, while also trading international stocks.

The agreement with Nasdaq is for seven

2012, 2019

J$250 Million to start Tourism Workers’ Pension Fund in January

NEGRIL, Jamaica – Jamaica’s Minister of Tourism, Hon Edmund Bartlett says J$250 Million will be used to ensure the start of the highly anticipated Tourism Workers’ Pension Scheme next month.

This forms part of the government’s effort to seed the fund

1812, 2019

Consumer prices rose to 1.3 percent in November

Consumer prices in Jamaica rose 1.3 per cent in November. It was the highest monthly movement since September 2014.

The Statistical Institute of Jamaica says the increase was a result of higher prices for food and gas.

The

1812, 2019

CDB approves US$50 million loan for Bahamas hurricane relief

The Caribbean Development Bank (CDB) has approved an Exogenous Shock Response Policy-Based Loan of US$50 million to support The Bahamas following the damage caused by Hurricane Dorian.

The Exogenous Shock Response Policy-Based Loan is an instrument to provide resources for financing