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

1506, 2023

Artificial intelligence and your business

In November 2022, OpenAI released ChatGPT and it has recently become available to Apple iOS users in Jamaica. ChatGPT is arguably now the most popular generative artificial intelligence (AI) and its use in Jamaica is growing rapidly. While

1506, 2023

Advertorial | Credit Union NeXGen Change Makers take flight at the Credit Unions of Jamaica Convention and Strategic Retreat

The following content is created and paid for by The Jamaica Co-operative Credit Union League

Forty-five Credit Union Young Professionals converged at the Credit Unions of Jamaica’s inaugural Youth Summit, at the Ocean Coral Springs Resort on Thursday, June 1, 2023,

1506, 2023

BCIC embarks on ‘mission clarity’

The British Caribbean Insurance Company Ltd (BCIC) has committed to be clear, open and customer-focused in its communications by rewriting its policy booklets in ‘plain language’. A document written in plain language is easy for the reader to read, understand,

1506, 2023

Pensions values on the mend but concerns remain

from left, President of CAPS, Nicolette Jenez, Amy Wolliston of the Cayman Islands, and Senior Partner of TELUS Health, Al Kiel.

Pension valuations are recovering but require stronger oversight to detect fraud, according to the acting director general at the Financial