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

2711, 2019

BOJ commits to maintaining flexible FX rate

BOJ governor, Richard Byles speaking at a Quarterly Monetary Policy Report press conference held at the BOJ offices in downtown Kingston on November 21. (Michael Gordon)

The Bank of Jamaica (BOJ) in its latest Quarterly Monetary

2711, 2019

Key Insurance considering rights issue to shore up its finances

The financially plagued Key Insurance Company is considering a rights issue, as it seeks to recapitalise the company, which has been bleeding under heavy losses in recent time.

Today the board of directors will be meeting, at which time the crucial

1911, 2019

Experts praise new tourism pension scheme

The Tourism Workers Pension Scheme, which was approved earlier this year in Parliament, has continued to receive the thumbs up across the pension/retirement landscape.

The latest commendations came from the members of the Pension Industry Association of Jamaica (PIAJ), who

1911, 2019

Jamaica’s hotel room stock to double within 10 years — Bartlett

Tourism Minister, Edmund Bartlett (left), converses with St Lucia’s Minister of Tourism, Information and Broadcasting, Dominic Fedee, during a Government Leaders panel discussion at the Caribbean Hotel Investment Conference and Operations (CHICOS) Summit at the Secrets Wild Orchard and