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

1812, 2019

More than 3,000 Jamaican road fatalities in 10 years

Data obtained from the National Road Safety Council has revealed that more than 3,000 Jamaicans have died in road crashes across the island over the last ten years.

The data showed that the country has so far recorded 402 fatalities this

1512, 2019

Sliding dollar has limited impact on prices, says banker

The increase in prices normally associated with the slide in value of the Jamaican dollar, is being moderated by the level of competition among goods and service providers locally, says Curtis Martin, managing director of JN Bank.

Martin explained that increased

1312, 2019

Sagicor Financial and Canadian company complete business transaction

Sagicor Financial Corporation and Canadian company Alignvest Acquisition Corporation have completed their business combination transaction.

It involved the transfer of all issued shares in Sagicor to Alignvest in exchange for shareholders in Sagicor receiving cash or Alignvest

1312, 2019

Moody’s upgrades Jamaica’s rating

Moody’s Investors Service (Moody’s), the internationally recognised bond credit rating arm of Moody’s Corporation, has changed Jamaica’s outlook from positive to stable while upgrading the long-term issuer and senior unsecured ratings of the Government of